Company Earnings UpdateBest 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Consumer Sentiment Stabilizes Following Trade Talks and Rate Cut: US Consumer Survey InsightsShoptalk Spring 2025 “Shark Reef” Startup Pitch: Event Format and CompetitorsWeekly UK Store Openings and Closures Tracker 2025, Week 47: Store Openings Exceed 1,500The Beauty Conversion Architecture: From Discovery to Purchase—Powering Beauty Companies’ Growth in 2025 and Beyond
