Domestic Comparable Sales Increased 2.0% on Top of 22.6% Last Year
GAAP Diluted EPS Increased 35% to $2.00
Non-GAAP Diluted EPS Increased 1% to $2.08
Raises Full-Year Enterprise Comparable Sales Growth Outlook to a
Range of 10.5% to 11.5%
MINNEAPOLIS, November 23, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 30, 2021 (“Q3 FY22”), as compared to the 13-week third quarter ended October 31, 2020 (“Q3 FY21”).
| Q3 FY22 | Q3 FY21 | |
| Revenue ($ in millions) | ||
| Enterprise | $11,910 | $11,853 |
| Domestic segment | $10,985 | $10,850 |
| International segment | $925 | $1,003 |
| Enterprise comparable sales % change1 | 1.6% | 23.0% |
| Domestic comparable sales % change1 | 2.0% | 22.6% |
| Domestic comparable online sales % change1 | (10.1)% | 173.7% |
| International comparable sales % change1 | (3.0)% | 27.3% |
| Operating Income | ||
| GAAP operating income as a % of revenue | 5.6% | 4.7% |
| Non-GAAP operating income as a % of revenue | 5.8% | 6.1% |
| Diluted Earnings per Share (“EPS”) | ||
| GAAP diluted EPS | $2.00 | $1.48 |
| Non-GAAP diluted EPS | $2.08 | 2.06 |
For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.