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Home » Best Buy’s (BBY) CEO Hubert Joly on Q2 2015 Results – Earnings Call Transcript

Best Buy’s (BBY) CEO Hubert Joly on Q2 2015 Results – Earnings Call Transcript

Source: Seeking Alpha

Best Buy Co (NYSE:BBY)

Q2 2015 Earnings Conference Call

August 26, 2014 08:00 ET


Mollie O’Brien – VP, IR

Hubert Joly – President & CEO

Sharon McCollam – CAO & CFO


Simeon Gutman – Morgan Stanley

David Schick – Stifel Nicolaus

Alan Rifkin – Barclays Capital

Aram Rubinson – Wolfe Research

David Magee – SunTrust Robinson Humphrey

Mike Baker – Deutsche Bank

Brian Nagel – Oppenheimer


Welcome to Best Buy’s Second Quarter Fiscal Year 2015 Earnings Conference Call. (Operator Instructions). I would now like to turn the call over to Mollie O’Brien, Vice President, Investor Relations.

Mollie O’Brien

Good morning and thank you. Joining me on the call today are Hubert Joly, our President and CEO; and Sharon McCollam, our CAO and CFO. As usual, the media will be participating in this call in a listen-only mode.

This morning’s conference call must be considered in conjunction with the earnings release that we issued earlier today. They both contain non-GAAP financial measures that exclude the impact of certain business events. These non-GAAP financial measures are provided to facilitate meaningful year-over-year comparisons, but should not be considered superior to as a substitute for and should be read in conjunction with the GAAP financial measures for the period. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures and an explanation of why these non-GAAP financial measures are useful can be found in this morning’s earnings release.

Today’s earnings release and conference call also include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements address the financial condition, results of operations, business initiatives, growth plans, operational investments and prospects of the company and are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Please refer to the company’s current earnings release and SEC filings for more information on these risks and uncertainties. The company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this call.

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