Company News

Big Game Food at Best Buy

28 Jan: What’s a Big Game Party without Delectable Food?

No matter who’s competing in the Big Game, one thing that always brings football fans together is good food and tasty beverages.

This year, borrow from the plate of Big Game host city Phoenix to satisfy everyone’s appetite. No matter where you live or what team you root for, Phoenix can inspire your menu and small appliance helpers like these can help you create the tastiest selections:

Slow-cooker The best way to start off the game Phoenix-style is with a good black bean soup.

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27 Jan: Best Buy Manager Scores Front-Row Reporting Seats to NASA Rocket Launch

James Quandahl’s love of technology and passion for inspiring others helped him score a spot to watch and report on a NASA rocket launch this week. Seriously.

Quandahl, 27, is the Best Buy assistant manager at the Farmington Hills, Michigan, store and he’s also one of 50 social media reporters whose application to cover a satellite launch at the Vandenberg Air Force Base in southern California was approved by NASA.  For two days this week, James will be live-tweeting his front-row seat experience of the event — follow him on @JamesQuandahl.

Academy Awards

15 Jan: Get Properly Prepared for the Academy Awards

Your mom won’t stop talking about it. Your boss won’t stop talking about it. Even that guy you met on Tinder won’t stop talking about it. The 87th Academy Awards are so close you can almost taste them.

Whether you caught cinema fever or you’re just in the mood for binge-watching great movies all weekend, Best Buy is here to help you get properly prepared for the biggest night in film as Oscar nominations were just announced today.

Want to see what the fuss is all about?  

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15 Jan: Best Buy Reports Increase in Holiday Revenue

Enterprise revenue increased 2.1%

Domestic comparable sales increased 2.6%, excluding the

benefit of mobile phone installment billing

 

MINNEAPOLIS — Jan. 15, 2015 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 3, 2015, as compared to the nine weeks ended January 4, 2014, excluding revenue from the Five Star business in China. As announced on December 4, 2014, the company entered into a definitive agreement for the sale of its Five Star business in China and expects to include its results in discontinued operations beginning in Q4 FY15.

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09 Jan: Protect Your Tech Gear from the Winter Elements

For many of us, the polar vortex is back. Not a fan of the frigid temps? You’re not alone – chances are your tech gear feels the same way.

Drastic changes in temperature – as you switch between indoors and outdoors – can do some damage to screens and other parts of your gadgets. Be proactive and keep your gear safe and happy this winter with these tips from Geek Squad: 

Do:

  1. Use a protective case for your gear: Most of us keep our cell phones in our pockets or purses, which lowers the chance of harm, but it’s always better to be safe than sorry.

07 Jan: New Year’s Resolutions Made Easy with Wearable Tech

Jawbone UP MOVE
Have you made your New Year’s resolution yet? There’s a good chance it includes exercise. According to a University of Scranton study, getting fit is consistently one of the top five most common resolutions but only eight percent of us are successful in keeping them. Since resolutions are hard to stick to, Best Buy has a ton of wearable tech options that will keep you on track into the rest of 2015.

By now, you’ve probably seen or heard about a number of new wearable devices, including activity trackers.

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04 Dec: Best Buy to Sell its Five Star Business in China

MINNEAPOLIS –  Dec. 4, 2014 –  Best Buy Co., Inc. (NYSE:BBY) today announced that it has entered into a definitive agreement for the sale of its Five Star business to the Jiayuan Group, a prominent China-based real estate firm led by Chairman Yuxing Shen. This sale does not affect Best Buy’s private label operations in China.

“Over the last two years we have worked to improve our business in China and are proud of the progress we have made there,” said Hubert Joly, president and chief executive officer of Best Buy.

28 Nov: 5 Cyber Monday Tips: Keep Your Digital Data Safe

Online shopping has become a popular trend during the holiday season, for obvious reasons. Why go to the store when you can shop in your PJs? Although super convenient, this option can potentially put your personal information at risk.

Here are five great safety tips to help you get that special gift delivered to your door and avoid a bill filled with fraudulent charges.

  1. Secure that network. A secure connection to the Internet is key in preventing unauthorized access to your information.
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20 Nov: Best Buy Announces Fiscal Third Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.32

GAAP diluted EPS from continuing operations of $0.30

$65 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $965 million

 

MINNEAPOLIS, November 20, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter (“Q3 FY15”) ended November 1, 2014, as compared to the 13-week third quarter (“Q3 FY14”) ended November 2, 2013.

 

Revenue Q3 FY15 Q3 FY14
Revenue ($ in millions) $9,380 $9,327
Comparable sales % change1,2 2.2% 0.3%
       Domestic Segment:
   Comparable sales % change 3.2% 1.8%
   Comparable online sales % change 21.6% 15.1%
       International Segment:
   Comparable sales % change (3.0%) (6.4%)

 

Operating Income Q3 FY15 Q3 FY14
GAAP operating income as a % of revenue 2.0% 1.0%
Non-GAAP operating income as a % of revenue3 2.2% 1.4%

 

Diluted EPS Q3 FY15 Q3 FY14
GAAP diluted EPS from continuing operations $0.30 $0.12
Impact of non-restructuring asset impairments $0.01 $0.02
Impact of restructuring charges $0.02 $0.06
Impact of gain on sale of investments ($0.01) ($0.01)
Benefit of income tax impact of Best Buy Europe sale $0.00 ($0.01)
Non-GAAP diluted EPS from continuing operations3 $0.32 $0.18

 

Hubert Joly, Best Buy president and CEO, commented, “In the third quarter, our teams delivered positive comparable sales, improved profitability and continued progress in our Renew Blue transformation.

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10 Nov: Learning New Family Tech with Geek Squad at Engadget Expand

A piano made out of bananas. A Play-Doh Tetris game. A whisk and pie-tin drum set.

Visitors to the Engadget Expand event in New York City over the weekend got a chance to experience unique technology for the family at an exhibit staffed by local Geek Squad Agents and Best Buy Blue Shirts.

Geek Squad was there to show visitors some cool – and fun – things that can be done with technology, and show off Geek Squad Academy, which seeks to inspire young people through technology.

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03 Nov: Best Buy Welcomes New Member to its Board of Directors

MINNEAPOLIS – Nov. 3, 2014 – Best Buy Co., Inc. announced today the appointment of J. Patrick Doyle to its Board of Directors. Doyle is the president and chief executive officer of Domino’s Pizza, the world leader in pizza delivery and the second largest pizza company in the world.

Doyle, 51, joined Domino’s Pizza in 1997, serving in a variety of leadership roles across its domestic and international businesses. He has been president and chief executive officer of Domino’s since March 2010.