best buy

By Best Buy Lifestyle

03 Oct: Minnesota mentor shares life lessons with next generation

Growing up, Johnnie Merritt felt like there weren’t many Black male role models for him to look up to. That’s what inspired him as an adult to sign up with the Twin Cities Big Brother Big Sister mentorship program.

“I thought that this would be a good space to fill that void for someone else,” Johnnie said.

Five months ago, the marketing analyst was matched with his 10-year-old mentee, Ayden. Coming into the match, Johnnie was curious and nervous, but he knew he wanted to give back to youth of color.

By Ale Valeriano Company News

29 Sep: Best Buy, Google team up for new Teen Tech Center in California

Today, The Best Buy Foundation celebrated the grand opening of the Best Buy Teen Tech Center® at Movimiento de Arte y Cultura Latino Americana (MACLA) in San José, California. The center provides teens with access to cutting-edge technology, including tools for film, digital media, audio engineering and music production.

Google.org, Google’s philanthropic arm, is co-funding the Teen Tech Center. Their contribution to MACLA will support the work the center is doing to provide tech access, digital skills training and mentorship for youth.

By Emily Gaylord Company News

28 Sep: Best Buy recognized for support of military employees

Best Buy was recently recognized by the U.S. Secretary of Defense for benefits and assistance available to military employees with the Above and Beyond Award.

In addition, multiple leaders across the company have received Patriot Awards for their personal support of an employee serving in the National Guard.

The Best Buy Military Employee Resource Group (ERG) leadership team accepted the Above and Beyond award on behalf of the company at the Minnesota State Fair on Aug. 30.

“We are genuinely honored to receive this award,” said ERG chair Nikki Kukla.

By Emily Gaylord Lifestyle

20 Sep: Best Buy, Yardbird provide outdoor furniture for Minneapolis cancer nonprofit

While undergoing treatment for illness, spending time outside in fresh air can be a respite for a patient and their loved ones. And it’s even better when enjoyed with a comfortable place to sit.

That’s why when Katie Berens, a Best Buy senior product manager, saw on her social media feed that the American Cancer Society Hope Lodge in Minneapolis needed to replace its damaged patio furniture, she wanted to see how we could help.

The Hope Lodge provides a home away from home for cancer patients and caregivers who must travel more than 40 miles for treatments.

By Ale Valeriano Company News

15 Sep: Best Buy launches protective cases with sustainable packaging for new iPhone 14 lineup

Our sustainability journey has pushed us to continually find new ways to innovate within our operations and beyond. That includes making Best Buy’s exclusive brand products and the packaging they come in more sustainable.

We’re launching an expansive line of protective cases for the new iPhone 14 lineup, and there’s something special about the packaging they come in: it’s being made with sustainably sourced paper that is certified by the Forest Stewardship Council® (FSC®). The phone cases are the largest lineup yet of Best Buy exclusive brand products to get the eco-friendly packaging.

By Best Buy Lifestyle

14 Sep: Best Buy’s Hugh Cherne makes sustainability a lifestyle

Over 50 years ago, on April 22, 1970, the first celebration of Earth Day took place. More than 20 million Americans gathered to celebrate a day that would mark the anniversary of the birth of the modern environmental movement.

Hugh Cherne was in the crowd that day, and at the time didn’t know the profound impact it would have on his future career or that it would lead him to Best Buy. Now the company’s associate director of sustainability, the day lives on in Hugh’s memory as one that helped shape him into who he is today.

By Emily Gaylord Lifestyle

13 Sep: Attorney’s Nicaraguan roots drive him to help immigrants in U.S.

Editor’s note: Best Buy is proud to honor Latinx Heritage Month and celebrate our Latinx employees and communities. Read on for the story of one of our employees.

Braynell Estrada Britton began serving his community as early as elementary school in his hometown of Managua, Nicaragua. His parents and teachers taught him the importance of volunteering his time and how to use his talents and skills to help others.

Decades later, these values continue to shape the associate corporate counsel’s life.

By Best Buy Lifestyle

01 Sep: Philadelphia sales advisor celebrates her Puerto Rican heritage through art

Editor’s note: Best Buy is proud to honor Latinx Heritage Month and celebrate our Latinx employees and communities. Read on for the story of one of our employees.

Philadelphia sales advisor Lily Vega and her sister, Vanessa, were introduced to art at a young age. They would often watch their father draw cars in notebooks, learned of their uncles’ famous sculptures in Ponce, Puerto Rico, and followed along with their aunt’s New York fashion business.

This family legacy led to the sisters’ passion for art and drawing.

By Best Buy Company News

30 Aug: Best Buy reports Q2 FY23 results

Comparable Sales Declined 12.1% Compared to 19.6% Growth in Q2 FY22

GAAP Diluted EPS of $1.35

Non-GAAP Diluted EPS of $1.54

MINNEAPOLIS, August 30, 2022 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter ended July 30, 2022 (“Q2 FY23”), as compared to the 13-week second quarter ended July 31, 2021 (“Q2 FY22”).

Click here to view full release and statements.

	Q2 FY23	Q2 FY22
Revenue ($ in millions)
Enterprise	$10,329	$11,849
Domestic segment	$9,569	$11,011
International segment	$760	$838
Enterprise comparable sales % change¹	(12.1)%	19.6%
Domestic comparable sales % change¹	(12.7)%	20.8%
Domestic comparable online sales % change¹	(14.7)%	(28.1)%
International comparable sales % change¹	(4.2)%	5.0%
Operating Income
GAAP operating income as a % of revenue	3.6%	6.7%
Non-GAAP operating income as a % of revenue	4.1%	6.9%
Diluted Earnings per Share (“EPS”)
GAAP diluted EPS	$1.35	$2.90
Non-GAAP diluted EPS	$1.54	$2.98

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

By Kish Daniels Lifestyle

19 Aug: Minnesota Twins pitch Best Buy Teen Tech Center youth on tech in sports

The Minnesota Twins on Wednesday hosted 50 participants from local Best Buy® Teen Tech Centers^TM for a major league lesson in how pro baseball is on the cutting edge of tech.

“Technology is an integral part of any business and is especially relevant in sports,” said Ann Miller, a Twins spokesperson. “Teens who dream of a career in sports — or tech — will be introduced to a whole new avenue to realize these goals.”

The teens’ trip to the ballpark is part of an ongoing partnership between Best Buy and the Twins to engage the community and provide educational and career-preparedness opportunities to youth.

By Brynn Albrecht Company News

16 Aug: Best Buy reduces water consumption 24% since 2019

Water scarcity is a growing issue nation-wide. That’s why we are taking steps to reduce our water consumption and help our customers do the same.

By monitoring our water consumption across our business, we are proud to share that we have reduced our water usage across the company by 24% since 2019. From our stores to distribution centers and headquarters in Minnesota, we are committed to sustainably managing the water we use to help the planet.

Here’s a quick look at steps we’ve taken to achieve our goal to reduce the amount of water we use across our business.

By Best Buy Company News

09 Aug: For Best Buy executive, 50th Teen Tech Center is personal

For Damien Harmon, Gary, Indiana will always be home. It’s the place that raised him, invested in his future, and gave him the confidence to go out and chase his dreams.

Now Executive Vice President of Omnichannel at Best Buy, a role where he leads stores, Geek Squad and all physical customer touch points, Damien is giving back to his hometown the best way he knows how – through tech. Alongside his wife, Katy, they are sponsoring Gary’s first Best Buy Teen Tech Center®, giving Gary teens access to technology that will help them shape their futures.

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