Best Buy beats Q2 expectations and raises full-year guidance
Best Buy reported Q2 EPS of $1.47 versus $1.38 expected and revenue of $9.78B versus $9.59B expected, with comparable sales up 4.1% and net income more than doubling to $315 million. Management raised FY EPS guidance to $6.70-$6.90 and revenue guidance to $42.3B-$42.8B.
Detected & updated continuously · Source: Nebula
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@schaeffers
BEST BUY $BBY EARNINGS ARE OUT! 🟢 EPS: $1.47 | Est. $1.38 🟢 REV: $9.78B | Est. $9.59B IMPLIED MOVE TODAY: ±6.77%!! https://t.co/AzUZzxhfKs
@schaeffers
Best Buy $BBY delivered a beat-and-raise quarter. Q2 EPS beat by $0.09, revenue beat by $190M, and comparable sales jumped 4.1%. FY EPS outlook raised to $6.70-$6.90, while revenue guidance increased to $42.3B-$42.8B.
@qz
Best Buy net income more than doubles to $315 million in Q2: The consumer electronics retailer posted comparable sales growth of 4.1% and lifted its adjusted EPS forecast to a range of $6.70 to $6.90 https://t.co/ERfgVUoM1t https://t.co/JKrJs37KII
@schaeffers
Best Buy $BBY results show more than just an earnings beat. +4.1% Q2 comps suggest improving underlying demand, while management raised FY revenue guidance by more than $1B at the low end. Q2 EPS: $1.47 vs. $1.38 est. Revenue: $9.78B vs. $9.59B est.
@schaeffers
INCOMING $BBY CEO: “We are raising our annual financial guidance due to the strong first half performance and our momentum as we enter the second half of the year. I want to extend my appreciation to our employees across the company for their commitment to our customers and for
@schaeffers
INCOMING $BBY CEO: “The strength of our Q2 results reflects both the deliberate actions we have taken to position the business for growth and a healthy demand environment for our category.”