best buy

By Best Buy Company News

13 Mar: Best Buy recognized as one of the 2023 World’s Most Ethical Companies®

Best Buy is honored to be included for a ninth year on Ethisphere’s list of World’s Most Ethical Companies®. We are one of three retailers to make the 2023 list.

The Ethisphere list recognizes companies based on culture, environmental and social practices, ethics and compliance activities, governance, and diversity initiatives.

Here are some of the efforts that contributed to our inclusion:

We continued our yearly employee Code of Ethics training for all employees. This required course contains examples of real-life, everyday situations that they might face and helps guide their decision-making.

By Best Buy Company News

08 Mar: Best Buy makes Barron’s 100 Most Sustainable Companies list for 6th time

Best Buy is proud to be named as one of Barron’s 100 Most Sustainable U.S. Companies for the sixth year in a row.

This year, we’re the top-ranked retailer, coming in at No. 7. We’ve ranked in the Top 10 since the list came out in 2018.

Barron’s looks at the 1,000 largest publicly held companies in the U.S. and ranks them on more than 230 performance indicators. This includes workplace diversity, carbon reduction, how companies performed for key stakeholders, community engagement and more.

By Best Buy Company News

07 Mar: Atrium Health and Best Buy Health partner to improve experience when receiving care at home

MINNEAPOLIS and CHARLOTTE, N.C. (Mar. 7, 2023) — Atrium Health and Best Buy Health are combining their strengths to develop new hospital at home offerings that will enhance the patient experience of receiving hospital-level care in the home. The goal of the partnership is to enable providers to deliver high-quality care to patients in the comfort of their own homes, while helping reduce emotional and financial burdens on patients and caregivers.

This partnership takes advantage of Atrium Health’s leadership position in telemedicine, including a well-established hospital at home program, combined with a patient population of nearly 3 million people.

By Best Buy Company News

06 Mar: Best Buy Ads launches My Ads, a self-service campaign management platform

Best Buy Ads, Best Buy’s retail media network, is launching a self-service campaign platform called My Ads, that will make it easier than ever for brand and agency partners to purchase, plan, view and manage select campaigns.

Currently in pilot with seven partners, My Ads will initially offer self-service reporting for Onsite Display and Sponsored Products campaigns – meaning near real-time data from these campaigns will live on the My Ads platform. It will give partners detailed insights on their existing campaigns, as well as the option to view and download campaign results based on adjustable criteria like time, products, and campaign placements.

By Best Buy Company News

03 Mar: A year in review: Best Buy Health

Technology is at the center of everything we do in our daily lives, and as that continues to be true, the role of technology within healthcare is becoming more important than ever before.

Today, consumers want to receive care in their own homes, and providers are rapidly looking for ways to incorporate digital tools into healthcare delivery to improve outcomes and experiences. That is where Best Buy Health comes in.

Best Buy Health enables care at home for everyone and to do that, we are focused on three key areas:

Wellness at home: offering the latest tech products to keep you and your family healthy.

By Best Buy Company News

02 Mar: Best Buy reports Q4 FY23 results

Comparable Sales Declined 9.3%

GAAP Diluted EPS of $2.23

Non-GAAP Diluted EPS of $2.61

Increased Quarterly Dividend 5% to $0.92 per Share

Expects FY24 Non-GAAP Diluted EPS of $5.70 to $6.50

MINNEAPOLIS, March 2, 2023 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter ended January 28, 2023 (“Q4 FY23”), as compared to the 13-week fourth quarter ended January 29, 2022 (“Q4 FY22”).

Click here to view full release and statements.

	Q4 FY23	Q4 FY22	FY23	FY22
Revenue ($ in millions)
Enterprise	$14,735	$16,365	$46,298	$51,761
Domestic segment	$13,531	$14,993	$42,794	$47,830
International segment	$1,204	$1,372	$3,504	$3,931
Enterprise comparable sales % change¹	(9.3)%	(2.3)%	(9.9)%	10.4%
Domestic comparable sales % change¹	(9.6)%	(2.1)%	(10.3)%	11.0%
Domestic comparable online sales % change¹	(13.0)%	(11.2)%	(13.5)%	(12.0)%
International comparable sales % change¹	(5.7)%	(3.8)%	(5.4)%	3.3%
Operating Income
GAAP operating income as a % of revenue	4.1%	4.9%	3.9%	5.9%
Non-GAAP operating income as a % of revenue	4.8%	5.1%	4.4%	6.0%
Diluted Earnings per Share (“EPS”)
GAAP diluted EPS	$2.23	$2.62	$6.29	$9.84
Non-GAAP diluted EPS	$2.61	$2.73	$7.08	$10.01

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

By Best Buy Company News

01 Mar: Teen Tech Center donation campaign is back for 3rd year

We’re excited to announce that for the third year, Best Buy customers will be able to join us in our mission to help teens build brighter futures through technology.

The main way we do this is by supporting the Best Buy Teen Tech Center® program, an initiative of the Best Buy Foundation. The program provides tools, training and mentorship so young people can discover their passions and pursue career and education goals.

Starting March 1, customers who make purchases in Best Buy stores, online, or on the app will be able to add a donation to the Best Buy Foundation in support of Teen Tech Centers.

By Emily Gaylord Lifestyle

28 Feb: These women are helping to shape the future of retail at Best Buy

Customers are changing how and where they shop, and Best Buy is creating new ways to serve them.

Across the company, women leaders are guiding their teams through these changes — from expert advice online at our virtual store, to new store and supply chain operations that focus on customer needs within a geographic area and reduce electronic waste.

Meet three of the women using their previous experiences and knowledge to propel their teams into Best Buy’s next chapter.

Shopping made easier, more convenient

After 11 years in sales, operations and strategy at Best Buy, Haley Hanes, omnichannel operations and services director, is using her experience and expertise to lead our new virtual store team.

By Anthony Aleman Lifestyle

08 Feb: Streaming or antenna? Which is best for Big Game viewing

The ways to watch pro football’s biggest game of the season are only growing with the help of new streaming technology and the classic traditional formats.

To figure out a solid viewing gameplan, we turned to Blue Shirt Juan Barajas in Fresno, California, for advice.

“Streaming devices and antennas offer their own benefits for viewers,” Juan said. “Streaming allows football fans to watch the game from virtually anywhere. Antennas that use over-the-air broadcast take internet connections out of the equation.”

Whether you plan on streaming or using an antenna, finding the right device is important.

By Best Buy Company News

08 Feb: First Teen Tech Center in North Carolina opens in Charlotte

Youth in Charlotte, N.C., will now have access to cutting-edge technology and training with the opening of the first Best Buy Teen Tech Center® in the state.

The Teen Tech Center, a program of the Best Buy Foundation, will be housed at the YMCA of Greater Charlotte and powered by Charlotte-based Atrium Health, a nonprofit health system. This year marks the 10th anniversary of the Best Buy Teen Tech Center program, making Charlotte the 52^nd center to join the growing network across the country.

By Kish Daniels Company News

01 Feb: Best Buy named top retailer on 2023 JUST 100 list

Best Buy has been named to the JUST 100 list for the third year in a row, and we’re proud to be the top retailer on the 2023 list.

The JUST 100 list evaluates and ranks nearly 1,000 of the largest publicly traded companies in the U.S. on such issues as how a company invests in its workers, supports its communities and minimizes environmental impact.

JUST Capital and its partners compile the annual list by polling 3,000 Americans to identify issues they think companies should focus on most.

By Natalie Albers Company News

31 Jan: New benefit for Best Buy: introducing Joshin

Best Buy continually assesses and evolves ways to support our employees’ overall well-being — including those who find themselves in the most important role of all: caregiver. We have a suite of benefits to offer and are excited to announce the newest one available to all full-time and part-time employees. Meet Joshin.

Joshin is a support system for disability and neurodivergence in the workplace and life. It supports Best Buy employees, their families, and their teams through specialized care and navigation, 1:1 video coaching, and neurodivergent- and disability-focused self-service training.

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