Earnings release
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BEST BUY Best Buy Reports Better - Than - Expected Third Quarter Results Domestic Comparable Sales Increased 2.0 % on Top of 22.6 % Last Year GAAP Diluted EPS Increased 35 % to $ 2.00 Non - GAAP Diluted EPS Increased 1 % to $ 2.08 Raises Full - Year Enterprise Comparable Sales Growth Outlook to a Range of 10.5 % to 11.5 % MINNEAPOLIS , November 23 , 2021 Best Buy Co. , Inc. ( NYSE : BBY ) today announced results for the 13 - week third quarter ended October 30 , 2021 ( “ Q3 FY22 " ) , as compared to the 13 - week third quarter ended October 31 , 2020 ( " Q3 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 $ $ $ $ Q3 FY22 $ 11,910 10,985 $ 925 1.6 % $ 2.0 % ( 10.1 ) % ( 3.0 ) % 5.6 % 5.8 % 2.00 2.08 LA LA $ Q3 FY21 11,853 10,850 1,003 23.0 % 22.6 % 173.7 % 27.3 % 4.7 % 6.1 % 1.48 2.06 For GAAP to non - GAAP reconciliations of the measures referred to in the above table , please refer to the attached supporting schedule . " We delivered record Q3 results , including 2 % Domestic comparable sales on top of 22.6 % last year , as our leaders continued to drive new ways of operating and our employees continued to do amazing things to support our customer's technology needs in knowledgeable , fast and convenient ways , " said Corie Barry , Best Buy CEO . " Our omnichannel capabilities and our ability to inspire and support across all of technology in a way no one else can means we are uniquely positioned to seize the opportunity in this environment and in the future . " " More people continue to sustainably work , entertain , cook and connect at home , and while customers are returning to stores , digital sales were still more than double pre - pandemic levels , and phone , chat and in - home sales continued to grow , " Barry continued . " During the third quarter , we reached our fastest small - package online shipping times ever as our same - day delivery was up 400 % and we nearly doubled the percent of products delivered within one day compared to last year . " " We are looking forward to a strong holiday season and believe we are extremely well - positioned with both the tech customers want and fast and convenient ways to get it , " said Matt Bilunas , Best Buy CFO . " We are committed to