BRIEF-Best Buy reports Q1 gaap earnings per share of $0.69

Tue May 24, 2016 7:29am EDT
 
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May 24 (Reuters) - Best Buy Reports Better

* Qtrly enterprise revenue $8,443 million versus $8,558 million last year

* Qtrly domestic segment comparable sales essentially flat

* For q2 fy17, our guidance is enterprise revenue in range of $8.35 billion to $8.45 billion

* For q2 fy17, our guidance is enterprise and domestic comparable sales of approximately flat

* Qtrly enterprise comparable sales fell 0.1 percent

* Not raising full year outlook as q1 represents less than 15% of full year earnings

* Expecting an approximate $0.03 net negative impact on q2 adjusted earnings per share from lapping of periodic profit sharing benefit from services plan portfolio

* Expecting an approximate $0.06 negative impact from carryover of last september's services pricing investment on q2 adjusted earnings per share   Continued...