Best Buy (BBY) Tops Q1 EPS by 9c; Comps Outpace Views
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Best Buy Announces Internal Succession Plan for Company's Chief Administrative and Chief Financial Officer
May 24, 2016 7:01 AM EDTCAO and CFO Sharon McCollam to step down at conclusion of companys annual shareholder meeting in June
Current Chief Strategic Growth Officer to assume CFO role
MINNEAPOLIS--(BUSINESS WIRE)-- As part of an internal succession plan, Best Buy today announced that Sharon McCollam, the companys chief administrative and chief financial officer, will be stepping down on June 14, 2016. McCollam will remain with the company in an advisory capacity until the end of the fiscal year, January 28, 2017, to ensure a seamless transition.
Corie Barry, a 16-year veteran of Best Buy... More
Best Buy Reports Better-Than-Expected First Quarter Results
May 24, 2016 7:00 AM EDTGAAP Diluted EPS of $0.69
Non-GAAP Diluted EPS Increased 19% to $0.44
Domestic Segment Comparable Sales Essentially Flat
MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter ended April 30, 2016 (Q1 FY17), as compared to the first quarter ended May 2, 2015 (Q1 FY16). The company reported GAAP diluted earnings from continuing operations of $0.69, an increase from $0.10 in Q1 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.44, an increase of 19% from $0.37 in Q1 FY16.
         Q1 FY17   Q1 FY16 Revenue ($ in millions)1       Enterprise   $8,443  ... More