$BBY - Best Buy shares rise after earnings beat consensus

The FactSet consensus was for EPS of 87 cents and sales of $9.14 billion. Same-store sales rose 1.1%, ahead of the 1.0% FactSet estimate. For the second quarter, Best Buy is guiding for revenue of $9.5 billion to $9.6 billion, same-store sales growth of 1.5% to 2.5%, and adjusted EPS of 95 cents to $1. The FactSet consensus is for $9.5 billion, a same-store sales increase of 1.6% and EPS of 97 cents. For the year, Best Buy expects sales of $42.9 billion to $43.9 billion, same-store sales growth of 0.5% to 2.5%, and adjusted EPS of $5.45 to $5.65. FactSet forecasts sales of $43.56 billion, same-store sales growth of 1.9% and EPS of $5.64. Best Buy stock has climbed 30.6% in 2019, outpacing the S&P 500 index SPX, -0.28% which is up 14% for the period.
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