Best Buy, Author at Best Buy Corporate News and Information

By Best Buy Lifestyle

02 Mar: Clear Face Coverings Make Big Impact For Hard-Of-Hearing Manager

When Dennis Parry learned that Best Buy would require face coverings for employees as a safety measure during COVID-19, he grew concerned.

Dennis is hard of hearing, and as a general manager, he relies on reading lips to communicate with employees and customers at his store in Easton, Pennsylvania. Face coverings would make that impossible.

“When I first heard about the change, I felt like I was going to be a hindrance to the team,” he said. “I wanted to make sure I’d be able to communicate with my staff.”

By Best Buy Lifestyle

02 Mar: ‘Notes From My Skin’: Film Amplifies Black Employees’ Voices

Best Buy videographer Ron Johnson created the documentary. It’s a collection of raw, personal stories from Black employees.

By Best Buy Lifestyle

02 Mar: Creating a space for young women to explore STEM

Giving youth — especially girls — access to tech education opportunities is important to Best Buy. We’re committed to closing the gender gap and helping train girls for the careers of the future.

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By Best Buy Lifestyle

25 Feb: Young women pursue dreams with help from Teen Tech Centers

Many teens have big dreams, and Best Buy Teen Tech Centers are helping make them a reality.

By Best Buy Company News

25 Feb: Best Buy Reports Q4 FY21 Results

Enterprise Comparable Sales Increased 12.6%

Domestic Comparable Online Sales Increased 89.3%

GAAP Diluted EPS Increased 9% to $3.10

Non-GAAP Diluted EPS Increased 20% to $3.48

Quarterly Dividend Increased 27% to $0.70 per Share

MINNEAPOLIS, February 25, 2021 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended January 30, 2021 (“Q4 FY21”), as compared to the 13-week fourth quarter ended February 1, 2020 (“Q4 FY20”).

(Click here to view full release and statements.)

Revenue ($ in millions)	Q4 FY21	Q4 FY20	FY21	FY20
Enterprise	$16,937	$15,196	$47,262	$43,638
Domestic segment	$15,400	$13,848	$43,293	$40,114
International segment	$1,537	$1,348	$3,969	$3,524
Enterprise comparable sales % change¹	12.6%	3.2%	9.7%	2.1%
Domestic comparable sales % change¹	12.4%	3.4%	9.2%	2.3%
Domestic comparable online sales % change¹	89.3%	18.7%	144.4%	17.0%
International comparable sales % change¹	14.9%	1.6%	15.0%	(0.5)%
Operating Income
GAAP operating income as a % of revenue	6.1%	6.4%	5.1%	4.6%
Non-GAAP operating income as a % of revenue	6.9%	6.5%	5.8%	4.9%
Diluted Earnings per Share (“EPS”)
GAAP diluted EPS	$3.10	$2.84	$6.84	$5.75
Non-GAAP diluted EPS	$3.48	$2.90	$7.91	$6.07