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14 Jan: Best Buy Reports Holiday Revenue Results

Domestic Revenue Decreased 0.8%

Repurchased $203 million in Stock for a Year-to-Date Total of $588 million

Improving the Fourth Quarter Operating Margin Outlook

MINNEAPOLIS, Jan. 14, 2016 — Best Buy Co., Inc. (NYSE: BBY) today announced revenue results for the nine weeks ended January 2, 2016 as compared to the nine weeks ended Jan. 3, 2015. PDF version.

Fiscal 2016 Holiday Revenue Summary 9 weeks ended January 2, 2016 9 weeks ended January 3, 2015
Enterprise Revenue ($ in millions)1 $10,961 $11,366
Domestic segment $10,050 $10,132
Domestic segment year-over-year revenue change (0.8%) 4.1%
International segment1 $911 $1,233
Enterprise Comparable Sales % Change:
Excluding the estimated benefit of installment billing2,3 (1.4%) 1.8%4
Estimated benefit of installment billing3  0.2%  0.7%
Comparable sales % change2 (1.2%) 2.5%4
Domestic Comparable Sales % Change:
Excluding the estimated benefit of installment billing2,3 (1.4%) 2.6%
Estimated benefit of installment billing3 0.2% 0.8%
Comparable sales % change2 (1.2%) 3.4%
Comparable online sales % change2 12.6% 13.4%

 

Hubert Joly, Best Buy chairman and CEO, commented, “During the holiday period, Domestic revenue declined 0.8% against a backdrop where the NPD-reported categories were down a greater-than-expected 4.8%5.

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04 Nov: Best Buy Achieves Coveted CDP Climate Change A List

Best Buy has been awarded a prized position on the CDP Climate A List for our efforts to reduce carbon emissions in the past year.

The commendation puts Best Buy in the top 5 percent of thousands of companies that submit annual emissions data and climate management strategies to CDP (formerly Carbon Disclosure Project).

We are in good company. Other corporate “A Listers” now include sustainability powerhouses and partners such as Apple, Google, LG, Microsoft, Samsung, Sony and Sprint.

The A List designation comes shortly after Best Buy set a new goal to reduce carbon emissions by 45 percent by 2020 and signed the American Business Act Pledge on Climate Change.

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21 Oct: Which Tech Came True from ‘Back to the Future Part II’?

The movie Back to the Future Part II sent Marty McFly, his girlfriend Jennifer and Doc Brown from 1985 to October 21, 2015. Now that their fictional future has arrived, let’s see which promised technology predictions came true. And a few that didn’t.

Zip up your auto-fit, self-drying jacket… The future is here.

HOVERBOARD

Unfortunately, hoverboards don’t actually exist… yet. But for tech that’s cool and floats like Marty’s levitating skateboard deck, check out drones. From small toys that roll across the floor, to quadcopters complete with gimbal-mounted 4K cameras and GPS, drones are here and getting better all the time.

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13 Jul: Embrace Your Geekness With These 6 Tech Tips

Today is “Embrace Your Geekness Day,” and in celebration, the 20,000 Agents of the Geek Squad have assembled these six tips to help people everywhere get the most out of their favorite gadgets.

 Outsmart your smartphone:

  • Mobile apps and accessories let you do more than make calls or text on your smartphone. Popular apps like Evernote help with productivity, Uber with transportation and Mint with managing your finances.
  • Accessories like Zepp send instant feedback for your tennis, golf and baseball performance wirelessly to your mobile device.