Best Buy reports Q3 EPS 93c, consensus 85c - InvestingChannel

Best Buy reports Q3 EPS 93c, consensus 85c

Reports Q3 revenue $9.59B, consensus $9.57B. Reports enterprise comparable sales up 4.3%. “Our team just delivered another strong quarter with 4.3% comparable sales growth and better-than-expected earnings growth. Similar to the first half of the year, our topline performance was helped by a favorable environment and driven by how customers are responding to the unique and elevated experience we are building. We have continued to make significant progress against our Best Buy 2020: Building the New Blue strategy, including expanding our In-Home Advisor program, growing our Total Tech Support members and completing the acquisition of GreatCall, a leading connected health services provider for aging consumers,” said Hubert Joly, Best Buy chairman and CEO.