best buy

Apple Upgrade Plus blog

14 Jun: Best Buy adds iPad Pro and Apple Watch Ultra to Upgrade+

Today, Best Buy is introducing even more products to its Upgrade+ program, powered by Citizens Pay®, making it easier than ever to experience Apple’s latest technology at unbelievable monthly prices.

Customers will now be able to get their hands on select models of iPad Pro and Apple Watch Ultra through the exclusive program, offering more flexibility to get the products that best fit their tech needs – and their budget. The program also includes the latest models of MacBook Air, MacBook Pro, iMac, Mac Studio and Mac mini.

Pride 2023 Employee Portraits

31 May: Vulnerability, shared experiences help employees build community at Best Buy

Allyship and connection are part of Best Buy’s DNA. For our colleagues who belong to the LGBTQIA+ community, these values are especially important and have a tremendous impact on their experience at work.

People and spaces, like our Pride Employee Resource Group, that offer allyship and connection can provide hope and help employees feel like they belong at Best Buy. EZ and Morgan are two employees who’ve inspired hope in their colleagues and contributed to Best Buy’s culture of inclusion by sharing their experiences and supporting others to live as their authentic selves.

Blog Q1FY24FinancialResults

25 May: Best Buy reports Q1 FY24 results

Comparable Sales Declined 10.1%

GAAP Diluted EPS of $1.11

Non-GAAP Diluted EPS of $1.15

FY24 Financial Guidance Remains Unchanged

MINNEAPOLIS, May 25, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 29, 2023 (“Q1 FY24”), as compared to the 13-week first quarter ended April 30, 2022 (“Q1 FY23”).

Click here to view full release and statements.

  Q1 FY24 Q1 FY23
Revenue ($ in millions)
Enterprise$9,467$10,647
Domestic segment $8,801$9,894
International segment$666$753
Enterprise comparable sales % change1(10.1)%(8.0)%
Domestic comparable sales % change1(10.4)%(8.5)%
Domestic comparable online sales % change1(12.1)%(14.9)%
International comparable sales % change1(5.5)%(1.4)%
Operating Income 
GAAP operating income as a % of revenue3.3%4.3%
Non-GAAP operating income as a % of revenue3.4%4.6%
Diluted Earnings per Share (“EPS”) 
GAAP diluted EPS$1.11$1.49
Non-GAAP diluted EPS$1.15$1.57

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.

FY23_TTC_TeenPortrait_DSC6940.psd

17 May: Best Buy mentorship ad campaign earns 2023 Halo Award

Best Buy is proud to announce our national ad campaign featuring Best Buy Teen Tech Centers™ was selected as the Best Social Impact Video in the 2023 Halo Awards from Engage for Good.

The Halo Awards recognize corporate social impact initiatives that show outstanding customer or employee engagement efforts. 

The “Mentor Moments” campaign launched last year with three short films featuring real teen/mentor pairs from three Teen Tech Centers. Director Rodney Lucas, story producer Bridget Botchway Bradley and photographer Akilah Townsend worked closely with the teens and adults to highlight the importance of positive mentoring relationships in helping teens achieve their dreams.

BBY + JA Volunteer Match blog

12 May: Best Buy volunteers help students prepare for financial future

Two Best Buy teams recently volunteered with nonprofit Junior Achievement to help the next generation learn about personal finances and business.  

Junior Achievement is dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their futures and make smart academic and economic choices. There are more than 100 local JA Areas across the United States.  

The internal audit team from the finance department spent half a day in South Saint Paul, Minnesota, with Junior Achievement North helping middle schoolers create mock budgets through JA Finance Park, an experiential learning program.

Best Buy Unveils My Best Buy Memberships™

11 May: Best Buy unveils My Best Buy Memberships™

New My Best Buy Plus™ tier is available June 27 and includes access to exclusive member prices and highly anticipated product releases, as well as free 2-day shipping and more for only $49.99/year1

MINNEAPOLIS—May 11, 2023. Today, Best Buy is unveiling a new suite of membership options — My Best Buy Memberships™ — that give customers more freedom to choose a membership that fits their technology needs, budget and lifestyle. One of these options includes a new tier, at a more affordable price, that offers exclusive prices and access to highly anticipated product releases.

AAPIHM 23 blog

01 May: These AAPI Best Buy leaders are dedicated to lifting others up

Editor’s Note: Best Buy is proud to celebrate Asian American and Pacific Islander (AAPI) Heritage Month. Read on for the stories of three of our employees. (Photo Credits, from left above: McKenna Walker, Gayathri Ramadoss, and Sasha Thomson)

Regardless of the job title, good leadership often comes down to building strong relationships and being an advocate for others.

Cheng Yang, Vidhya Subramanian and Scott Nishimura are three of our leaders who demonstrate this every day. Get to know them and discover how they lean on their cultural and personal experiences to support others at and outside of Best Buy.

ttc richfield blog

12 Apr: 10th Best Buy Teen Tech Center opens in Minnesota

We’re excited to celebrate a major milestone in Minnesota today with the opening of the state’s 10th Best Buy Teen Tech Center®, a program of the Best Buy Foundation. The new center, located at the Richfield Middle School Boys & Girls Club powered by Premium Retail, is the 53rd Teen Tech Center to open.

This year also marks the 10th anniversary of the foundation’s signature program, and Best Buy is committed to help build 100 Teen Tech Centers across the country by 2025.

Best Buy Technology Recycling Box blog

05 Apr: Best Buy launches nationwide Recycle-by-Mail Technology Boxes

New service makes electronic recycling easy and convenient for customers; ship everything from laptops, cords, tablets and more 

As the nation’s largest retail collector of e-waste, Best Buy has recycled 2.7 billion pounds of electronics and appliances 

Recycling your old electronics is about to become easier than ever. Best Buy is introducing a new nationwide, easy-to-use program that allows you to recycle all your old tech – by mail!

Starting this month, you can order a prepaid Best Buy Technology Recycling Box and ship off your old electronics for recycling.

energy star blog

28 Mar: ENERGY STAR names Best Buy as Partner of the Year for 10th year in a row

For the 10th consecutive year, Best Buy has been named an ENERGY STAR® Partner of the Year for the work we do every day to help our customers save energy. 

The U.S. Environmental Protection Agency (EPA) highlights organizations each year that have made outstanding contributions to protecting the environment through superior energy-efficiency achievements.  

We were awarded ENERGY STAR Partner of the Year for our efforts to protect the environment and help people conserve energy and money. This includes our wide selection of energy-efficient product offerings and becoming a founding member of the Breakthroughs 2030: Retail campaign, a Race to Zero initiative. 

best buy circular economy recycling blog

27 Mar: Repair, Reuse and Recycle – How Best Buy keeps products in use longer

As the nation’s largest seller of consumer electronics, we are committed to being there for the entire lifecycle of your technology products — from the time you start shopping at Best Buy until that product is responsibly recycled.  

This is all part of how we support the circular economy, a system in which nothing is wasted. For us that also means keeping products and materials in use as long as possible and finding alternatives to throwing them away. Through programs including Geek Squad repair or our haul-away services, we make it easy to give tech a second life and out of landfills.   

Yardbird blog

16 Mar: Yardbird to nearly double outdoor furniture showrooms this spring

Patio season is right around the corner and premium outdoor furniture brand Yardbird is expanding its showroom footprint by opening 10 new standalone showrooms across the country. Locations welcoming new showrooms include Atlanta, Boston, Charlotte, Cincinnati, Long Island, Milwaukee, San Antonio, San Francisco, Tampa and West Palm Beach.

Yardbird showrooms bring to life the possibilities for outdoor living and entertaining spaces by offering selections of sectional sofas, dining sets, lounge chaises, fire tables, umbrellas, accessories and more. In-house designers can also help customers decide on which furniture options are best.