===Best Buy (BBY) reported earnings on Tue 22 Nov 22 (b/o)

 

Best Buy beats by $0.36, beats on revs 

• Reports Q3 (Oct) earnings of $1.38 per share, $0.36 better than the S&P Capital IQ Consensus of $1.02; revenues fell 11.1% year/year to $10.59 bln vs the $10.3 bln S&P Capital IQ Consensus.
  • Domestic revenue of $9.80 billion decreased 10.8% versus last year primarily driven by a comparable sales decline of 10.5%.
• Outlook
  • Co expects FY23 comparable sales to decline approximately 10% and non-GAAP operating income rate to be slightly higher than 4.0%.