Company News

11 Oct: 3 Lessons Learned From Recent Geek Squad Academy Season

I manage our Geek Squad Academy (GSA) program, and I love my job! GSA brings hands-on tech education to youth across the country with two-day summer camps, as well as afterschool workshops all year long.

This summer, our 11^th season, Geek Squad Academy brought 1,250 of our employees out to their communities to work with 4,800 Junior Agents. Classes included 3-D design, digital music, coding, programming and much more.

It was an amazing summer of tech education and exploration. Here are three lessons I learned:

1.

By John Vomhof Jr. Community Relations Company News Sustainability

04 Oct: Best Buy Volunteers Help 400 Students Build Computers

Jasmine Lankford opened the small orange box and removed the contents of the Kano computer kit. It contained an HDMI cable, speaker, wireless keyboard, HD display, battery and, most important, an instruction book.

Then, the eighth-grader spent the next hour building her own PC, step by step. “I love this. This is so awesome,” she said with a huge grin. “I’ve made my own computer!”

Jasmine was one of 300 students at Los Alisos STEM Magnet Middle School in suburban Los Angeles who built Kano computers Tuesday afternoon with help from more than 100 Best Buy employees from across the country.

By John Vomhof Jr. Company News

04 Oct: Best Buy Assured Living Lets Aging Parents Stay at Home

Did Mom lock the front door before going to bed? How has she been sleeping? Has she been staying active? Those and other questions had become more common for Britt Stanton, whose mom is 71.

“While she’s young at heart, she’s not as young as she used to be, and I start to worry about her,” said Britt, who works at Best Buy’s corporate office in Minneapolis.

She’s one of millions of Americans who balance caring for aging parents with raising their own children, working full-time jobs and fulfilling other obligations.

By Best Buy Company News

27 Sep: Hubert Joly Statement On Tax Reform

A statement from Best Buy Chairman and CEO Hubert Joly on tax reform.

“I am encouraged by the latest efforts by the Administration and Congressional leaders to advance corporate tax reform and the progress that has been made in recent months. For the first time in decades, the country has a real opportunity to achieve significant tax reform which will allow companies to reinvest in jobs, grow the economy and create opportunities for all Americans. We are ready to help pass tax reform this year.”

By John Vomhof Jr. Company News

22 Sep: 7 Questions with Shari Ballard, One of Fortune’s ‘Most Powerful Women’

Best Buy executive Shari Ballard once again has been named to Fortune magazine’s annual list of the “Most Powerful Women in Business.”

Shari ranks No. 33 on the prestigious list, up from No. 42 last year. Fortune points to her expanding responsibilities with Best Buy’s e-commerce business and the role she has played in the company’s turnaround.

Shari joined Best Buy in 1993 as an assistant store manager in Flint, Michigan. Now she’s the senior executive vice president and president of multichannel retail.

By Best Buy Company News PR News Alerts

19 Sep: Best Buy Investor Day Details ‘Best Buy 2020: Building the New Blue’ Growth Strategy

Discusses Insights from Successful ‘Renew Blue’ Transformation

Shares Details on Plans to Expand What It Sells and Evolve How It Sells

Provides Long-Term Financial Targets for Fiscal 2021

MINNEAPOLIS, September 19, 2017 – Best Buy Co., Inc. (NYSE:BBY), a leading provider of consumer electronics products and services, will host an investor conference this afternoon to provide a more detailed overview of its Best Buy 2020: Building the New Blue growth strategy and discuss the company’s long-term financial outlook.

Best Buy Chairman and CEO Hubert Joly and other members of the executive team will discuss key insights gained from the company’s successful Renew Blue transformation, share the company’s analysis of the strategic landscape in which it operates and provide a closer look at key growth initiatives.

By Suzanne Hilker Community Relations Company News Sustainability

15 Sep: Best Buy Named to Dow Jones Sustainability Index for 7th Year

Best Buy has been named to the Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year.

The indices are the official sustainability performance ranking of the largest 2,500 companies in the world. They follow a best-in-class approach to measure and compare companies on environmental, social and corporate governance criteria. The indices serve as a benchmarking tool for investors who incorporate sustainability performance into their portfolios.

This year, Best Buy increased its overall score, placing among the top 10 retailers in the world.

By Suzanne Hilker Community Relations Company News

14 Sep: Best Buy Brings Tech Support to Areas Affected by Hurricanes

Best Buy and our employees are helping residents in areas hit hard by Hurricanes Harvey and Irma stay connected with one another and their loved ones.

After basic needs have been met, communicating with family and friends, as well as having internet access to begin the recovery process, is the next essential. That’s why we’re partnering with relief organizations, such as the Salvation Army and American Red Cross, to bring technology to storm-ravaged communities. Best Buy’s product and monetary donations have totaled more than $1 million to date.

By Best Buy Company News

01 Sep: Best Buy CEO Signs Letter Supporting DACA

Best Buy Chairman and CEO Hubert Joly signed on to a letter Friday with hundreds of business leaders calling to preserve the program that keeps undocumented immigrants who came to the United States as youth from being deported. The letter also urges legislation for a permanent solution.

The Deferred Action for Childhood Arrivals (DACA) program allows 800,000 undocumented young adults and youth, known as “Dreamers,” to study and work in the United States.

“I join with business leaders from across the country in calling for the President and Congress to act in support of DACA and pass legislation that would offer a permanent answer to this important issue.

By Best Buy Company News

31 Aug: Best Buy Expands Same-Day Delivery Service

Sometimes you need that item that you bought on BestBuy.com today. You don’t have two days to wait for it to be delivered. And you don’t have time to get to a store.

Good news: Over the next few months, we’re tripling the number of metro areas where customers can get same-day delivery on BestBuy.com orders. In addition, we’ve expanded the number of products eligible for this service. Oh, and it will cost less.

“We have always wanted to help our customers get their purchases from Best Buy how and when they want them,” said Allison Peterson, president of BestBuy.com.

By Best Buy Company News PR News Alerts

30 Aug: Best Buy Statement on Water Pricing

First, this was clearly a mistake in a single store. We feel terrible about this because, as a company we are focused on helping, not hurting people affected by this terrible event. We are all deeply sorry that we gave anyone even the momentary impression that we were trying to take advantage of the situation.

Second, by way of explanation and not as an excuse: we don’t typically sell cases of water and don’t have pricing for it in our computer system.

By Best Buy Company News PR News Alerts

29 Aug: Best Buy Reports Better-than-Expected Second Quarter Results

Enterprise Comparable Sales Increased 5.4%

GAAP Diluted EPS of $0.67 Increased 20%

Non-GAAP Diluted EPS of $0.69 Increased 21%

MINNEAPOLIS, August 29, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 29, 2017 (“Q2 FY18”), as compared to the second quarter ended July 30, 2016 (“Q2 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17. (

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