earnings
confidence high
sentiment positive
materiality 0.80
Best Buy reports Q3 GAAP EPS $2.00, raises FY22 comparable sales outlook to 10.5-11.5%
BEST BUY CO INC
2021-Q3 EPS reported
$7.23
revenue$35,396,000,000
- GAAP diluted EPS $2.00 (+35% YoY); Non-GAAP $2.08 (+1% YoY); revenue $11.91B, up slightly YoY.
- Domestic comparable sales +2.0% on top of +22.6% last year; online sales down 10.1% but still double pre-pandemic.
- FY22 enterprise comparable sales raised to 10.5-11.5% from 9-11%; revenue guidance up to $51.8-52.3B.
- Regular quarterly dividend of $0.70/share, payable Jan 4, 2022 to holders of record Dec 14, 2021.
- Returned $577M to shareholders in Q3 via buybacks ($405M) and dividends ($172M).