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BEST BUY Best Buy Reports Better - Than - Expected Second Quarter Results Enterprise Comparable Sales Increased 20 % GAAP Diluted EPS Increased 76 % to $ 2.90 Non - GAAP Diluted EPS Increased 74 % to $ 2.98 Excluding a $ 0.47 Benefit from a Lower Year - Over - Year Effective Tax Rate , GAAP and Non - GAAP Diluted EPS Increased Approximately 47 % Raises Full - Year Enterprise Comparable Sales Growth Outlook to a Range of 9 % to 11 % MINNEAPOLIS , August 24 , 2021 Best Buy Co. , Inc. ( NYSE : BBY ) today announced results for the 13 - week second quarter ended July 31 , 2021 ( “ Q2 FY22 " ) , as compared to the 13 - week second quarter ended August 1 , 2020 ( " Q2 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 $ LA LA LA $ $ $ A LA $ Q2 FY22 11,849 $ 11,011 $ 838 19.6 % 20.8 % $ ( 28.1 ) % 5.0 % 6.7 % 6.9 % GALA $ 2.90 2.98 $ Q2 FY21 9,910 9,128 782 5.8 % 5.0 % 242.2 % 15.1 % 5.7 % 5.9 % 1.65 1.71 For GAAP to non - GAAP reconciliations of the measures referred to in the above table , please refer to the attached supporting schedule . " We are reporting record second quarter results today with comparable sales growth of 20 % and operating income growth of 40 % compared to last year , " said Corie Barry , Best Buy CEO . " We are lapping an unusual quarter last year as our stores were limited to curbside service or in - store appointments for roughly half the quarter . When we compare to two years ago , our results are also very strong . Compared to the second quarter of FY20 , revenue is up 24 % and our operating income has more than doubled . " Barry continued , " Customer demand for technology products and services during the quarter remained very strong . Customers continued to leverage technology to meet their needs , and we are providing solutions that help them work , learn , entertain , cook and connect at home . The demand was also bolstered by the overall strong consumer spending ability , aided by government stimulus , improving wages and high savings levels . "