PR News Alerts

Best Buy - reality

17 Oct: Virtual Reality: New Products, New Demos and a Lot to be Excited About

Virtual reality was all the buzz last year. And there’s even more to be excited about lately with new products, lower prices and more games and entertainment than ever before.

Still, you might have questions. Do I need a computer or a phone? And if so, what kind? What do the games, movies, and experiences allow me to do?

Well, Best Buy has answers. Better yet, a visit to your local store lets you experience it all through hands-on demos. (We’ve held more than 500,000 VR demos in our stores, so we know a thing or two.)

Best Buy - Investor Day

19 Sep: Best Buy Investor Day Details ‘Best Buy 2020: Building the New Blue’ Growth Strategy

Discusses Insights from Successful ‘Renew Blue’ Transformation

Shares Details on Plans to Expand What It Sells and Evolve How It Sells

Provides Long-Term Financial Targets for Fiscal 2021

 

MINNEAPOLIS, September 19, 2017 – Best Buy Co., Inc. (NYSE:BBY), a leading provider of consumer electronics products and services, will host an investor conference this afternoon to provide a more detailed overview of its Best Buy 2020: Building the New Blue growth strategy and discuss the company’s long-term financial outlook.

Best Buy Chairman and CEO Hubert Joly and other members of the executive team will discuss key insights gained from the company’s successful Renew Blue transformation, share the company’s analysis of the strategic landscape in which it operates and provide a closer look at key growth initiatives.

BBY_on_gray

30 Aug: Best Buy Statement on Water Pricing

First, this was clearly a mistake in a single store. We feel terrible about this because, as a company we are focused on helping, not hurting people affected by this terrible event. We are all deeply sorry that we gave anyone even the momentary impression that we were trying to take advantage of the situation.

Second, by way of explanation and not as an excuse: we don’t typically sell cases of water and don’t have pricing for it in our computer system.

Best Buy - earnings

29 Aug: Best Buy Reports Better-than-Expected Second Quarter Results

Enterprise Comparable Sales Increased 5.4%

GAAP Diluted EPS of $0.67 Increased 20%

Non-GAAP Diluted EPS of $0.69 Increased 21%

 

MINNEAPOLIS, August 29, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter ended July 29, 2017 (“Q2 FY18”), as compared to the second quarter ended July 30, 2016 (“Q2 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.67, an increase of 20% from $0.56 in Q2 FY17. Non-GAAP diluted earnings per share from continuing operations were $0.69, an increase of 21% from $0.57 in Q2 FY17. (

Best Buy - earnings

25 May: Best Buy Reports Better-than-Expected First Quarter Revenue and Profit

Enterprise Comparable Sales Increased 1.6%

Diluted EPS of $0.60

 

MINNEAPOLIS, May 25, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter ended April 29, 2017 (“Q1 FY18”), as compared to the first quarter ended April 30, 2016 (“Q1 FY17”). The company reported GAAP diluted earnings per share from continuing operations of $0.60, a decrease of 13% from $0.69 in Q1 FY17, entirely driven by the large CRT settlement proceeds received last year which did not recur in Q1 FY18.

Best Buy - unlocked

09 May: Pre-Order Unlocked Samsung Galaxy S8, S8+ at Best Buy

Been dying to get your hands on Samsung’s latest smartphone, but don’t want to be tied to a carrier or plan? You’re in luck. Unlocked Samsung Galaxy S8 and Galaxy S8+ are now available for pre-order, and Best Buy is the exclusive unlocked retail partner where you can get one.

The popularity of unlocked phones has been growing rapidly, with an estimated 28 million people in the U.S. owning one. With unlocked phones, you skip signing a contract with a carrier.

Best Buy - unlocked

29 Mar: Save Big When You Pre-Order the New Samsung Galaxy S8 or Galaxy S8+ at Best Buy

It’s a good day for Samsung fans.

Today, Samsung announced two new phones to its lineup: The Samsung Galaxy S8 and Galaxy S8+. And Best Buy has some of the best pre-order deals for each of the new phones.

Best Buy customers will get up to $100 off the Galaxy S8+ and $50 off the Galaxy S8 when they pre-order on BestBuy.com or in their local Best Buy stores.

The kicker: On top of the Best Buy discount, customers will also get a free Samsung Gear VR with a controller, and $50 of bonus Oculus content, plus select deals available for AT&T, Verizon and Sprint customers.

Best Buy - Alienware

07 Mar: Alienware PC Gaming Experience Coming to Best Buy Stores

When you think of video games, you might imagine playing on a console in front of a TV. But for a growing number of players, video games are best played on a high-powered PC or laptop instead.

Players love PC gaming because it’s highly customizable. They can upgrade graphics cards, processors and hard drives to enhance the graphics and speed for a better gaming experience. It also has played a big role in the growth of electronic sports, or e-sports, a form of competitive gaming.

Best Buy - financial results

01 Mar: Best Buy Reports Better-than-Expected Fourth Quarter Results

 

GAAP Diluted EPS Increased 37% to $1.91

Non-GAAP Diluted EPS Increased 27% to $1.95

Full Year GAAP and Non-GAAP Diluted EPS Increased 63% and 28% respectively

MINNEAPOLIS, March 1, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY17”) and year ended January 28, 2017 (“FY17”), as compared to the fourth quarter (“Q4 FY16”) and year ended January 30, 2016 (“FY16”). The company reported Q4 FY17 GAAP diluted earnings per share from continuing operations of $1.91, an increase of 37% from $1.39 in Q4 FY16.

Lockup_on_gray

01 Mar: Best Buy Announces Increased Capital Return to Shareholders

Two-Year $3 Billion Share Repurchase Plan

21% Increase in Quarterly Dividend to $0.34 per Share

MINNEAPOLIS, March 1, 2017 — Best Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors approved a plan to return excess capital to shareholders as follows:

  • A new $3 billion share repurchase plan expected to be completed over the next two years; and
  • A 21% increase in the regular quarterly dividend to $0.34 per share, effective immediately.

This updated capital return plan is consistent with the company’s long-term capital allocation strategy to first fund operations and investments in growth, including potential acquisitions, and then to return excess free cash flow over time to shareholders through dividends and share repurchases, while maintaining investment grade credit metrics.

Best Buy - Thanks and Giving® Campaign

22 Feb: Best Buy Finishes as Top Fundraising Partner for St. Jude Children’s Research Hospital® Thanks and Giving® Campaign

Best Buy customers and employees helped raise more than $18.2 million during the holiday season for the research and treatment of childhood cancer

 

MINNEAPOLIS (February 22, 2017) – Thanks to its generous customers and supportive employees, Best Buy is proud to have presented more than $18.2 million to St. Jude Children’s Research Hospital® and to have finished as the largest St. Jude Thanks and Giving® campaign donor this holiday season.

“We are deeply grateful to Best Buy, its dedicated employees and the customers who demonstrated a tremendous commitment to our lifesaving mission by raising an astounding $18.2 million during the St.