Increasing Starting Hourly Wage to $15 on Aug. 2
Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year
Sales Up Approximately 15% Compared to Last Year Since Stores
Re-opened for Customer Shopping
MINNEAPOLIS, July 21, 2020 — Best Buy Co., Inc. (NYSE: BBY) today announced updates related to employee pay evolution and Q2 FY21 quarter-to-date sales performance.
Employee Pay Evolution
The company is raising the starting hourly wage for all Domestic employees to $15 effective Aug. 2.
“Strong consumer demand, combined with shopping experiences that emphasize safety and convenience, has helped produce our sales results to date,” Best Buy CEO Corie Barry said.