Company News

Passion-Projects-blog

20 Feb: Video series follows Teen Tech Center youth pursuing passions: VRtual Art

We’re excited to introduce “Passion Projects,” a video series that shares the stories of teens who are not just dreamers but doers. Fueled by the support of dedicated mentors, these young talents are turning self-assigned projects into achievements.

Youth across the United States are unlocking these opportunities through Best Buy Teen Tech Centers™, a program of the Best Buy Foundation™. Teen Tech Centers are a network of creative, youth-centered community hubs where teens can engage with the latest technology, learn real-world career skills and interact with safe and supportive mentors.

CDP 2023 blog

06 Feb: For seventh year, Best Buy makes CDP’s Climate A List

Best Buy is proud to be named to CDP’s prestigious Climate A List for the seventh consecutive year.

We have been credited as a leader by CDP for our efforts tackling climate change and accelerating our environmental goals. This year’s recognition is based on our actions to cut emissions, mitigate climate risks and drive a low-carbon economy.

“Doing our part to create a more sustainable future is the right thing to do for our business, our communities and our planet,” said Tim Dunn, Best Buy’s head of environmental sustainability.

Indy TTC Prototype _blog

18 Jan: Teens pitch invention to tech leaders in Silicon Valley

On the surface it doesn’t look like much, but a prototype device held together by duct tape and anchored with plastic bottles could solve a problem that’s been plaguing an Indianapolis community for decades.

The device earned a group of teenagers from the Best Buy Teen Tech Center® powered by Klipsch at the Martin Luther King Community Center in Indianapolis a trip to Silicon Valley. They designed the prototype filtration device to filter water at Belmont Beach. The beach is polluted with sewer and storm runoff water and for years was a dumping ground for industrial chemicals and slaughterhouse waste.  

Best Buy Health logo

27 Dec: A Year in Review: Best Buy Health in 2023

Best Buy Health in 2023 continued to make exciting progress, making waves with a series of groundbreaking announcements that promise to accomplish our goal of enabling care in the home for everyone.

New strategic partnerships

This year, Best Buy Health announced several strategic partnerships with renowned healthcare providers across the country. Through this work, we’re leveraging our expertise in omnichannel, supply chain, Caring Center support and services, in-home support and our ability to connect patients and physicians. By joining forces with clinical leaders in the industry, we continue to demonstrate that we are a driving force behind the fusion of technology and healthcare.

Best Buy customer checking out at cash register.

13 Dec: Let Best Buy help you wrap up your holiday shopping

Still looking for that perfect gift for the last few names on your shopping list? Just getting started? No matter where you’re at in your holiday shopping, Best Buy is here to help at the last minute. Find the perfect present, save money and get your gifts in time. 

Last-minute savings events

Mark your calendars and get ready to score some great late-season deals.

Our Apple Sales Event starts Dec. 14 with tons of deals on a variety of products, including select iPhone models, AirPods, iPad, Apple Watch, accessories, and more.

Q3FY24

21 Nov: Best Buy reports Q3 FY24 results

Comparable Sales Declined 6.9%

GAAP Diluted EPS of $1.21

Non-GAAP Diluted EPS of $1.29

MINNEAPOLIS, November 21, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended October 28, 2023 (“Q3 FY24”), as compared to the 13-week third quarter ended October 29, 2022 (“Q3 FY23”).

Click here to view full release and statements.

 Q3 FY24 Q3 FY23
Revenue ($ in millions)
Enterprise$9,756$10,587
Domestic segment$8,996$9,800
International segment$760$787
Enterprise comparable sales % change1(6.9)%(10.4)%
Domestic comparable sales % change1(7.3)%(10.5)%
Domestic comparable online sales % change1(9.3)%(11.6)%
International comparable sales % change1(1.9)%(9.3)%
Operating Income 
GAAP operating income as a % of revenue3.6%3.4%
Non-GAAP operating income as a % of revenue3.8%3.9%
Diluted Earnings per Share (“EPS”) 
GAAP diluted EPS$1.21$1.22
Non-GAAP diluted EPS$1.29$1.38

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

Blog_FY24_HolidayLaunch_B

15 Nov: Best Buy’s Black Friday Sale begins Nov. 17

Find the perfect holiday gift and save big with thousands of deals for everyone — and even deeper discounts for My Best Buy Plus™ and My Best Buy Total™ members.

Break out the holiday wish list and get ready to shop some big savings: Our Black Friday Sale is nearly here.

The sale officially starts this Friday, Nov. 17, when customers will find thousands of deals on this season’s hottest items, including TVs, headphones, laptops, electric scooters, skincare devices, small appliances and more.

Best Buy Health x Mass General Brigham

08 Nov: Best Buy Health and Mass General Brigham collaborate to meet patients’ growing Healthcare at Home needs

MINNEAPOLIS AND BOSTON (Nov. 8, 2023) — Best Buy Health and Mass General Brigham are collaborating to support a new model of healthcare delivery that serves patients where they want to be — at home. Together, they will develop solutions to support the transformational movement of shifting healthcare to patients’ homes by improving how quality and safe care are provided with technology and clinical expertise. Their first priority is to scale and support Mass General Brigham’s Home Hospital. This technology-enabled clinical delivery model will expand access to Massachusetts residents choosing to receive acute-level hospital care in the comfort of their home.

livestream holiday shopping events

01 Nov: Best Buy kicks off series of livestream holiday shopping events

Mark your calendars and get ready to unwrap even more inspiration this holiday season: We’re hosting a series of live online shopping events throughout November! Discover the perfect gift alongside other shoppers as our experts answer your gifting questions. The best part? If you like what you see, you can buy it live, without missing a moment of the show.  

On Nov. 1, 8 and 15, we’ll be teaming up with TalkShopLive, a live shopping platform, for three special holiday events.

You Found Perfect

01 Nov: Best Buy holiday ad campaign: You Found Perfect 

To help spread a little magic this season, we’re sharing a first look at our holiday ad campaign. It shows customers how they can shop confidently and stand out this year with Best Buy — whether it’s by giving the perfect gift, finding the perfect deal or deciding what perfect means to them.  

These moments are brought to life in our holiday ad campaign through fun and easy shopping experiences, discovering new tech and great deals, and experiencing the joy of giving the perfect gift.  

FY24_HolidayPromoCalendarPreview

17 Oct: Best Buy reveals holiday calendar, early Black Friday deals for everyone start Oct. 30 

Shop confidently all season long with a full lineup of sales events, ways to discover the coolest tech and get expert gifting advice 

The holiday excitement is snowballing at the tech playground. Today, we announced our full lineup of can’t-miss holiday shopping dates, beginning with Black Friday Early Access for Members on Oct. 27 and Early Black Friday Deals for Everyone on Oct. 30.  

The calendar is packed full of savings events and to help you get ready, we launched our Holiday Gift Center — a destination to explore and discover new and innovative tech, find endless inspiration from creative and curated gift lists, and connect with Virtual Sales Experts. 

A man stretching with a continuous glucose monitoring system device on his arm.

09 Oct: Best Buy to sell continuous glucose monitoring systems

Best Buy will soon offer a convenient way for eligible customers to get prescription continuous glucose monitoring systems (CGMs) delivered right to their home.

Facilitated by Wheel, a leading virtual care platform focused on delivering consumer-centric care and HealthDyne, a pharmacy technology provider, Best Buy will sell the Dexcom G7 Continuous Glucose Monitoring System to eligible customers through BestBuy.com, where they will be brought to our new platform, Wellness.BestBuyHealth.com to complete the process. Leveraging the Salesforce platform, Best Buy is selling glucose monitors via a site powered by Commerce Cloud.