Samsung

By Best Buy Company News

19 Jun: Technology Can Help Kids Learn All Summer Long

School might be out for summer, but that doesn’t mean kids can’t keep learning while having fun.

Today is National Summer Learning Day – a reminder for adults and students how important it is to discover, stay safe and remain active even when school is not in session. According to the National Summer Learning Association, students typically score lower on standardized tests at the end of vacation than they do on the same tests at the start of summer.

With more e-books now available, tablets and e-readers are a great way to keep kids busy learning all summer long.

By Best Buy Company News PR News Alerts

19 May: Best Buy, Cole Haan Debut Tech Accessories Collection

Hey, guys, it’s time to ditch your boring black, plastic smartphone case. There are more stylish options now.

Best Buy and Cole Haan – the global fashion brand known for iconic American styles in footwear and accessories – have partnered exclusively with each other to create a new collection of smartphone accessories.

The collection is available for pre-order (and free shipping!) now on BestBuy.com and will arrive in Best Buy stores nationwide beginning Sunday, May 31 – just in time for Father’s Day.

By Best Buy Company News PR News Alerts

12 Mar: Smartphone, Tablet, and More: Watch the NCAA Tournament On the Go

It’s nearly time to start dancing.

With the 2015 NCAA men’s basketball tournament just days ahead, Best Buy helps you enjoy the games whether you’re on the couch, at your local watering hole, at work or school or on the go. In fact, our own research confirmed that more than 20 percent of all March Madness fans intend to watch the tournament from multiple screens this year.

Check out the following can’t-fail game plan, and start by finding out how to make your TV a Smart TV with a this quick video.

By Best Buy Company News PR News Alerts

07 Feb: Experience Samsung’s Virtual Reality World at Best Buy

Photo credit: Samsung

You may have seen the words Virtual Reality in the headlines lately, especially if you followed the Consumer Electronics Show in Las Vegas last month. But what is virtual reality, why is it suddenly such a big deal, and why do techies want to try it out?

Starting Sunday, Feb. 8, you can see what all the hype is about by trying out the latest virtual reality headset from Samsung at select Samsung Experience Shops at Best Buy stores nationwide.

By Best Buy Company News

24 Sep: 3 New Top Fashion Designers Will Invigorate Your Tech Wardrobe

Your phone, tablet and laptop are about to get a lot more stylish with accessories created by celebrated fashion designers Nanette Lepore, Anna Sui and Isaac Mizrahi New York – coming exclusively to Best Buy stores Sunday, Oct. 5. You can pre-order a selection of these trendy new tech accessories now at BestBuy.com.

Each designer’s collection includes smartphone, tablet and laptop cases with styles and designs available only at Best Buy.

This is not Best Buy’s first trip down the runway.

By Best Buy Company News

10 Sep: Mobile Phone Plans Have Morphed: 5 Things to Know

With Apple’s new phones coming, along with Samsung’s Note 4 and Note Edge, you may be thinking about upgrading.

What you may not know is things have changed with carrier plans too, giving you more options.

In the old days (about six months ago), a two-year contract was the gold standard. Now new carrier monthly installment billing options without contracts are gaining popularity with consumers, especially those with family plans.

Here’s what’s so appealing about this new option:

1. Pay $0 down
Well-qualified customers can leave the store with a new Apple iPhone or Samsung Note for $0.

By Best Buy Company News

03 Sep: Best Buy Introduces Exclusive kate spade new york Tech Accessories

Give your smartphone, tablet and laptop a makeover – after all, it is Fashion Week in New York – as a new collection of exclusive tech accessories from top fashion designers and brands begins to arrive at Best Buy.

Starting Sunday, Sept. 7, kate spade new york smartphone, tablet and laptop cases, as well as portable power packs, will be available at select Best Buy and Best Buy Mobile stores and on BestBuy.com. It’s the first in a series of Best Buy fashion designer partnerships to be announced in coming weeks.

By Best Buy Company News

26 Aug: Best Buy Reports Second Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.44

GAAP diluted EPS from continuing operations of $0.42

$40 million in additional annualized Renew Blue cost reductions, bringing the cumulative total to $900 million

MINNEAPOLIS, August 26, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week second quarter (“Q2 FY15”) ended August 2, 2014 as compared to the 13-week second quarter (“Q2 FY14”) ended August 3, 2013.

Revenue	Q2 FY15	Q2 FY14
Revenue ($ in millions)	$8,896	$9,266
Comparable sales % change¹	(2.7%)	(0.6%)
Domestic Segment:
Comparable sales % change	(2.0%)	(0.4%)
Comparable online sales % change	22.0%	10.5%
International Segment:
Comparable sales % change	(6.7%)	(1.8%)

Operating Income	Q2 FY15	Q2 FY14
GAAPoperating income as a % of revenue	2.7%	4.5%
Non-GAAPoperating income as a % of revenue²	2.9%	2.2%

Diluted EPS	Q2 FY15	Q2 FY14
GAAP diluted EPS from continuing operations	$0.42	$0.69
Impact of net LCD settlements³	$0.00	($0.43)
Impact of non-restructuring asset impairments	$0.02	$0.03
Impact of restructuring charges	$0.00	$0.01
Impact of gain on sale of investments	$0.00	($0.03)
Benefit of income tax impact of Best Buy Europe sale	$0.00	$0.05
Non-GAAP diluted EPS from continuing operations²	$0.44	$0.32

Hubert Joly, Best Buy president and CEO, commented, “In the second quarter, we delivered $8.9 billion in revenue and $0.44 in non-GAAP diluted earnings per share versus $0.32 last year.

By Best Buy Company News Geek Squad Lifestyle

24 Jul: Turn Back the Clock for Geek Squad’s 20th Birthday: ’94 vs. 2014

What better time to reminisce about the technology of two decades ago than this, the Geek Squad’s 20th birthday year.

Let’s mentally teleport back to the age of copious amounts of cookie-cutter boy bands, jean overalls with one strap undone, and Jansport backpacks.

To get in the right ’90s mindset, check out which movies were hot on VHS — yes VHS — back in 1994.

Laptops: From thick bricks to dynamic 2-in-1 shape-shifting gadgets

Today’s version of the PC laptop averages $399, so just a bit more affordable than that heavy $2,000+ version.

By Best Buy Company News Featured

22 May: Best Buy Reports First Quarter Results

Non-GAAP diluted EPS from continuing operations of $0.33

GAAP diluted EPS from continuing operations of $1.31

$95 million in additional annualized Renew Blue cost reductions

MINNEAPOLIS, May 22, 2014 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week first quarter (“Q1 FY15”) ended May 3, 2014 as compared to the 13-week first quarter (“Q1 FY14”) ended May 4, 2013.

Revenue	Q1 FY15	Q1 FY14
Revenue ($ in millions)	$9,035	$9,347
Comparable sales % change¹	(1.9%)	(1.4%)
Domestic Segment:
Comparable sales % change	(1.3%)	(1.2%)
Comparable online sales % change	29.2%	16.3%
International Segment:
Comparable sales % change	(5.8%)	(2.8%)

Operating Income	Q1 FY15	Q1 FY14
GAAPoperating income as a % of revenue	2.2%	1.8%
Non-GAAPoperating income as a % of revenue²	2.3%	2.0%

Diluted EPS	Q1 FY15	Q1 FY14
GAAP diluted EPS from continuing operations	$1.31	$0.29
Impact of non-restructuring asset impairments	0.02	0.02
Impact of restructuring charges	0.01	0.01
Benefit of income tax effect of Europe legal entity reorganization	(1.01)	0.00
Non-GAAP diluted EPS from continuing operations²	$0.33	$0.32

Hubert Joly, Best Buy president and CEO, commented, “This quarter reflects continued progress in our Renew Blue transformation.

By Best Buy Company News Featured

20 Aug: Best Buy Reports Quarter 2 Earnings

Available in .pdf: Best Buy Reports Fiscal Second Quarter Results

Non-GAAP EPS from continuing operations of $0.32

GAAP EPS from continuing operations of $0.69

$65 million in additional Renew Blue cost reductions

MINNEAPOLIS, August 20, 2013 — Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY14”) ended August 3, 2013, as compared to the second quarter (“Q2 FY13”) ended August 4, 2012.

Revenue	Q2 FY14	Q2 FY13
Revenue ($ in millions)	$9,300	$9,339
Comparable store sales % change¹	(0.6%)	(3.3%)
Domestic Segment:
Comparable store sales % change¹	(0.4%)	(1.6%)
Comparable online sales % change	10.5%	14.2%
International Segment:
Comparable store sales % change¹	(1.8%)	(11.3%)

Operating Income, Diluted EPS and Return on Invested Capital (ROIC)	GAAP		Non-GAAP²
	Q2 FY14	Q2 FY13	Q2 FY14	Q2 FY13
Operating income as a % of revenue	4.4%	0.9%	2.2%	1.9%
Diluted EPS from continuing operations	$0.69	$0.09	$0.32	$0.26
ROIC³	n/a	n/a	9.1%	11.2%

Note: During Q2 FY14, the company reached legal settlements with multiple defendants under which it will receive a total of $229 million, net of litigation costs (approximately $30 million in cash was received in Q2 FY14, with the remainder to be received in installments over the next eight quarters).

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