Company News

By Kirsten Morell Company News

18 Jan: Best Buy Supports Bill to Help Prevent Gift Card Fraud

Best Buy is supporting a new bipartisan bill in Congress that aims to prevent gift card fraud.

The Stop Senior Scams Act (S. 149), introduced by U.S. Sens. Bob Casey (D-PA) and Jerry Moran (R-KS), is designed to help raise awareness about gift card scams and other types of fraud and prevent seniors from becoming innocent victims.

“The more we can help shine a light on these scams and how they work, the more likely we are to stop them before they happen,” said Todd Hartman, Best Buy’s chief risk and compliance officer.

By Best Buy Company News

14 Jan: Best Buy CEO Hubert Joly talks leadership at NRF Big Show

NEW YORK – IQ is overrated in business. But EQ, the abbreviation for emotional quotient, is vital for being a leader.

That was part of the message shared Sunday by Best Buy Chairman and CEO Hubert Joly at the National Retail Federation Big Show in New York.

Speaking as part of series of moderated conversations with CEOs entitled Company Conscience: Leading with Conviction, Joly talked about the importance of purposeful leadership.

“Defining what to do from a business standpoint isn’t that difficult.

By John Vomhof Jr. Company News

26 Dec: New PSA warns consumers of gift card fraud

Everyone loves gift cards — even scammers.

That’s why Best Buy is teaming with AARP and the National Association of Attorneys General (NAAG) to launch a campaign aimed at raising public awareness around gift card fraud.

As gift cards have gained popularity in recent years, there’s also been a rise in criminals trying to trick consumers out of their money. These scams are always evolving, but a common version asks victims to use gift cards to pay legal fees, bail, taxes or other “urgent” expenses.

By John Vomhof Jr. Company News Exclude From Home Page

23 Dec: It’s not too late to find a great gift at Best Buy

Don’t worry, procrastinators. It’s not too late to score the perfect gift for everyone on your holiday shopping list. (And no, you don’t have to settle for shopping at your local gas station.)

Whether you’re checking the final items off your list or just getting started — we’re looking at you, dudes — Best Buy still has lots of great options available.

Best Buy stores are open 7 a.m. to 6 p.m. on Monday, Dec. 24 (Christmas Eve). And you can order online at BestBuy.com

By Best Buy Company News

19 Dec: Best Buy Appoints Eugene A. Woods to Board of Directors

Best Buy Co., Inc. (NYSE:BBY) today announced that Eugene A. Woods, a leading health care executive, has been appointed to its Board of Directors, effective immediately.

Woods is president and CEO of Atrium Health (formerly known as Carolinas HealthCare System), one of the nation’s most comprehensive, highly integrated and innovative health care systems. Atrium operates 44 hospitals and more than 900 care locations, ranging from physician offices and behavioral health centers to nursing homes. The Charlotte, North Carolina-based company has annual revenue of nearly $10 billion and is responsible for more than 11.5 million patient interactions each year.

By John Vomhof Jr. Company News

17 Dec: Best Buy adds Backup Child Care for employees

Fresh off maternity leave, Lanette Johnson found herself in a bind one day last year.

It was going to be a big day at work, and she didn’t want to feel like she was letting her team down. But the new mom didn’t have anyone to watch 4-month-old Logan. Day care had pushed back his start date, and family members who had been pitching in to help were unavailable that day.

So, Lanette — a department manager at our Best Buy store in Arlington, Virginia — brought Logan along for what became an unofficial “bring your child to work” day.

By Best Buy Company News

13 Dec: Seattle customer makes big St. Jude donation at Best Buy

A frequent customer amazed employees at a Seattle-area Best Buy this week by making a huge donation to the St. Jude Children’s Research Hospital Thanks and Giving campaign.

On Tuesday, tech entrepreneur and businessman Dave Anastasi was buying gifts at the store in Issaquah, Washington, to donate to another organization. Then he decided to spread even more joy. Dave showed up the next day with a $25,000 check for St. Jude.

“Believe in miracles because they do happen,” Dave said. “They [the kids at St.

By Best Buy Company News

30 Nov: Need help with your gift list? Best Buy can help

It’s a good feeling to know you nailed it when giving the perfect gift to someone special.

Sometimes you know exactly what they’ll want. Other times you need a little help.

That’s why we have the Gift Center on BestBuy.com dedicated to helping you find the right gift for everyone on your list. And new this year, we’ve added a Gift Finder tool to help you narrow things down.

“We curate a bunch of different gift ideas for all the different people on your list, whether it’s different individuals in your family, age ranges of kids, or for different lifestyle needs,” said Allison Peterson, Best Buy’s president of e-commerce.

By Best Buy Company News PR News Alerts

29 Nov: Mark Your Calendars: Best Buy Unveils 20 Days of Doorbusters

Between Saturday, Dec. 1, and Thursday, Dec. 20, one of 20 secret doorbusters will be revealed each day on favorite brands like Apple, Samsung, Dyson and Microsoft.

Each doorbuster is guaranteed to be the lowest price of the season, so customers don’t need to worry about missing out on a better deal.

MINNEAPOLIS – Nov. 29, 2018 – Let the countdown begin. Starting this Saturday, shoppers won’t need to worry about finding the best deal as Best Buy kicks off 20 Days of Doorbusters.

By John Vomhof Jr. Company News

21 Nov: Best Buy Helping Employees, Communities Affected by California Wildfires

Like the rest of the country, we are deeply saddened by the impact the deadly wildfires have had on our employees, customers and communities in California. Our thoughts are with all those who have been affected.

Thankfully, all our employees in the affected areas have been accounted for. However, at least seven of them have lost their homes, and many more remain under mandatory evacuation orders.

The store in Chico closed for two-and-a-half days during the fire to accommodate employees who were dealing with evacuations and ensure their safety amid extremely poor air quality.

By Best Buy Company News

20 Nov: Best Buy Reports Better-than-Expected Q3 FY19 Results

Enterprise Comparable Sales Increased 4.3%

GAAP Diluted EPS Increased 27% to $0.99

Non-GAAP Diluted EPS Increased 19% to $0.93

Closes acquisition of GreatCall

Raises FY19 Financial Guidance

MINNEAPOLIS, November 20, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended November 3, 2018 (“Q3 FY19”), as compared to the third quarter ended October 28, 2017 (“Q3 FY18”).

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

	Q3 FY19	Q3 FY18
Revenue ($ in millions):
Enterprise	$9,590	$9,320
Domestic segment	$8,756	$8,491
International segment	$834	$829
Enterprise comparable sales % change	4.3%	4.4%
Domestic comparable sales % change	4.3%	4.5%
Domestic comparable online sales % change	12.6%	22.3%
International comparable sales % change	3.7%	3.8%
Operating Income:
GAAP operating income as a % of revenue	3.4%	3.8%
Non-GAAP operating income as a % of revenue	3.5%	3.7%
Diluted Earnings per Share (“EPS”):
GAAP diluted EPS	$0.99	$0.78
Non-GAAP diluted EPS	$0.93	$0.78

For GAAP to non-GAAP reconciliations, please refer to the attached supporting schedule titled Reconciliation of Non-GAAP Financial Measures.

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