best buy

Pride 2023 story

31 May: Vulnerability, shared experiences help employees build community at Best Buy

Allyship and connection are part of Best’s Buy DNA. For our colleagues who belong to the LGBTQIA+ community, these values are especially important and have a tremendous impact on their experience at work.

People and spaces, like our Pride Employee Resource Group, that offer allyship and connection can provide hope and help employees feel like they belong at Best Buy. Ashley, EZ and Morgan are three employees who’ve inspired hope in their colleagues and contributed to Best Buy’s culture of inclusion by sharing their experiences and supporting others to live as their authentic selves.

Blog Q1FY24FinancialResults

25 May: Best Buy reports Q1 FY24 results

Comparable Sales Declined 10.1%

GAAP Diluted EPS of $1.11

Non-GAAP Diluted EPS of $1.15

FY24 Financial Guidance Remains Unchanged

MINNEAPOLIS, May 25, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter ended April 29, 2023 (“Q1 FY24”), as compared to the 13-week first quarter ended April 30, 2022 (“Q1 FY23”).

Click here to view full release and statements.

  Q1 FY24 Q1 FY23
Revenue ($ in millions)
Domestic segment $8,801$9,894
International segment$666$753
Enterprise comparable sales % change1(10.1)%(8.0)%
Domestic comparable sales % change1(10.4)%(8.5)%
Domestic comparable online sales % change1(12.1)%(14.9)%
International comparable sales % change1(5.5)%(1.4)%
Operating Income 
GAAP operating income as a % of revenue3.3%4.3%
Non-GAAP operating income as a % of revenue3.4%4.6%
Diluted Earnings per Share (“EPS”) 
GAAP diluted EPS$1.11$1.49
Non-GAAP diluted EPS$1.15$1.57

For GAAP to non-GAAP reconciliations of the measures referred to in the above table, please refer to the attached supporting schedule.


17 May: Best Buy mentorship ad campaign earns 2023 Halo Award

Best Buy is proud to announce our national ad campaign featuring Best Buy Teen Tech Centers™ was selected as the Best Social Impact Video in the 2023 Halo Awards from Engage for Good.

The Halo Awards recognize corporate social impact initiatives that show outstanding customer or employee engagement efforts. 

The “Mentor Moments” campaign launched last year with three short films featuring real teen/mentor pairs from three Teen Tech Centers. Director Rodney Lucas, story producer Bridget Botchway Bradley and photographer Akilah Townsend worked closely with the teens and adults to highlight the importance of positive mentoring relationships in helping teens achieve their dreams.

BBY + JA Volunteer Match blog

12 May: Best Buy volunteers help students prepare for financial future

Two Best Buy teams recently volunteered with nonprofit Junior Achievement to help the next generation learn about personal finances and business.  

Junior Achievement is dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their futures and make smart academic and economic choices. There are more than 100 local JA Areas across the United States.  

The internal audit team from the finance department spent half a day in South Saint Paul, Minnesota, with Junior Achievement North helping middle schoolers create mock budgets through JA Finance Park, an experiential learning program.

Best Buy Unveils My Best Buy Memberships™

11 May: Best Buy unveils My Best Buy Memberships™

New My Best Buy Plus™ tier is available June 27 and includes access to exclusive member prices and highly anticipated product releases, as well as free 2-day shipping and more for only $49.99/year1

MINNEAPOLIS—May 11, 2023. Today, Best Buy is unveiling a new suite of membership options — My Best Buy Memberships™ — that give customers more freedom to choose a membership that fits their technology needs, budget and lifestyle. One of these options includes a new tier, at a more affordable price, that offers exclusive prices and access to highly anticipated product releases.

diversity inc blog

04 May: Best Buy makes DiversityInc Top 50 Companies for Diversity list

Best Buy is proud to be recognized on DiversityInc’s 2023 list of Top 50 Companies for Diversity. This is our first time in the Top 50.

We also were ranked No. 17 on DiversityInc’s Top Companies for Board of Directors list.

DiversityInc evaluates companies on workplace fairness, equity and inclusion initiatives, and outcomes focused on leadership accountability, organizational programs and practices, and representation of company leadership.

We know that a culture of equity and inclusion is fundamentally important to the long-term success of our business.

AAPIHM 23 blog

01 May: These AAPI Best Buy leaders are dedicated to lifting others up

Editor’s Note: Best Buy is proud to celebrate Asian American and Pacific Islander (AAPI) Heritage Month. Read on for the stories of three of our employees. (Photo Credits, from left above: McKenna Walker, Gayathri Ramadoss, and Sasha Thomson)

Regardless of the job title, good leadership often comes down to building strong relationships and being an advocate for others.

Cheng Yang, Vidhya Subramanian and Scott Nishimura are three of our leaders who demonstrate this every day. Get to know them and discover how they lean on their cultural and personal experiences to support others at and outside of Best Buy.

ttc richfield blog

12 Apr: 10th Best Buy Teen Tech Center opens in Minnesota

We’re excited to celebrate a major milestone in Minnesota today with the opening of the state’s 10th Best Buy Teen Tech Center®, a program of the Best Buy Foundation. The new center, located at the Richfield Middle School Boys & Girls Club powered by Premium Retail, is the 53rd Teen Tech Center to open.

This year also marks the 10th anniversary of the foundation’s signature program, and Best Buy is committed to help build 100 Teen Tech Centers across the country by 2025.

Best Buy Technology Recycling Box blog

05 Apr: Best Buy launches nationwide Recycle-by-Mail Technology Boxes

New service makes electronic recycling easy and convenient for customers; ship everything from laptops, cords, tablets and more 

As the nation’s largest retail collector of e-waste, Best Buy has recycled 2.7 billion pounds of electronics and appliances 

Recycling your old electronics is about to become easier than ever. Best Buy is introducing a new nationwide, easy-to-use program that allows you to recycle all your old tech – by mail!

Starting this month, you can order a prepaid Best Buy Technology Recycling Box and ship off your old electronics for recycling.

energy star blog

28 Mar: ENERGY STAR names Best Buy as Partner of the Year for 10th year in a row

For the 10th consecutive year, Best Buy has been named an ENERGY STAR® Partner of the Year for the work we do every day to help our customers save energy. 

The U.S. Environmental Protection Agency (EPA) highlights organizations each year that have made outstanding contributions to protecting the environment through superior energy-efficiency achievements.  

We were awarded ENERGY STAR Partner of the Year for our efforts to protect the environment and help people conserve energy and money. This includes our wide selection of energy-efficient product offerings and becoming a founding member of the Breakthroughs 2030: Retail campaign, a Race to Zero initiative. 

best buy circular economy recycling blog

27 Mar: Repair, Reuse and Recycle – How Best Buy keeps products in use longer

As the nation’s largest seller of consumer electronics, we are committed to being there for the entire lifecycle of your technology products — from the time you start shopping at Best Buy until that product is responsibly recycled.  

This is all part of how we support the circular economy, a system in which nothing is wasted. For us that also means keeping products and materials in use as long as possible and finding alternatives to throwing them away. Through programs including Geek Squad repair or our haul-away services, we make it easy to give tech a second life and out of landfills.   

kriegon blog

24 Mar: California Agent is fixing tech, teaching fitness

Three years ago, Geek Squad Agent Kriegon Newby visited his uncle in California and knew it was where he wanted to be.  

“After my vacation ended, I sent out applications to California stores,” said Kriegon, who was living in Indiana. He got hired at Store 873 in Colma (near San Francisco), packed his car and drove west. 

Since then, Kriegon has not only built a life on the coast, but two careers: When he’s not traveling in his Geekmobile helping people with their home technology, he’s helping people reach fitness goals at a studio.