Q2 FY21


25 Aug: Best Buy Reports Q2 FY21 Results

Enterprise Comparable Sales Increased 5.8%

Domestic Comparable Online Sales Increased 242%

GAAP Diluted EPS Increased 85% to $1.65

Non-GAAP Diluted EPS Increased 58% to $1.71

MINNEAPOLIS, August 25, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 1, 2020 (“Q2 FY21”), as compared to the 13-week second quarter ended August 3, 2019 (“Q2 FY20”).

(Click here for a PDF version. Click here to view full release and statements.)

Revenue ($ in millions) Q2 FY21 Q2 FY20
Domestic segment$9,128$8,821
International segment$782$715
Enterprise comparable sales % change15.8%1.6%
Domestic comparable sales % change15.0%1.9%
Domestic comparable online sales % change1242.2%17.3%
International comparable sales % change115.1%(1.9)%
Operating Income  
GAAP operating income as a % of revenue5.7%3.3%
Non-GAAP operating income as a % of revenue5.9%4.0%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.65$0.89
Non-GAAP diluted EPS$1.71$1.08

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.