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Oct 31, 2020
Best Buy Q3 2021 Earnings Report
Best Buy reported strong Q3 results, with significant growth in comparable sales and online revenue.
Key Takeaways
Best Buy's Q3 FY21 results showed remarkable growth, with a 23% increase in comparable sales and a 174% increase in domestic comparable online sales. The company's GAAP diluted EPS increased by 35% to $1.48, while non-GAAP diluted EPS increased by 82% to $2.06. Revenue reached $11.853 billion, driven by elevated demand for products that help customers work, learn, cook, entertain, and connect in their homes.
Enterprise comparable sales increased by 23%.
Domestic comparable online sales surged by 174%.
GAAP diluted EPS increased by 35% to $1.48.
Non-GAAP diluted EPS increased by 82% to $2.06.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Due to the significant uncertainty related to the various impacts of the pandemic, Best Buy is not providing financial guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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