“We at Best Buy are honored to support the lifesaving work done at St. Jude every day by joining the St. Jude Thanks and Giving campaign this year,” said Sharon McCollam, chief administrative and chief financial officer at Best Buy. “We are thankful for the ability to give customers shopping in our more than 1,400 stores the opportunity to donate to an organization with the mission of finding cures for childhood cancer and other deadly diseases and most importantly, saving children’s lives.”
Best Buy received the first-ever eCycling Leadership Award from the Consumer Electronics Association. Best Buy was the only retailer and only one of four companies to receive the award, which recognizes consumer electronics companies that are recycling above and beyond any level mandated by government.
Best Buy has the most comprehensive appliance and electronics recycling programs in the U.S. We recycle 409 pounds of electronics each minute our stores are open and customers can recycle their electronics and appliances for free at any Best Buy location nationwide – no matter how old it is or where it was purchased.
How much energy do you consume? October is Energy Awareness Month and Best Buy is here to help you reduce your personal energy consumption and save money:
Best Buy beat out all other retailers in the 2013 Standard & Poor’s 500 Index (S&P 500) Climate Change Report. The report ranks America’s largest companies’ actions to improving their impact on the environment. Best Buy received “Leadership” status for both performance and disclosure categories this year – the only retailer to receive both.
Best Buy has demonstrated its commitment to reducing its carbon footprint by using less energy in stores, finding more efficient ways to transport products, and reducing fuel used by Geek Squad vehicles.
Best Buy was named in the longest-running global sustainability rankings – the Dow Jones Index for Sustainable Investing. It measures company sustainability, which is how businesses operate socially, environmentally and economically. Best Buy increased its performance two points from last year and moved up the retail rankings from the 68th percentile to the 84th percentile. Compared with other retail companies in North America, Best Buy scored 20 points above the average.
The Index is the official sustainability performance ranking of the largest 600 North American companies.
Non-GAAP EPS from continuing operations of $0.32
GAAP EPS from continuing operations of $0.69
$65 million in additional Renew Blue cost reductions
MINNEAPOLIS, August 20, 2013 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY14”) ended August 3, 2013, as compared to the second quarter (“Q2 FY13”) ended August 4, 2012.
| Revenue |
Q2 FY14 |
Q2 FY13 |
| Revenue ($ in millions) |
$9,300 |
$9,339 |
| Comparable store sales % change1 |
(0.6%) |
(3.3%) |
| Domestic Segment: | ||
| Comparable store sales % change1 |
(0.4%) |
(1.6%) |
| Comparable online sales % change |
10.5% |
14.2% |
| International Segment: | ||
| Comparable store sales % change1 |
(1.8%) |
(11.3%) |
| Operating Income, Diluted EPS and Return on Invested Capital (ROIC) |
GAAP |
Non-GAAP2 |
||
|
Q2 FY14 |
Q2 FY13 |
Q2 FY14 |
Q2 FY13 |
|
| Operating income as a % of revenue |
4.4% |
0.9% |
2.2% |
1.9% |
| Diluted EPS from continuing operations |
$0.69 |
$0.09 |
$0.32 |
$0.26 |
| ROIC3 |
n/a |
n/a |
9.1% |
11.2% |
Note: During Q2 FY14, the company reached legal settlements with multiple defendants under which it will receive a total of $229 million, net of litigation costs (approximately $30 million in cash was received in Q2 FY14, with the remainder to be received in installments over the next eight quarters).
Join us for a day of fun, fitness and tech with Major League Soccer legend Cobi Jones, Clint Mathis and Mauricio Cienfuegos! Take away tips and tricks for how to stay fit this back to school season. Be one of the first 200 to demo Windows 8 between 3-5PM for a chance to win signed soccer balls and photos with Clint Mathis and Mauricio Cienfuegos! And the fun doesn’t stop there.
Come out for steals, deals, prizes, food, music and more!
MINNEAPOLIS – June 20, 2013: Best Buy is consistently recognized for its sustainability leadership by the retail and consumer electronics industries. With today’s release of the company’s Fiscal 2013 Corporate Responsibility & Sustainability Report, Best Buy further demonstrates its continued leadership role in positively impacting the world.
We hope you find this information useful. To view the full report, please visit www.bby.com/sustainability.
Media Contact:
Jeremy Baier
jeremy.baier@bestbuy.com
MINNEAPOLIS – May 6, 2013 – Best Buy is encouraged by the passage of the Marketplace Fairness Act in the U.S. Senate and the clear bipartisan support the measure received. This legislation does not represent a new tax, rather it simply helps to ensure fair competition that ultimately benefits consumers and our communities. The current laws were put in place before the Internet or e-commerce even existed. Just as retail has evolved over the years, the tax code needs to evolve to reflect modern patterns in how consumers shop not by creating a new tax but by enforcing the laws already on the books.
MINNEAPOLIS, March 25, 2013 — Best Buy and its Founder, Richard Schulze, announced today that Mr. Schulze is returning to the company as its Chairman Emeritus. In addition, Mr. Schulze has nominated Brad Anderson and Al Lenzmeier to serve on the Best Buy Board of Directors, pursuant to a previously disclosed agreement between the company and Mr. Schulze.
“Over the past several months, I have come to know and respect Hubert, and have a high regard for the work he and his executive team are doing to revitalize Best Buy for the benefit of all stakeholders,” said Schulze.
Burnaby, British Colombia, March 5, 2013 – Best Buy Co., Inc., the world’s largest consumer electronics retailer, today announced Ron Wilson as the new president and chief operating officer of its Canada operations, effective immediately. In this role, Wilson will lead the business in Canada under the Future Shop and Best Buy online brands.
“Ron has been an integral part of Best Buy’s success in Canada for more than two decades,” said Shari Ballard, executive vice president and president, Best Buy International.
MINNEAPOLIS, January 7, 2013 – Best Buy Co. Inc (NYSE: BBY), the global leader in consumer electronics, is making it easier than ever for consumers to enjoy their favorite movies anywhere and at any time with the launch of the first ever in-home disc-to-digital conversion service available now. Powered by Best Buy’s video streaming service- CinemaNow – and currently in beta, consumers now have the freedom to put UltraVioletTM copies of their favorite DVD titles in the cloud, giving them access to their DVD collections from any compatible Internet-connected device including smartphones, tablets, gaming consoles and more.