Best Buy is proud to be named as one of Barron’s 100 Most Sustainable U.S. Companies for the sixth year in a row.
This year, we’re the top-ranked retailer, coming in at No. 7. We’ve ranked in the Top 10 since the list came out in 2018.
Barron’s looks at the 1,000 largest publicly held companies in the U.S. and ranks them on more than 230 performance indicators. This includes workplace diversity, carbon reduction, how companies performed for key stakeholders, community engagement and more.
MINNEAPOLIS and CHARLOTTE, N.C. (Mar. 7, 2023) — Atrium Health and Best Buy Health are combining their strengths to develop new hospital at home offerings that will enhance the patient experience of receiving hospital-level care in the home. The goal of the partnership is to enable providers to deliver high-quality care to patients in the comfort of their own homes, while helping reduce emotional and financial burdens on patients and caregivers.
This partnership takes advantage of Atrium Health’s leadership position in telemedicine, including a well-established hospital at home program, combined with a patient population of nearly 3 million people.
Best Buy Ads, Best Buy’s retail media network, is launching a self-service campaign platform called My Ads, that will make it easier than ever for brand and agency partners to purchase, plan, view and manage select campaigns.
Currently in pilot with seven partners, My Ads will initially offer self-service reporting for Onsite Display and Sponsored Products campaigns – meaning near real-time data from these campaigns will live on the My Ads platform. It will give partners detailed insights on their existing campaigns, as well as the option to view and download campaign results based on adjustable criteria like time, products, and campaign placements.
Technology is at the center of everything we do in our daily lives, and as that continues to be true, the role of technology within healthcare is becoming more important than ever before.
Today, consumers want to receive care in their own homes, and providers are rapidly looking for ways to incorporate digital tools into healthcare delivery to improve outcomes and experiences. That is where Best Buy Health comes in.
Best Buy Health enables care at home for everyone and to do that, we are focused on three key areas:
Comparable Sales Declined 9.3%
GAAP Diluted EPS of $2.23
Non-GAAP Diluted EPS of $2.61
Increased Quarterly Dividend 5% to $0.92 per Share
Expects FY24 Non-GAAP Diluted EPS of $5.70 to $6.50
MINNEAPOLIS, March 2, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”), as compared to the 13-week fourth quarter ended January 29, 2022 (“Q4 FY22”).
Click here to view full release and statements.
| Q4 FY23 | Q4 FY22 | FY23 | FY22 | |
| Revenue ($ in millions) | ||||
| Enterprise | $14,735 | $16,365 | $46,298 | $51,761 |
| Domestic segment | $13,531 | $14,993 | $42,794 | $47,830 |
| International segment | $1,204 | $1,372 | $3,504 | $3,931 |
| Enterprise comparable sales % change1 | (9.3)% | (2.3)% | (9.9)% | 10.4% |
| Domestic comparable sales % change1 | (9.6)% | (2.1)% | (10.3)% | 11.0% |
| Domestic comparable online sales % change1 | (13.0)% | (11.2)% | (13.5)% | (12.0)% |
| International comparable sales % change1 | (5.7)% | (3.8)% | (5.4)% | 3.3% |
| Operating Income | ||||
| GAAP operating income as a % of revenue | 4.1% | 4.9% | 3.9% | 5.9% |
| Non-GAAP operating income as a % of revenue | 4.8% | 5.1% | 4.4% | 6.0% |
| Diluted Earnings per Share (“EPS”) | ||||
| GAAP diluted EPS | $2.23 | $2.62 | $6.29 | $9.84 |
| Non-GAAP diluted EPS | $2.61 | $2.73 | $7.08 | $10.01 |
For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.
For the past decade, Best Buy has collected more than $160 million in donations for the annual St. Jude Thanks and Giving® campaign benefitting St. Jude Children’s Research Hospital®. We couldn’t do it without the continued generosity of our employees, customers and communities.
This holiday season was no exception. Our employees and customers went above and beyond, raising over $15 million at Best Buy store registers, online at BestBuy.com, on our app, during in-home service visits, and more. Since 2013, our communities have stepped up to support the children at St.
We’re excited to announce that for the third year, Best Buy customers will be able to join us in our mission to help teens build brighter futures through technology.
The main way we do this is by supporting the Best Buy Teen Tech Center® program, an initiative of the Best Buy Foundation. The program provides tools, training and mentorship so young people can discover their passions and pursue career and education goals.
Starting March 1, customers who make purchases in Best Buy stores, online, or on the app will be able to add a donation to the Best Buy Foundation in support of Teen Tech Centers.
Youth in Charlotte, N.C., will now have access to cutting-edge technology and training with the opening of the first Best Buy Teen Tech Center® in the state.
The Teen Tech Center, a program of the Best Buy Foundation, will be housed at the YMCA of Greater Charlotte and powered by Charlotte-based Atrium Health, a nonprofit health system. This year marks the 10th anniversary of the Best Buy Teen Tech Center program, making Charlotte the 52nd center to join the growing network across the country.
Best Buy has been named to the JUST 100 list for the third year in a row, and we’re proud to be the top retailer on the 2023 list.
The JUST 100 list evaluates and ranks nearly 1,000 of the largest publicly traded companies in the U.S. on such issues as how a company invests in its workers, supports its communities and minimizes environmental impact.
JUST Capital and its partners compile the annual list by polling 3,000 Americans to identify issues they think companies should focus on most.
Best Buy continually assesses and evolves ways to support our employees’ overall well-being — including those who find themselves in the most important role of all: caregiver. We have a suite of benefits to offer and are excited to announce the newest one available to all full-time and part-time employees. Meet Joshin.
Joshin is a support system for disability and neurodivergence in the workplace and life. It supports Best Buy employees, their families, and their teams through specialized care and navigation, 1:1 video coaching, and neurodivergent- and disability-focused self-service training.
This month, Best Buy Teen Tech Center® members from across the country will see their original artwork on display across a new line of PopSockets PlantCore™ grips. The collection features twenty-two phone grips, designed by teens, that are exclusively available online.
Through the Best Buy Foundation design program, youth worked alongside PopSockets professional mentors to create their very own PlantCore™ grip, an expanding and collapsing plant-based phone grip that functions as a stand and provides drop protection.
For the new capsule, teen members of the program were asked to center their creativity and design ideas around what “building brighter futures” means to them.
As a company, Best Buy aims to protect the environment, conserve natural resources, and prevent pollution. To do so, we continue to act year-round to do better for the planet, our employees, customers, and the communities we serve.
Since 2009, we have achieved major milestones in our sustainability programs by:
Over the past year, we have been recognized for our efforts.