Q3 FY21


24 Nov: Best Buy Reports Q3 FY21 Results

Enterprise Comparable Sales Increased 23%

Domestic Comparable Online Sales Increased 174%

GAAP Diluted EPS Increased 35% to $1.48

Non-GAAP Diluted EPS Increased 82% to $2.06

MINNEAPOLIS, November 24, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 31, 2020 (“Q3 FY21”), as compared to the 13-week third quarter ended November 2, 2019 (“Q3 FY20”).

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

Revenue ($ in millions)Q3 FY21  Q3 FY20
Enterprise$11,853 $9,764
Domestic segment$10,850 $8,964
International segment$1,003 $800
Enterprise comparable sales % change1 23.0% 1.7%
Domestic comparable sales % change1 22.6% 2.0%
Domestic comparable online sales % change1 173.7% 15.0%
International comparable sales % change1 27.3%(1.9)%
Operating Income  
GAAP operating income as a % of revenue 4.7% 4.0%
Non-GAAP operating income as a % of revenue 6.1% 4.2%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.48 $1.10
Non-GAAP diluted EPS$2.06 $1.13

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