Best Buy: again raises FY targets
(CercleFinance.com) - As in August, Best Buy says that it is raising its FY targets, now looking for adjusted (non-GAAP) EPS of between 5.
09 dollars and 5.19 dollars, against a previous target range of between 4.95 dollars and 5.10 dollars, for comparable sales growth of between 4% and 5%.
In its third accounting quarter, the consumer electronics chain saw its adjusted EPS increase 19% to 93 cents, or eight cents above the consensus, despite an adjusted operating margin that is down 0.2% at 3.5%.
At almost 9.6 billion dollars, the Minneapolis-based group's revenues increased by 2.9%, and were up 4.3% on a comparable basis, in particular driven by a 12.6% increase in online sales in the US.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
09 dollars and 5.19 dollars, against a previous target range of between 4.95 dollars and 5.10 dollars, for comparable sales growth of between 4% and 5%.
In its third accounting quarter, the consumer electronics chain saw its adjusted EPS increase 19% to 93 cents, or eight cents above the consensus, despite an adjusted operating margin that is down 0.2% at 3.5%.
At almost 9.6 billion dollars, the Minneapolis-based group's revenues increased by 2.9%, and were up 4.3% on a comparable basis, in particular driven by a 12.6% increase in online sales in the US.
Copyright (c) 2018 CercleFinance.com. All rights reserved.