Best Buy Co., Inc (NYSE:BBY) reported fiscal second-quarter adjusted EPS of $1.34, beating the street view of $1.16. Quarterly sales of $9.29 billion beat the analyst consensus of $9.24 billion. The stock gained after the print.
Quarterly domestic revenue of $8.62 billion decreased 3.0% year-over-year. Comparable sales fell 2.3%.
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The company incurred $7 million of restructuring charges in the quarter.
Domestic online revenue of $2.72 billion decreased 1.6% on a comparable basis.
From a merchandising perspective, the largest drivers of the decline in comparable sales on a weighted basis ...
