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Best Buy Logo

20 Nov: Best Buy Announces Fiscal Third Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.32

GAAP diluted EPS from continuing operations of $0.30

$65 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $965 million

 

MINNEAPOLIS, November 20, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week third quarter (“Q3 FY15”) ended November 1, 2014, as compared to the 13-week third quarter (“Q3 FY14”) ended November 2, 2013.

 

Revenue Q3 FY15 Q3 FY14
Revenue ($ in millions) $9,380 $9,327
Comparable sales % change1,2 2.2% 0.3%
       Domestic Segment:
   Comparable sales % change 3.2% 1.8%
   Comparable online sales % change 21.6% 15.1%
       International Segment:
   Comparable sales % change (3.0%) (6.4%)

 

Operating Income Q3 FY15 Q3 FY14
GAAP operating income as a % of revenue 2.0% 1.0%
Non-GAAP operating income as a % of revenue3 2.2% 1.4%

 

Diluted EPS Q3 FY15 Q3 FY14
GAAP diluted EPS from continuing operations $0.30 $0.12
Impact of non-restructuring asset impairments $0.01 $0.02
Impact of restructuring charges $0.02 $0.06
Impact of gain on sale of investments ($0.01) ($0.01)
Benefit of income tax impact of Best Buy Europe sale $0.00 ($0.01)
Non-GAAP diluted EPS from continuing operations3 $0.32 $0.18

 

Hubert Joly, Best Buy president and CEO, commented, “In the third quarter, our teams delivered positive comparable sales, improved profitability and continued progress in our Renew Blue transformation.

Best Buy Smash Bros

18 Nov: Here Comes ‘Super Smash Bros.’ Release and amiibo’s Debut

That wasn’t a dream – more than 30,000 Super Smash Bros. fans most definitely flocked to Best Buy stores across the nation for Smash Fest earlier this year.

And now those dedicated Nintendo devotees can finally get their hands on Super Smash Bros. for Wii U on Friday at Best Buy — both online and in stores.

Nintendo Amiibo   Best BuyNintendo Amiibo   Best BuyWhat makes this game release even better? It’s the first title in which you can use that sweet little amiibo.

These amiibo figures are a new way to interact with your favorite Nintendo characters and Best Buy will be exclusively offering the Meta Knight figure in early 2015.

ChargeLifestyle1

05 Nov: New Fitness Devices Arrive: Which One for Me?

In a world full of breaking news around activity trackers and fitness devices, you’re probably wondering which one will get you moving, staying active and sleeping better?

Just today, Jawbone introduced two new activity trackers into their family, the Jawbone UP3 and UP MOVE. And last week, Fitbit announced three new products: Fitbit Charge, (available now in Black at Best Buy stores and at BestBuy.com) Charge HR and Surge. These devices help users have a better understanding of their activities and improve their daily activity habits.

Call of Duty Advanced Warfare Best Buy

28 Oct: 800+ Midnight Openings for Call of Duty: Advanced Warfare

You know what’s even cooler than Kevin Spacey being part of Call of Duty: Advanced Warfare?

It’s getting the blockbuster game the second it is available – that would be 12:01 A.M. Eastern, 9:01 P.M. Pacific  and everything in between (Yes, you’ve read that right!) – at one of the more than 800 Best Buy stores opening early for the launch.  Whether you pre-order the Day Zero edition or not,  you can begin the next chapter of Call of Duty starting at 12:01 a.m.

call of duty best buy google plus hangout

09 Oct: ‘COD: Advanced Warfare’ Creators Share Inside Intel in Google+ Hangout

Stoked for Call of Duty: Advanced Warfare and want to know what’s new in the game’s arsenal? You know, like grenades that mark enemies through walls?

On Tuesday, Oct. 14 get the inside intel from the people who are actually behind Call of Duty: Advanced Warfare via Best Buy’s Google+ Hangout. Among those who’ll be in on the chat about the title that comes out Nov. 4 are…

Best Buy’s very own Matt McLane will kick off the Google+ hangout at 7 p.m.

Destiny Game

10 Jul: Test Drive One of 2014’s Biggest Games – ‘Destiny’ – at Best Buy

Destiny at Best BuyBeing the biggest game of the year could be Destiny’s well, destiny.

The video game that’s projected to sell nearly 15 million copies industry-wide won’t be released until Sept. 9. But from 6 to 9 p.m. on Saturday, July 19, you can head to one of 71 Best Buy stores across the country and play the public beta version of Destiny.

Find a store near you to test drive the game that comes from the creators of Halo and the company that made Call of Duty (the list of participating stores is also located below).

G3

27 May: LG’s G3 Debut Brings Industry-Leading HD Smartphone Display to Best Buy This Summer

G3LG announced its latest smartphone — the LG G3 — today in London and later this summer you’ll be able to get LG’s flagship device at Best Buy and Best Buy Mobile specialty stores.

Best Buy continues  to be one of the only places where customers can test and try out the latest smartphone technology across all major brands and carriers, including the new G3. The smartphone not only boasts a 5.5-inch Quad HD display with four times the resolution of HD and almost two times higher resolution than a full HD display, it also has a 13 megapixel camera.

Watch Dogs

27 May: Select Best Buy Stores Opened at Midnight for Highly Anticipated ‘Watch Dogs’ Release

Watch DogsIt’s already one of the most successful Ubisoft pre-order game releases ever and select Best Buy stores opened at 12:01 a.m. today to put Watch Dogs in the hands of customers who pre-ordered the highly anticipated title.

Didn’t pre-order? There should be additional copies available at your nearest store and you can always get it on BestBuy.com.

And available only at Best Buy is the Breakthrough Pack, offering an exclusive single-player mission, plus vehicle bonus perks.

The game is available on the PS3, PS4, Xbox 360 and Xbox One.

Titanfall

05 Mar: Best Buy’s Your Titanfall Headquarters: 300+ Midnight Openings and a Sweet Xbox One Bundle Deal

You see all the excessive hype for the March 11 release of Titanfall?

Well, it’s 100 percent real.

“Believe the hype,” IGN said of the game from Respawn Entertainment. “It’s Xbox One’s killer app. I loved it.”

And Best Buy is the best place to get your hands on the app that Yahoo! Games said “blew them away.”

Not only will 300-plus Best Buy stores open at 12:01 a.m. Tuesday, March 11, to sell Microsoft’s first exclusive release for Xbox One (and PC), but for those who still don’t have the Xbox One, there’s a sweet deal for you.