Best Buy Co, Inc. (BBY) CEO Hubert Joly on Q1 2018 Results - Earnings Call Transcript

May 24, 2018 2:26 PM ETBest Buy Co., Inc. (BBY)
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Best Buy Co, Inc. (NYSE:BBY) Q1 2018 Earnings Conference Call May 24, 2018 8:00 AM ET

Executives

Mollie O'Brien - VP of IR

Hubert Joly - Chairman and CEO

Corie Barry - CFO

Analysts

Dan Wewer - Raymond James

Peter Keith - Piper Jaffray

Kate McShane - Citi

Matt McClintock - Barclays

Mike Baker - Deutsche Bank

Anthony Chukumba - Loop Capital Markets

Simeon Gutman - Morgan Stanley

David Schick - Consumer Edge Research

Brian Nagel - Oppenheimer

Scott Mushkin - Wolfe Research

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Q1 Fiscal Year 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session [Operator Instructions]. As a reminder, this call is being recorded for playback and will be available by approximately 11:00 a.m. Eastern Time today. [Operator Instructions].

I will now turn the conference over to Mollie O'Brien, Vice President of Investor Relations. Please go ahead, ma'am.

Mollie O'Brien

Good morning and thank you. Joining me on the call today are Hubert Joly, our Chairman and CEO and Corie Barry, our CFO. During the call today, we will be discussing both GAAP and non-GAAP financial measures. 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 meaningful can be found in this morning's earning release, which is available on our website, investors.bestbuy.com.

Some of the statements we will make today are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may address the financial condition, business initiatives, growth plans, investments and expected performance of the company and are subject to risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Please

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