Nearly 40 high school students from Chicago got expert training from music industry professionals earlier this month during Best Buy's Grammy Camp Weekend. They got to learn songwriting, electronic music production and video production.
Company News
Best Buy – with some help from a national survey – has come up with lists of the top tech gifts for him, her, the kids and the whole family, to help you win the holiday and do it stress-free.
More and more Americans are indulging in “self-gifting” at the holidays, checking something off their own wish lists while out shopping for loved ones.
Today, on Human Rights Day, Best Buy released a new Human Rights Corporate Statement, strengthening our commitment to respect the rights of those who work for and shop at Best Buy.
Free holiday shipping is a great perk for shoppers this time of year but, sadly, there are people out there who will steal packages from doorsteps. Here are tips to make sure deliveries end up where they're intended.
Drones are generating a lot of buzz as one of this year’s hottest — and most talked about — holiday gifts for first-time fliers and avid aviators alike. Best Buy is the place to go for product selection and education.
While the holiday shopping season is in full-swing here in the U.S., there’s another crowd gathering in Paris for the global conference on climate change, also referred to as COP21. Best Buy’s Laura Bishop, vice president of Public Affairs & Sustainability, is there to represent our sustainability efforts.
Need help choosing between two TVs? Want to check the status of a recent order? Now you can get help that and more with BlueAssist, a new live-chat feature within the Best Buy mobile app.
Sometimes important data — from baby pictures to family videos to term papers — seems to go missing from your device. Before you panic, though, consider bringing it in to a Best Buy store for help.
![BestBuyiPad_Home[1]](https://corporate.bestbuy.com/wp-content/uploads/2015/11/BestBuyiPad_Home1-thegem-blog-default-large.png)
We’re making it easier than ever for you to use your iPad to shop for the hottest tech products this Holiday season. We’ve launched an enhanced app designed to be faster and easier for tablet use.
Domestic Segment Revenue Increased 1.2%
Non-GAAP Diluted EPS from Continuing Operations Increased 21% to $0.41
GAAP Diluted EPS from Continuing Operations Increased 12% to $0.37
MINNEAPOLIS, Nov. 19, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter (“Q3 FY16”) ended October 31, 2015 as compared to the third quarter (“Q3 FY15”) ended November 1, 2014.
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| Q3 FY16 | Q3 FY15 | |
| Enterprise Revenue ($ in millions)1 | $8,819 | $9,032 |
| Domestic segment | $8,090 | $7,992 |
| International segment1 | $729 | $1,040 |
| Enterprise Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 0.5% | 2.2%4 |
| Estimated benefit of installment billing3 | 0.3% | 0.7% |
| Comparable sales % change2 | 0.8% | 2.9%4 |
| Domestic Comparable Sales % Change: | ||
| Excluding the estimated benefit of installment billing2,3 | 0.5% | 2.4% |
| Estimated benefit of installment billing3 | 0.3% | 0.8% |
| Comparable sales % change2 | 0.8% | 3.2% |
| Comparable online sales % change2 | 18.3% | 21.6% |
| Q3 FY16 | Q3 FY15 | |
| Operating Income: | ||
| GAAP operating income as a % of revenue | 2.6% | 2.3% |
| Non-GAAP operating income as a % of revenue5 | 2.8% | 2.4% |
| Diluted Earnings per Share (EPS): | ||
| GAAP diluted EPS from continuing operations | $0.37 | $0.33 |
| Impact of non-restructuring SG&A charges6 | $0.02 | $0.02 |
| Impact of restructuring charges6 | $0.02 | $0.01 |
| Impact of gain on investments, net | $0.00 | ($0.01) |
| Income tax impact of Non-GAAP adjustments7 | $0.00 | ($0.01) |
| Non-GAAP diluted EPS from continuing operations5 | $0.41 | $0.34 |
Hubert Joly, Best Buy chairman and CEO, commented, “We have delivered another quarter of Domestic comparable sales growth and operating income expansion.
CDP released its S&P 500 Annual Report, including the Carbon Disclosure Leadership Index, in which Best Buy received the maximum score of 100. Adding to our “A” designation for our carbon reduction program, Best Buy achieved a perfect score.