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Company Earnings Update

Best Buy (NYSE: BBY) Fiscal 4Q19 Results: Beats Consensus Estimates and Guides at or Above Consensus for FY20

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Coresight Research

Key Points

  • Best Buy reported fiscal 4Q19 adjusted EPS of $2.72, up 12.4% year over year and beating the $2.56 consensus estimate. Revenues were $14.80 billion, down 3.7% year over year but beating the $14.68 billion consensus estimate.
  • Domestic comps increased 3.0%, beating the 1.8% consensus estimate, while international comps increased 2.5%. Domestic online comps increased 9.3%.
  • The company offered FY20 revenue guidance of $42.9-$43.9 billion, above the $42.8 billion consensus estimate, and adjusted EPS guidance of $5.45-$5.65, with the midpoint above the $5.49 consensus estimate.

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