earnings
confidence high
sentiment positive
materiality 0.85
Best Buy Q2 EPS beats; raises FY22 comparable sales outlook to 9-11%
BEST BUY CO INC
2021-Q2 EPS reported
$5.22
revenue$23,486,000,000
- GAAP diluted EPS $2.90 vs $1.65 last year, up 76%; Non-GAAP $2.98 vs $1.71.
- Enterprise revenue $11.85B up 20% YoY; comparable sales +19.6%.
- Raised FY22 comp sales growth outlook to 9-11% from prior 3-6%; revenue $51-52B.
- Domestic online revenue down 28.1% to 31.7% of revenue vs 53.1% last year.
- Q2 dividend $0.70/share payable Oct 5, record Sep 14; $571M returned to shareholders.