Best Buy (BBY) reported earnings on Tue 23 Nov 2021 (b/o)

 

Best Buy beats by $0.12, beats on revs; raises FY22 outlook

• Reports Q3 (Oct) earnings of $2.08 per share, $0.12 better than the S&P Capital IQ Consensus of $1.96; revenues rose 0.5% year/year to $11.91 bln vs the $11.62 bln S&P Capital IQ Consensus.
• Co issues in-line guidance for FY22, sees FY22 revs of $51.8-52.3 bln vs. $51.83 bln S&P Capital IQ Consensus and compared to the prior outlook of $51.0-52.0 billion
  • FY22 Comparable sales growth of 10.5% to 11.5% compared to the prior outlook of 9% to 11% growth