Company Earnings Update 4 minutesRegister for Free AccessBest Buy (NYSE: BBY) 2Q20 Results: Beats Consensus on EPS, Narrows FY20 Guidance but Cautious on Tariffs and Consumer in Second Half Coresight Research August 29, 2019 Executive Summary Best Buy reported fiscal 2Q20 Revenues of $9.54 billion, up 1.7% year over year and in line with the consensus estimate. Adjusted EPS was $1.08, up 18.7% year over year and beating the $0.99 consensus estimate. Enterprise comps increased 1.6%, missing the 2.1% consensus estimate. Domestic comps increased 1.9%, while international comps declined 1.9%. The company narrowed FY20 revenue, comp and adjusted EPS guidance due to the updated tariff situation, better-than-expected earnings and uncertainty regarding consumer purchases in the second half of the year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: July 2023 US Housing Market Indicators: Third Consecutive Month of Strong Sales Growth for New HomesThe Coresight Research CORE Framework for Generative AI in RetailEarnings Insights 2Q24, Week 2: Positive Results from Colgate-Palmolive, Crocs, Deckers Outdoor and MoreThree Data Points We’re Watching This Week
