Company Earnings UpdateBest Buy (NYSE: BBY) 1Q20 Results: Beats Consensus on Comps and EPS, CEO to Change in June, Reiterates 2020 Guidance Coresight Research May 23, 2019 Executive Summary Best Buy reported fiscal 1Q20 Revenues of $9.14 billion, up 0.4% year over year and in line with the consensus estimate. Adjusted EPS was $1.02, up 24.4% year over year and beating the $0.87 consensus estimate. Enterprise comps increased 1.1%, beating the 1.0% consensus estimate. Domestic comps increased 1.3%, while international comps declined 1.2%. The company reiterated FY20 revenue guidance of $42.9-43.9 billion (flat to up 2%) and adjusted EPS of $5.45-5.65 (up 2-6%). Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US Store Openings and Closures Tracker 2025, Week 42: 40 New Openings for Ross Stores Reflect Off-Price EncroachmentGroceryshop 2025 Wrap-Up: Reinventing Grocery for an AI-Driven, Health-Focused and Value-Conscious EraHigh-Income Consumers Turn Optimistic About Economy; Plus, Inflation Awareness Declines: US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 29: New Look Closes Additional Stores
