=Best Buy (BBY) reported earnings on Thur 25 May 2017 (b/o)

Best Buy beats by $0.20, beats on revs; guides Q2 EPS in-line; Enterprise Comparable Sales Increased 1.6%. :

• Reports Q1 (Apr) earnings of $0.60 per share, excluding non-recurring items, $0.20 better than the Capital IQ Consensus of $0.40; revenues rose 1.0% year/year to $8.53 bln vs the $8.28 bln Capital IQ Consensus. Enterprise Comparable Sales Increased 1.6%.  Domestic comparable sales % change -- 1.4%.
• Co issues in-line guidance for Q2, sees EPS of $0.57-0.62, excluding non-recurring items, vs. $0.59 Capital IQ Consensus Estimate. Q2 Guidance: Enterprise revenue in the range of $8.6 billion to $8.7 billion. Enterprise comparable sales change in the range of 1.5% to 2.5%. Domestic comparable sales change in the range of 1.5% to 2.5%.
• FY18 Guidance: Enterprise revenue growth of approximately 2.5%. Enterprise non-GAAP operating income growth rate in the range of 3.5% to 8.5%, based on the recast FY17 non-GAAP operating income of $1.733 billion. On a 52-week basis, Enterprise non-GAAP operating income growth rate in the range of 1.5% to 5.5%, based on the recast FY17 non-GAAP operating income of $1.733 billion