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By Best Buy Company News PR News Alerts

24 May: Best Buy Announces Internal Succession Plan for Company’s Chief Administrative and Chief Financial Officer

CAO and CFO Sharon McCollam to step down at conclusion of company’s annual shareholder meeting in June

Current Chief Strategic Growth Officer to assume CFO role

MINNEAPOLIS, May 24, 2016 — As part of an internal succession plan, Best Buy today announced that Sharon McCollam, the company’s chief administrative and chief financial officer, will be stepping down on June 14, 2016. McCollam will remain with the company in an advisory capacity until the end of the fiscal year, January 28, 2017, to ensure a seamless transition.

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By Best Buy Company News PR News Alerts

25 Feb: Best Buy Announces Capital Return to Shareholders

22% Increase in Quarterly Dividend to $0.28 per Share

New $1 Billion Share Repurchase Program over Two Years

Special Dividend of $0.45 per Share or Approximately $145 Million

MINNEAPOLIS, February 25, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors authorized a plan to return excess capital to shareholders as follows:

  • A 22% increase in the regular quarterly dividend to $0.28 per share, effective immediately;
  • A new $1 billion share repurchase plan expected to be completed over the next two years; and
  • A special dividend of $0.45 per share, or approximately $145 million; related to the net after-tax proceeds from certain legal settlements and asset disposals. 
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By Best Buy Company News PR News Alerts

25 Feb: Best Buy Reports Better-Than-Expected Fourth Quarter Earnings

Non-GAAP Diluted EPS from Continuing Operations Increased 3% to $1.53

GAAP Diluted EPS from Continuing Operations Decreased 5% to $1.39

Domestic Segment Revenue Decreased 1.5%

Repurchased $615 million in Stock for a Fiscal 2016 Total of $1 billion

MINNEAPOLIS, February 25, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (“Q4 FY16”) and year ended January 30, 2016 (“FY16”), as compared to the fourth quarter (“Q4 FY15”) and year ended January 31, 2015 (“FY15”). PDF Version.

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