Best Buy

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By Best Buy Technology

15 Sep: Best Buy Announces Exclusive Offers For Fitness+: A New Fitness Experience With Apple Watch

Beginning today, when you purchase an eligible Apple Watch from Best Buy, you are eligible to get six months to use Apple Fitness+ for free. In addition, My Best Buy members who already own a qualifying Apple Watch will receive two months of Fitness+ free[1].

Fitness+ is the first fitness experience built for Apple Watch, arriving later this year. Fitness+ intelligently incorporates metrics from Apple Watch for users to visualize right on their iPhone, iPad or Apple TV, offering a first-of-its-kind personalized workout experience.

By Best Buy Lifestyle

08 Sep: Teen Tech Center Coordinator’s Journey Comes Full Circle

The Brooklyn Public Library system in New York has played a special role in Nadine Cabrera’s life.

She got a part-time job at the Bay Ridge Library when she was 15 years old, helping visitors check out and return books. Then, in March 2019, a new Best Buy Teen Tech Center opened at the Kings Highway Library, and Nadine was hired to run it.

“I never had specific career goals. I just wanted a job that would allow me to keep a roof over my head,” she said.

By Best Buy Company News

08 Sep: Intern Program Creates Pathways, Access To Tech Careers

The youngest of six siblings, Jaime Flores was the only one in his family born in the United States. And he’ll be the first to pursue a college degree.

He spent his senior year of high school interning at Best Buy as part of our partnership with Genesys Works, an organization that provides career pathways for high school students from disinvested communities.

It’s been a valuable opportunity for him to work at a Fortune 500 company, as he prepares to pursue a career in mechanical engineering.

By Best Buy Geek Squad Lifestyle

02 Sep: Geek Squad Manager Helps WWII Vet Get Reconnected

Kelvin Tolston lives every day like it could be his last because one day it almost was.

He was hit by a drunk driver 10 years ago, and the wreck almost cost him his life. He was put in a medically induced coma and lost sight in his right eye.

For Kelvin, every moment matters — and the Geek Squad manager brings that philosophy to how he treats customers, too.

“I’ve been through times I needed people to do stuff for me I couldn’t do for myself,” he said.

By Best Buy Company News

25 Aug: Best Buy Reports Q2 FY21 Results

Enterprise Comparable Sales Increased 5.8%

Domestic Comparable Online Sales Increased 242%

GAAP Diluted EPS Increased 85% to $1.65

Non-GAAP Diluted EPS Increased 58% to $1.71

MINNEAPOLIS, August 25, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended August 1, 2020 (“Q2 FY21”), as compared to the 13-week second quarter ended August 3, 2019 (“Q2 FY20”).

(Click here for a PDF version. Click here to view full release and statements.)


Revenue ($ in millions)	Q2 FY21	Q2 FY20
Enterprise	$9,910	$9,536
Domestic segment	$9,128	$8,821
International segment	$782	$715
Enterprise comparable sales % change¹	5.8%	1.6%
Domestic comparable sales % change¹	5.0%	1.9%
Domestic comparable online sales % change¹	242.2%	17.3%
International comparable sales % change¹	15.1%	(1.9)%
Operating Income
GAAP operating income as a % of revenue	5.7%	3.3%
Non-GAAP operating income as a % of revenue	5.9%	4.0%
Diluted Earnings per Share (“EPS”)
GAAP diluted EPS	$1.65	$0.89
Non-GAAP diluted EPS	$1.71	$1.08

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

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By Best Buy Company News

19 Aug: Best Buy Recognized For Leading With Inclusion

Best Buy is proud to be among 98 companies named to the 2020 Diversity Best Practices Inclusion Index.

We’re one of just two retailers on the index, which helps us understand trends and gaps in demographic representation within our organization.

“I believe everyone should have an equal opportunity to achieve their dreams and be provided with access to resources and the support to do so,” said Amelia Hardy, vice president of inclusion and diversity. “Best Buy is committed to becoming one of the best places to work by creating space and experiences to allow employees, customers and communities to succeed.”

By Best Buy Company News Sustainability

14 Aug: The Buzz On Best Buy’s Beehives

Bees are an essential part of our food supply, pollinating more than one-third of the world’s crops. And Best Buy is committed to playing a small role in helping them thrive.

For the past three years, we have partnered with groups in the Minneapolis-St. Paul area to sponsor two beehives, each buzzing with about 70,000 honeybees.

The hives are part of Best Buy’s broader efforts to positively impact the world.

“Sponsoring these beehives is a great example of how we partner with others in the community to promote environmental sustainability,” said Tim Dunn, Best Buy’s head of environmental sustainability.

By Best Buy Lifestyle

11 Aug: Gamers Embrace Online Connections During Pandemic

As many people struggled with how to remain socially connected during a time of social distancing, Phillip England found solace in the fictional worlds — and real-life connections — of online gaming.

For Phillip, a Geek Squad Agent in Arizona, that wasn’t a big change from his routine prior to COVID-19. The avid gamer would regularly conquer missions on Arma 3, a military game that led him to collaborate with players from around the world, many of whom he now calls friends.

By Best Buy Lifestyle

04 Aug: New Dad Finds Support At Best Buy

When Jacob Carroll took a seasonal job in asset protection right out of high school, he didn’t think he’d be at Best Buy 10 years later.

He’s worked in asset protection, warehouse roles, the home theater department, Geek Squad and as a market trainer, traveling to 27 states along the way. Now he’s back home in Monroe, Louisiana, working as an in-home design manager.

“I bleed blue. That’s for sure,” he said.

Through the years, Jacob has grown professionally — and he’s grown his family, too.

By Best Buy Company News

28 Jul: Recognized By Forbes — And Employees — As A Best Employer For Women

Brandy Cardozo, the general manager at our Best Buy store in Melbourne Beach, Florida, remembers the exact moment a fire was lit in her to become a strong female leader.

She was working for a different retailer at the time, when her boss came up to her and said, “I don’t know why you’re working so hard. Your kind never gets promoted.” He was talking about women.

She eventually did get promoted, but one day she looked around and realized how discouraged she was by being the only woman in the room of male leaders.

By Best Buy Lifestyle

24 Jul: Celebrating 30 Years Of Accessibility

July 26 marks the 30^th anniversary of the Americans with Disabilities Act (ADA), a civil rights law that makes sure that people with disabilities have the same rights and opportunities as everyone else. The ADA prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation and all public and private places that are open to the general public.

Rosa Companioni started experiencing an array of health issues just as she was starting to take her Best Buy career to the next level.

By Best Buy Company News

21 Jul: Best Buy Provides Updates On Evolution Of Employee Pay And Sales Performance

Increasing Starting Hourly Wage to $15 on Aug. 2

Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year

Sales Up Approximately 15% Compared to Last Year Since Stores
Re-opened for Customer Shopping

MINNEAPOLIS, July 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced updates related to employee pay evolution and Q2 FY21 quarter-to-date sales performance.

Employee Pay Evolution

The company is raising the starting hourly wage for all Domestic employees to $15 effective Aug. 2.

“Strong consumer demand, combined with shopping experiences that emphasize safety and convenience, has helped produce our sales results to date,” Best Buy CEO Corie Barry said.

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Best Buy

Enterprise Comparable Sales Increased 5.8%

Domestic Comparable Online Sales Increased 242%

GAAP Diluted EPS Increased 85% to $1.65

Non-GAAP Diluted EPS Increased 58% to $1.71

Increasing Starting Hourly Wage to $15 on Aug. 2

Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year

Sales Up Approximately 15% Compared to Last Year Since StoresRe-opened for Customer Shopping

Employee Pay Evolution

Sales Up Approximately 15% Compared to Last Year Since Stores
Re-opened for Customer Shopping