Best Buy is looking for nonprofits and other organizations who want to partner in giving youth the opportunities to develop tech skills that will inspire future education and career choices.
Groups are invited to submit an application to host a Geek Squad Academy camp this summer.
Now in its 10th season, Geek Squad Academy from Best Buy partners with local organizations to expose students ages 10-18 to the latest technology in a fun, interactive setting. But this isn’t your average camp.
Domestic Revenue Decreased 0.8%
Repurchased $203 million in Stock for a Year-to-Date Total of $588 million
Improving the Fourth Quarter Operating Margin Outlook
MINNEAPOLIS, Jan. 14, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 2, 2016 as compared to the nine weeks ended Jan. 3, 2015. PDF version.
| Fiscal 2016 Holiday Revenue Summary | 9 weeks ended January 2, 2016 | 9 weeks ended January 3, 2015 |
| Enterprise Revenue ($ in millions)1 | $10,961 | $11,366 |
| Domestic segment | $10,050 | $10,132 |
| Domestic segment year-over-year revenue change | (0.8%) | 4.1% |
| International segment1 | $911 | $1,233 |
| Enterprise Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | (1.4%) | 1.8%4 |
| Estimated benefit of installment billing3 | 0.2% | 0.7% |
| Comparable sales % change2 | (1.2%) | 2.5%4 |
| Domestic Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | (1.4%) | 2.6% |
| Estimated benefit of installment billing3 | 0.2% | 0.8% |
| Comparable sales % change2 | (1.2%) | 3.4% |
| Comparable online sales % change2 | 12.6% | 13.4% |
Hubert Joly, Best Buy chairman and CEO, commented, “During the holiday period, Domestic revenue declined 0.8% against a backdrop where the NPD-reported categories were down a greater-than-expected 4.8%5.