Edition:
India

Best Buy Reports Q4 Non-Gaap Earnings Of $2.72/Share


Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Best Buy Co Inc ::BEST BUY REPORTS BETTER-THAN-EXPECTED FOURTH QUARTER EARNINGS.Q4 NON-GAAP EARNINGS PER SHARE $2.72.Q4 GAAP EARNINGS PER SHARE $2.69.QUARTERLY REVENUE $14.80 BILLION VERSUS $15.36 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.57 -- REFINITIV IBES DATA.QUARTERLY ENTERPRISE COMPARABLE SALES UP 3.0 PERCENT.INCREASES QUARTERLY DIVIDEND 11% TO $0.50 PER SHARE.ESTIMATES EXTRA WEEK IN Q4 FY18 ADDED ABOUT $760 MILLION IN REVENUE AND APPROXIMATELY $0.20 IN NON-GAAP DILUTED EPS FOR QUARTER, YEAR.SEES FY20 NON-GAAP EARNINGS PER SHARE $5.45 TO $5.65.SEES FY20 ENTERPRISE REVENUE OF $42.9 BILLION TO $43.9 BILLION.SEES FY20 ENTERPRISE COMPARABLE SALES GROWTH OF 0.5% TO 2.5%.SEES FY20 NON-GAAP DILUTED EPS OF $5.45 TO $5.65.BEST BUY CO - ESTIMATES EXTRA WEEK IN Q4 ADDED ABOUT $0.20 IN NON-GAAP EARNINGS PER SHARE FOR Q4.PLANS TO SPEND BETWEEN $750 MILLION AND $1.0 BILLION ON SHARE REPURCHASES IN FY20.SEES Q1 ENTERPRISE REVENUE OF $9.05 BILLION TO $9.15 BILLION.SEES Q1 ENTERPRISE COMPARABLE SALES GROWTH OF 0.0% TO 1.0%.SEES Q1 FY20 NON-GAAP DILUTED EPS OF $0.83 TO $0.88.Q4 REVENUE VIEW $14.70 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $5.49, REVENUE VIEW $43.39 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.83, REVENUE VIEW $9.18 BILLION -- REFINITIV IBES DATA.