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BEST BUY Best Buy Reports Better - Than - Expected First Quarter Results Enterprise Comparable Sales Increased 37.2 % GAAP Diluted EPS Increased 280 % to $ 2.32 Non - GAAP Diluted EPS Increased 233 % to $ 2.23 Raises Full - Year Enterprise Comparable Sales Growth Outlook to a Range of 3 % to 6 % MINNEAPOLIS , May 27 , 2021 Best Buy Co. , Inc. ( NYSE : BBY ) today announced results for the 13 - week first quarter ended May 1 , 2021 ( " Q1 FY22 " ) , as compared to the 13 - week first quarter ended May 2 , 2020 ( “ Q1 FY21 " ) . Revenue ( $ in millions ) Enterprise Domestic segment International segment Enterprise comparable sales % change¹ Domestic comparable sales % change¹ Domestic comparable online sales % change¹ International comparable sales % change¹ Operating Income GAAP operating income as a % of revenue Non - GAAP operating income as a % of revenue Diluted Earnings per Share ( " EPS " ) GAAP diluted EPS Non - GAAP diluted EPS $ GAGALA $ $ $ LA GA $ Q1 FY22 11,637 10,841 796 37.2 % 37.9 % 7.6 % 27.8 % 6.6 % 6.4 % 69 69 69 $ $ $ 2.32 $ 2.23 $ Q1 FY21 8,562 7,915 647 ( 5.3 ) % ( 5.7 ) % 155.4 % 0.2 % 2.7 % 2.9 % 0.61 0.67 For GAAP to non - GAAP reconciliations of the measures referred to in the above table , please refer to the attached supporting schedule . " Customer demand for technology products and services during the quarter was extraordinarily high , " said Corie Barry , Best Buy CEO . “ This demand is being driven by continued focus on the home , which encompasses many aspects of our lives including working , learning , cooking , entertaining , redecorating and remodeling . The demand was also bolstered by government stimulus programs and the strong housing environment . Our teams across the organization met the demand with remarkable execution . From our merchant and supply chain teams working behind the scenes to our Blue Shirts and Geek Squad agents on the front lines our employees once again showed amazing flexibility and execution managing extraordinary volumes . Most importantly , they provided exceptional customer service in a safe environment . " Barry continued , " It has become evident throughout the pandemic that technology is even more important to people's lives , and we are excited about what that means for our business going forward , especially in combination with both the heightened technology innovation that supports the more home - based way of work and life and our unique ability to inspire and support our customers . "