Company News

Image showing mobile screens for Best Buy Drops.

26 Sep: Best Buy Introduces Best Buy Drops™

Drop what you’re doing and download the Best Buy App. Best Buy is unveiling a new experience today that gives shoppers a chance to access some of the biggest deals and coolest products of the holiday season — and it’s coming right to your mobile device. It’s called Best Buy Drops™.

This holiday season, Best Buy Drops is giving customers the opportunity to get their hands on exciting product releases, limited runs, launches and serious savings — all in real time.

Best Buy’s holiday sneak peek is here

19 Sep: Best Buy’s holiday sneak peek is here

Incredible savings start this October with special purchase rewards, exclusive sale events and a month filled with perks for My Best Buy Plus™ and My Best Buy Total™ members

The countdown to the holidays is here, and Best Buy is sharing the first look at how shoppers can expect to save, feel confident and stand out as an expert gift giver this season. This October, and throughout the holiday season, customers will experience Best Buy’s curated assortment of high-quality technology, huge savings, and more ways to shop and get expert advice than ever before.

How to shop at Best Buy in your local area

12 Sep: How to shop at Best Buy in your local area

We’re focused on providing a seamless shopping experience for our customers, no matter where or how they shop—in-store, online or, most often, a combination.

Everyone has different needs and preferences when they shop, especially for technology, which is why we have a variety of different experiences customers can take advantage of while shopping or looking for expert advice.

What does this mean exactly? For our stores, it means there’s no longer a “one size fits all” approach for every customer or community.

Best Buy Health and Geisinger blog

12 Sep: Best Buy Health and Geisinger expand work to improve chronic disease management at home

 Initial program with Best Buy’s Geek Squad resulted in quicker access to care, better adherence and more positive outcomes for chronic care patients

MINNEAPOLIS and DANVILLE, Pa. (Sept. 12, 2023) – Building on the success of delivering in-home care for patients with chronic conditions through Geek Squad, Best Buy Health and Geisinger announced today that they will expand their work together to bring a better level of care to more patients within the Geisinger network.

Geisinger launched its ConnectedCare365 chronic care management platform in 2021 and has since enrolled more than 1,100 patients in remote patient monitoring programs for chronic conditions like congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD), hypertension, and diabetes.

All the ways to get your tech from Best Buy

11 Sep: All the ways to get your tech from Best Buy

At Best Buy, we know our customers want to shop and get their tech on their own terms. That’s why we have a variety of different ways you can pick up that purchase or gift – conveniently and seamlessly.

Store Pickup

Know exactly what you’re looking for? Store Pickup makes it easy and is available at every Best Buy location. Customers can place an order on BestBuy.com or through the Best Buy app and most orders are ready for pickup within an hour.

11 Sep: Everything you need to know about My Best Buy Memberships™

We know customers value very different benefits when it comes to their technology. Earlier this year, we introduced My Best Buy Memberships, which gives customers more freedom to find a membership that fits their technology needs, budget and lifestyle.

Our collection of memberships includes My Best Buy™My Best Buy Plus™ and My Best Buy Total™ — three tiers built for customers who want convenience, value and access, and protection and support.Each membership option has a different set of benefits – ranging from members-only pricing and deals, access to exclusive sales and events, 24/7 tech support, product protection, free shipping and more – and at different price points.

Q2 FY24

29 Aug: Best Buy reports Q2 FY24 results

Comparable Sales Declined 6.2%

GAAP Diluted EPS of $1.25

Non-GAAP Diluted EPS of $1.22

MINNEAPOLIS, August 29, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 29, 2023 (“Q2 FY24”), as compared to the 13-week second quarter ended July 30, 2022 (“Q2 FY23”).

Click here to view full release and statements.

 Q2 FY24  Q2 FY23
Revenue ($ in millions)
Enterprise$9,583$10,329
Domestic segment$8,890$9,569
International segment$693$760
Enterprise comparable sales % change1(6.2)% (12.1)%
Domestic comparable sales % change1(6.3)% (12.7)%
Domestic comparable online sales % change1(7.1)% (14.7)%
International comparable sales % change1(5.4)%(4.2)%
Operating Income  
GAAP operating income as a % of revenue3.6%3.6%
Non-GAAP operating income as a % of revenue3.8%4.1%
Diluted Earnings per Share (“EPS”)  
GAAP diluted EPS$1.25$1.35
Non-GAAP diluted EPS$1.22$1.54

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

Back To School Products blog

09 Aug: Campus finds: tech you didn’t know you needed

Now that you’ve got the college basics down, let Best Buy offer some tips for getting to the head of the class.

Whether you’re commuting around campus, styling your dream dorm room or optimizing your  study sessions, check out this tech to help you achieve an A+ semester.

Study smart

reMarkable paper tablet

Forgo traditional note-taking frustrations and replace it with a tablet that looks and feels like paper, with unlimited virtual pages, special tags and folders to keep organized. Plus, reMarkable tablets are now available in select Best Buy stores too, so you can see them firsthand.

So this is how you install an app

07 Aug: Best Buy makes it easy to shop assistive technology products

A new landing page on BestBuy.com aims to make it easier for people with disabilities and their loved ones to shop for assistive technology products.

Now there’s a single place that pulls together a wide range of products to help make life easier, from hearing aids and walkers to adaptive controllers and voice-controlled tech.

“We wanted to make the shopping experience better so customers could find what they needed or discover products they never considered before,” said Rachel, experience designer and one of the project managers who brought the page to life.

BBY_Logo_Blog_BlueBackground

01 Aug: Best Buy appoints Dave Kimbell to Board of Directors

MINNEAPOLIS – Aug. 1, 2023. Best Buy Co., Inc. has appointed David C. Kimbell, a leading specialty retail executive, to its Board of Directors, effective immediately.

Dave Kimbell
Dave Kimbell

Kimbell is the Chief Executive Officer of Ulta Beauty, the largest specialty beauty retailer in the U.S., and has held the role since June 2021. He also sits on its Board of Directors. Since joining Ulta Beauty in 2014, he has served in leadership roles including President and Chief Merchandising and Marketing Officer.

lively plan update

25 Jul: Best Buy Health introduces enhanced Lively plans to support seniors

Best Buy Health’s goal is to enable care at home by building on our strengths in three focal areas, one of which is aging at home. Through this work we are supporting an aging generation and their families with simple, human-supported solutions.  

Today, we’re unveiling the latest updates to our Lively plans, so we can better help seniors stay connected, safe and healthy. These new plans highlight the impactful services the Lively caring teams provide to our customers every day.

back to school

25 Jul: Back to school 2023: Shop smart with Best Buy

It’s back-to-school season, and we’ve put together a study guide to help you shop the latest technology and accessories at Best Buy.

Whether in class or studying at home, you need the right tools to make the grade. Best Buy has you covered, from advice to savings on the latest and greatest products. We’re sharing our notes, so read on and build your shopping strategy.  

Back-to-school shopping essentials

We recommend starting with the basics and getting organized. Here are some tools to help you:

  • Student Hub: Our Student Hub is your destination for resources and inspiration.