Best Buy Approves Plan to Return Excess Capital to Shareholders

Two-Year $3 Billion Share Repurchase Plan 21% Increase in Quarterly Dividend to $0.34 per Share MINNEAPOLIS, 2017-Mar-07 — /EPR Retail News/ — Best Buy Co., Inc. (NYSE: BBY) today ( March 1, 2017) announced that its Board of Directors approved a plan to return excess capital to shareholders as follows: A new $3 billion share repurchase […]

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Best Buy announces results for the first quarter ended April 30, 2016

GAAP Diluted EPS of $0.69 Non-GAAP Diluted EPS Increased 19% to $0.44 Domestic Segment Comparable Sales Essentially Flat MINNEAPOLIS, 2016-May-25 — /EPR Retail News/ — Best Buy Co., Inc. (NYSE:BBY) today announced results for the first quarter ended April 30, 2016 (“Q1 FY17”), as compared to the first quarter ended May 2, 2015 (“Q1 FY16”). […]

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Best Buy CAO and CFO Sharon McCollam to step down and will be succeeded by Corie Barry on June 14, 2016

CAO and CFO Sharon McCollam to step down at conclusion of company’s annual shareholder meeting in June Current Chief Strategic Growth Officer to assume CFO role MINNEAPOLIS, 2016-May-25 — /EPR Retail News/ — As part of an internal succession plan, Best Buy today announced that Sharon McCollam, the company’s chief administrative and chief financial officer, will be […]

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Best Buy CEO Hubert Joly: Domestic revenue declined 0.8% during the holiday period driven by the mobile phone category

Domestic Revenue Decreased 0.8% Repurchased $203 million in Stock for a Year-to-Date Total of $588 million Improving the Fourth Quarter Operating Margin Outlook MINNEAPOLIS, 2016-Jan-18 — /EPR Retail News/ — Best Buy Co., Inc. (NYSE:BBY) today announced revenue results for the nine weeks ended January 2, 2016 as compared to the nine weeks ended January 3, […]

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Best Buy Q3 FY16: Domestic comparable sales growth and operating income expansion

Domestic Segment Revenue Increased 1.2% Non-GAAP Diluted EPS from Continuing Operations Increased 21% to $0.41 GAAP Diluted EPS from Continuing Operations Increased 12% to $0.37 MINNEAPOLIS, 2015-11-20 — /EPR Retail News/ — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter (“Q3 FY16”) ended October 31, 2015 as compared to the […]

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Best Buy Co. Q2 FY16: Domestic Segment Revenue Increased 3.9% vs Q2 FY15

Domestic Segment Revenue Increased 3.9% Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49 GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46 MINNEAPOLIS, 2015-8-26— /EPR Retail News/ — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second […]

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Best Buy opens additional Teen Tech Centers in Seattle, Jersey City, New Jersey, Washington, D.C. and Denver

Washington, DC, 2014-10-22— /EPR Retail News/ — A 12-year-old aspiring inventor created a desk fan for his mom with parts from a broken PC and a cardboard box. Adding a single-throw switch, and wires for the circuit, the fan came alive. Beaming with pride, the boy started his own fan project with a completed prototype and […]

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