PR News Alerts

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28 Aug: Best Buy Reports Better-than-Expected Q2 FY19 Results

Enterprise Comparable Sales Increased 6.2%

GAAP Diluted EPS Increased 28% to $0.86

Non-GAAP Diluted EPS Increased 32% to $0.91

Raising FY19 Financial Guidance

 

MINNEAPOLIS, August 28, 2018 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended August 4, 2018 (“Q2 FY19”), as compared to the second quarter ended July 29, 2017 (“Q2 FY18”). The company reported Q2 FY19 GAAP diluted earnings per share of $0.86, an increase of 28% from $0.67 in Q2 FY18.

GreatCall

15 Aug: Best Buy acquires GreatCall, expanding reach in health space

Best Buy today announced we have agreed to acquire GreatCall Inc. in an $800 million deal that expands our reach in the large and growing health space.

GreatCall is a leading provider of connected health and personal emergency response services to the aging population, with more than 900,000 subscribers. It sells easy-to-use mobile phones and connected devices that provide a way for seniors to reach a medical professional at the touch of the button. That design allows aging consumers to live independently longer, while also providing peace of mind to their loved ones.

Galaxy Note9

09 Aug: Pre-order Samsung Galaxy Note9 at Best Buy starting Aug. 10

Samsung introduced the newest member of the Galaxy smartphone family today, the Galaxy Note9.

The flagship phone will be available for pre-order on BestBuy.com and at your local Best Buy store starting Friday, Aug. 10. The phone arrives Aug. 24.

Pre-order on a Verizon, AT&T or Sprint plan and you can save up to $200 with qualified activation at Best Buy.

Unlocked customers can save big, too. Trade in an eligible smartphone at a Best Buy store and get up to $450 toward the Galaxy Note9.

Best Buy - teens

31 Jul: Teens get a voice in new Best Buy awareness campaign

Martaize “Tez” Smith woke up early in the morning to practice his lines before the film crew arrived at his home in north Minneapolis.

The 15-year-old high school student is an aspiring filmmaker, but that day he was going to be on the other side of the camera. “I was a little nervous,” he said. “That was something I’ve never done before, but I’m a performer. That’s me. That’s who I am.”

Tez is one of three teens who star in a series of new digital videos that highlight the youth served by Best Buy’s Teen Tech Centers, which provide teens from underserved communities around the U.S.

Best Buy - Fire TV Edition

18 Apr: Amazon and Best Buy Announce Exclusive Multiyear Partnership to Offer New Fire TV Edition Smart TVs

 

Amazon partners with Best Buy because of its industry-leading role in bringing the latest technology to millions of customers

Best Buy chooses Amazon Fire TV Edition for its innovative user experience combined with the intelligence of Alexa

 

SEATTLE & MINNEAPOLIS — April 18, 2018 — Amazon (NASDAQ: AMZN) and Best Buy (NYSE: BBY) today announced a collaboration to bring the next generation of Fire TV Edition smart TVs to customers in the United States and Canada. As a first step in the partnership, Best Buy will launch more than ten 4K and HD Fire TV Edition models from Toshiba and Insignia, beginning this summer.

BBY_on_blue

22 Mar: Best Buy Appoints Richelle Parham to Best Buy Board of Directors

MINNEAPOLIS, March 22, 2018 – Best Buy Co., Inc. (NYSE:BBY) today announced that Richelle Parham has been appointed to its Board of Directors, effective immediately.

Parham is a general partner at Camden Partners Holdings, a Baltimore-based private equity firm focused on providing growth and seed capital to lower-middle-market companies in technology, business services, education and health care.

Parham is a seasoned executive with more than 25 years of global strategy and marketing experience. Prior to joining Camden Partners Holdings in 2016, she served as vice president and chief marketing officer of eBay.

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08 Dec: Best Buy Is A Climate A-Lister

Best Buy has been recognized as a global leader in addressing climate change, securing a spot on the prestigious CDP Climate A List for the second time.

This distinction, awarded Thursday, puts Best Buy among the top 5 percent of companies participating in CDP’s climate change program, which is regarded as the “honor roll” for environmental stewardship. Best Buy is one of only two U.S. retailers named to this year’s list of 120 companies.

Reducing carbon in our operations has been a key focus at Best Buy for nearly a decade.

IMG_8637

07 Dec: National Safety Council, Best Buy Provide Holiday Safety Tips

The holiday season is one of our favorite times of the year, but unfortunately, it’s also a time when home thefts and accidents tend to rise.

On Thursday, Maureen Vogel from the National Safety Council and Pedro Melendez, a Best Buy smart home security expert, talked to media outlets around the country to educate consumers about common holiday safety hazards and how to prevent them.

 

Let’s start with thefts.  What’s the best way to keep those online gift purchases from getting stolen?

20 Days of Doorbusters

30 Nov: Lowest Prices of Season During 20 Days of Doorbusters at Best Buy

How low will prices on the hottest tech of the season go? You’ll find out during Best Buy’s 20 Days of Doorbusters, starting Friday, Dec. 1.

It’s a countdown calendar featuring the best holiday deals on laptops, 4K TVs, smartphones, headphones, tablets and more. And we’ll have all the brands you want most, like Apple, LG, Sony, Dyson, Samsung and Microsoft — you know, all the good stuff!

Each day’s featured doorbuster is guaranteed to be the lowest price you’ll find at Best Buy all season long.

Best Buy - Cyber Monday

27 Nov: Start Clicking: Best Buy’s Cyber Monday Deals Are Here

MINNEAPOLIS – Monday, Nov. 27 – Think the best deals are over, or the best tech is sold out? Think again. It’s Cyber Monday.

Not only are many hot Black Friday deals still available, but today shoppers can also save big on everything from iPad Pro to 4K TVs and from wireless headphones to Dell laptops. Plus, almost everything is available on BestBuy.com and in stores.

Best Buy’s Cyber Monday deals include:

  • Save $150 on iPhone 7 and iPhone 7 Plus with qualified activation
  • Save $150 on iPad Pro 12.9-inch
  • Save $200 on select MacBook
  • Apple Watch starting as low as $199
  • Sony 55-inch Smart 4K Ultra HD TV for $599.99 (Save $200)
  • Toshiba 50-inch Class 4K Ultra HD TV with Chromecast built in for $299.99 (Save $180)
  • Toshiba 43-inch 1080p HDTV with Chromecast built in for $199.99 (Save $150)
  • Up to 70 percent off select soundbars
  • 50 percent off Insignia wireless speaker with Google Assistant built in
  • Sony Extra Bass wireless over-the-ear headphones for $89.99 (Save $110)
  • Save $50 on Bose SoundSport wireless headphones
  • Save $100 on Dell Inspiron 15.6-inch touch-screen laptop
  • Dell Inspiron 11.6-inch laptop for $139.99
  • Save $100 on Dell 23.8-inch touch-screen All-In-One computer
  • Save $200 on NETGEAR Arlo indoor/outdoor wireless HD security cameras (4-Pack)
  • Save $50 on Philips Hue Starter Kit

Shopping from your couch – or your desk at work – isn’t the only easy part.

Thanksgiving 5

23 Nov: Best Buy Stores Kick Off Black Friday Weekend [PHOTOS]

Hundreds of shoppers stood in line at the Best Buy store in Minnetonka, Minnesota, on Thursday afternoon, excited for the chance to get their hands on the year’s hottest Black Friday doorbusters.

Finally, the doors opened at 5 p.m. “Welcome to Best Buy!” the company’s chairman and CEO, Hubert Joly, yelled enthusiastically as the shoppers made their way inside.

And, with that, the holiday shopping season kicked into high gear.

The annual Black Friday frenzy started early Thursday morning with thousands of hot deals online at BestBuy.com.

Best Buy financial results

16 Nov: Best Buy Reports Third Quarter FY18 Results

Enterprise Comparable Sales Increased 4.4%

Diluted EPS of $0.78 Increased 30%

Raising FY18 Financial Outlook

 

MINNEAPOLIS, November 16, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 28, 2017 (“Q3 FY18”), as compared to the third quarter ended October 29, 2016 (“Q3 FY17”). The company reported diluted earnings per share from continuing operations of $0.78, an increase of 30% from $0.60 in Q3 FY17. (PDF version here.)

  Q3 FY18 Q3 FY171
Revenue ($ in millions)2    
Enterprise $9,320 $8,945
Domestic segment $8,491 $8,192
International segment $829 $753
Enterprise comparable sales % change 4.4% 1.8%
Domestic comparable sales % change 4.5% 1.8%
Domestic comparable online sales % change 22.3% 24.1%
International comparable sales % change 3.8% N/A
Operating Income:
GAAP operating income as a % of revenue 3.8% 3.5%
Non-GAAP operating income as a % of revenue 3.7% 3.5%
Diluted Earnings per Share (EPS):
GAAP diluted EPS from continuing operations $0.78 $0.60
Non-GAAP diluted EPS from continuing operations $0.78 $0.60
 

For GAAP to non-GAAP reconciliations, please refer to the attached supporting schedule titled “Reconciliation of non-GAAP Financial Measures”.