Best Buy: raises FY targets
(CercleFinance.com) - Best Buy has raised its FY targets, now expecting non-GAAP adjusted EPS of between 4.
95 dollars and 5.10 dollars, against a previous estimate of 4.80 dollars to 5 dollars, for sales that are up 3.5% to 4.5% in comparable terms, vs. a previous forecast range of between 0 and 2%.
Over Q2, the consumer electronics chain's adjusted EPS rose by 32% to 91 cents, nine cents above the consensus, for an adjusted operating margin that is up 0.2% over the period at 3.8%.
At nearly 9.4 billion dollars, the Minneapolis-based group's revenues increased by 4.9%, including like-for-like growth of 6.2%, in particular driven by a 10.1% increase in online sales.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
95 dollars and 5.10 dollars, against a previous estimate of 4.80 dollars to 5 dollars, for sales that are up 3.5% to 4.5% in comparable terms, vs. a previous forecast range of between 0 and 2%.
Over Q2, the consumer electronics chain's adjusted EPS rose by 32% to 91 cents, nine cents above the consensus, for an adjusted operating margin that is up 0.2% over the period at 3.8%.
At nearly 9.4 billion dollars, the Minneapolis-based group's revenues increased by 4.9%, including like-for-like growth of 6.2%, in particular driven by a 10.1% increase in online sales.
Copyright (c) 2018 CercleFinance.com. All rights reserved.