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: Earnings Insights 4Q24, Week 1: Levi Strauss, P&G, Walgreens and Others Post Sales Growth, While Burberry and Kimberly-Clark Report DeclinesRetail Innovation in China: Insights Presented at Shoptalk 2024US CPG Sales Tracker: Health & Beauty Helps Online Growth Remain in the Mid-Teens Percentage Range in AprilRetail Innovation: State of In-Store Retailing and Opportunity To Redefine Operations
