Best Buy (BBY) Tops Q1 EPS by 8c, Comps Increase 7.1%, Offers Q2 and FY Guidance

Best Buy (NYSE: BBY) reported Q1 EPS of $0.82, $0.08 better than the analyst estimate of $0.74. Revenue for the quarter came in at $9.1 billion versus the consensus estimate of $8.73 billion.

Enterprise Comparable Sales Increased 7.1%

GUIDANCE:

Best Buy sees Q2 2019 EPS of $0.77-$0.82, versus the consensus of $0.82. Best Buy sees Q2 2019 revenue of $9.1-9.2 billion, versus the consensus of $9.06 billion.

Domestic comparable sales growth of 3.0% to 4.0%1
International comparable sales growth of 1.0% to 4.0%

Best Buy sees FY2019 EPS of $4.80-$5.00, versus the consensus of $4.97. Best Buy sees FY2019 revenue of $41-42 billion, versus the consensus of $41.77 billion.

Enterprise comparable sales of flat to growth of 2.0%1

For earnings history and earnings-related data on Best Buy (BBY) click here.

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