Company News

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By Kirsten Morell Company News Sustainability

21 Feb: Barron’s, Fortune, CDP put Best Buy on prestigious lists

Best Buy is proud to be recognized by Barron’s, Fortune and CDP in their prestigious annual rankings of companies that lead in a variety of ways. These rankings reflect the ways Best Buy strives to enrich lives through technology by serving all stakeholders, including customers, employees, vendor partners, the communities in which we operate, the environment and shareholders.

Barron’s 100 Most Sustainable Companies in America

Best Buy came in at No. 5 on Barron’s 100 Most Sustainable Companies in America list for 2020, our third year in the top five.

By Jessica Moes Company News

10 Feb: Best Buy’s Career Pathways program propels teens to tomorrow’s careers — today

In New Orleans — a city steeped in music and the birthplace of jazz — a Best Buy Teen Tech Center is honoring the town’s rich musical tradition by helping up-and-coming artists shine. How? By giving them the tools to turn passion into profession.

Each week, Raymie Wolfe meets with a group of local teens and helps them take a deep dive into electronic music production, video creation and audio engineering. By following a curriculum developed through a partnership with the GRAMMY MUSEUM, the teens are able to earn industry-level certifications in audio production, as well as become proficient in using industry-standard tools and recording equipment.

By Best Buy Company News Exclude From Home Page PR News Alerts

17 Dec: In the nick of time: Best Buy’s here for last-minute shoppers

With convenient Store Pickup, shop online as late as 5 p.m. Christmas Eve to have gifts under the tree that night.

If you’re a bit more ahead of the game and want your order shipped directly to your home by Christmas Eve, you have until 10:30 a.m.

By Best Buy Company News Exclude From Home Page PR News Alerts

17 Dec: In the nick of time: Best Buy's here for last-minute shoppers

With convenient Store Pickup, shop online as late as 5 p.m. Christmas Eve to have gifts under the tree that night.

MINNEAPOLIS — DEC. 17, 2019. If you’re among the millions of Americans who still need to finish their holiday shopping, you still have plenty of time. Procrastinators across the country can shop on BestBuy.com until 5 p.m. on Christmas Eve to have gifts under the tree that night.
If you’re a bit more ahead of the game and want your order shipped directly to your home by Christmas Eve, you have until 10:30 a.m.

By Best Buy Company News

26 Nov: Best Buy Reports Better-Than-Expected Q3 FY20 Results

Enterprise Comparable Sales Increased 1.7%

GAAP Diluted EPS Increased 11% to $1.10

Non-GAAP Diluted EPS Increased 22% to $1.13

Raises Full-Year Non-GAAP Diluted EPS Guidance Range to $5.81 to $5.91

MINNEAPOLIS, November 26, 2019 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter ended November 2, 2019 (“Q3 FY20”), as compared to the 13-week third quarter ended November 3, 2018 (“Q3 FY19”).

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

By Best Buy Company News

25 Nov: We are Best Buy [Video]

It’s one of the busiest weeks of the year in retail and, at Best Buy, we show up as one team ready to help our customers – and one another.

By Bennett Ryynanen Company News

15 Nov: Best Buy Named A Top Employer for Historically Black Colleges and Universities

Best Buy is proud to rank No. 11 on the HBCU Connect’s list of the Top 50 Employers for HBCU Students and Graduates.

The list consists of reputable employers who were chosen based on excellent recruitment efforts from more than 100 of the country’s Historically Black Colleges and Universities (HBCU) schools.

Over the past year, Best Buy has held numerous on-campus hiring events and has used a variety of marketing channels, including email, online and print advertising, to recruit students and recent grads for internships and post-graduation opportunities.

By Kirsten Morell Company News Sustainability Uncategorized

14 Nov: Hubert Joly Links Business Purpose, Corporate Responsibility at BSR

A company’s ultimate purpose is to serve the common good, Best Buy Executive Chairman Hubert Joly said Wednesday at the annual conference of Business for Social Responsibility (BSR).

“The purpose of a company is not to make money,” he said. “It is to serve all of the stakeholders, including customers, employees, partners, vendors, the communities in which we operate, the environment and shareholders. The idea is that there is no trade-off, no need to choose between the various stakeholders.”

Hubert noted that businesses “do well by doing good” and that a company’s sustainability efforts are most impactful when they are connected to its business purpose and overall success.

By Suzanne Hilker Company News Sustainability

04 Nov: Best Buy Gift Cards Now 100% Paper

Just in time for the holiday season, Best Buy is proud to announce that 100% of our gift cards purchased in U.S. stores and online are now made of paper.

That means they’re recyclable in any curbside bin — a big win for the environment. We are one of only a handful of retailers to offer customers 100% paper gift cards.

This year we will have saved more than 70 tons of plastic from landfill (that’s the weight of about 35 cars)!

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Company News

Barron’s 100 Most Sustainable Companies in America

With convenient Store Pickup, shop online as late as 5 p.m. Christmas Eve to have gifts under the tree that night.

With convenient Store Pickup, shop online as late as 5 p.m. Christmas Eve to have gifts under the tree that night.

Enterprise Comparable Sales Increased 1.7%

GAAP Diluted EPS Increased 11% to $1.10

Non-GAAP Diluted EPS Increased 22% to $1.13

Raises Full-Year Non-GAAP Diluted EPS Guidance Range to $5.81 to $5.91

The new Best Buy Scholarship fund supports the pipeline of talent from Minnesota schools to areas of growth in tech-reliant careers.