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Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

70.89USD
25 Mar 2019
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Latest Key Developments (Source: Significant Developments)

Best Buy Announces Regular Quarterly Cash Dividend
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Best Buy Co Inc ::BEST BUY ANNOUNCES REGULAR QUARTERLY CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.50PER SHARE.  Full Article

Best Buy Reports Q4 Non-Gaap Earnings Of $2.72/Share
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Best Buy Co Inc ::BEST BUY REPORTS BETTER-THAN-EXPECTED FOURTH QUARTER EARNINGS.Q4 NON-GAAP EARNINGS PER SHARE $2.72.Q4 GAAP EARNINGS PER SHARE $2.69.QUARTERLY REVENUE $14.80 BILLION VERSUS $15.36 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $2.57 -- REFINITIV IBES DATA.QUARTERLY ENTERPRISE COMPARABLE SALES UP 3.0 PERCENT.INCREASES QUARTERLY DIVIDEND 11% TO $0.50 PER SHARE.ESTIMATES EXTRA WEEK IN Q4 FY18 ADDED ABOUT $760 MILLION IN REVENUE AND APPROXIMATELY $0.20 IN NON-GAAP DILUTED EPS FOR QUARTER, YEAR.SEES FY20 NON-GAAP EARNINGS PER SHARE $5.45 TO $5.65.SEES FY20 ENTERPRISE REVENUE OF $42.9 BILLION TO $43.9 BILLION.SEES FY20 ENTERPRISE COMPARABLE SALES GROWTH OF 0.5% TO 2.5%.SEES FY20 NON-GAAP DILUTED EPS OF $5.45 TO $5.65.BEST BUY CO - ESTIMATES EXTRA WEEK IN Q4 ADDED ABOUT $0.20 IN NON-GAAP EARNINGS PER SHARE FOR Q4.PLANS TO SPEND BETWEEN $750 MILLION AND $1.0 BILLION ON SHARE REPURCHASES IN FY20.SEES Q1 ENTERPRISE REVENUE OF $9.05 BILLION TO $9.15 BILLION.SEES Q1 ENTERPRISE COMPARABLE SALES GROWTH OF 0.0% TO 1.0%.SEES Q1 FY20 NON-GAAP DILUTED EPS OF $0.83 TO $0.88.Q4 REVENUE VIEW $14.70 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $5.49, REVENUE VIEW $43.39 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW $0.83, REVENUE VIEW $9.18 BILLION -- REFINITIV IBES DATA.  Full Article

Best Buy Co Says Appointed Eugene Woods As Director
Thursday, 20 Dec 2018 

Dec 19 (Reuters) - Best Buy Co Inc ::BEST BUY CO INC - SAYS EUGENE WOODS APPOINTED DIRECTOR - SEC FILING.  Full Article

Best Buy Co Sets Regular Quarterly Cash Dividend Of $0.45 Per Share
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Best Buy Co Inc ::SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.45PER SHARE.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.45PER SHARE.  Full Article

Best Buy Says Latest Tariff List Touches About 7 Pct Of Total Cost Of Goods Sold
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - Best Buy Co Inc ::CEO - IMPACT OF TARIFFS WILL BE MINIMAL - CONF CALL.CEO - CORIE BARRY, OUR CFO, HAS BEEN PROMOTED TO SENIOR EXECUTIVE VICE PRESIDENT, CHIEF TRANSFORMATION AND FINANCIAL OFFICER.CEO - MIKE MOHAN HAS BEEN PROMOTED TO CHIEF OPERATING OFFICER OF OUR U.S. BUSINESS - CONF CALL.CEO - LATEST LIST OF TARIFFS TOUCHES ABOUT 7 PERCENT OF OUR TOTAL COST OF GOODS SOLD - CONF CALL.EXPECTED IMPACT OF TARIFFS ON OUR BUSINESS FOR THE REMAINDER OF THIS FISCAL YEAR IS REFLECTED IN OUR GUIDANCE AND IS EXPECTED TO BE MINIMAL- CONF CALL.IMPACT OF TARIFFS ON BUSINESS FOR THE REMAINDER OF THIS FISCAL YEAR IS REFLECTED IN OUR GUIDANCE AND IS EXPECTED TO BE MINIMAL.CFO - HURRICANES FLORENCE AND MICHAEL HAD A NEGATIVE IMPACT OF ABOUT $0.02 ON Q3 EPS - CONF CALL.CEO - WE'RE PAYING A LOT OF ATTENTION TO GREATCALL ACQUISITION BECAUSE SUCCESS THERE INCREASES OUR CONFIDENCE TO DO MORE- CONF CALL.  Full Article

Best Buy Co Inc Says CFO Reports Open Market Sale Of 2,982 Shares Of Common Stock At Price Of $78.35 Per Share On October 2
Thursday, 4 Oct 2018 

Oct 3 (Reuters) - Best Buy Co Inc ::BEST BUY CO INC SAYS CFO CORIE BARRY REPORTS OPEN MARKET SALE OF 2,982 SHARES OF COMMON STOCK AT PRICE OF $78.35PER SHARE ON OCTOBER 2 - SEC FILING.  Full Article

Best Buy Appoints Cindy Kent To Best Buy Board
Thursday, 4 Oct 2018 

Oct 3 (Reuters) - Best Buy Co Inc ::BEST BUY APPOINTS CINDY KENT TO BEST BUY BOARD OF DIRECTORS.BEST BUY CO INC - KENT MOST RECENTLY SERVED AS PRESIDENT AND GENERAL MANAGER OF INFECTION PREVENTION DIVISION AT 3M CO.  Full Article

Best Buy Acquires Connected Health Services Provider For $800 Mln
Thursday, 16 Aug 2018 

Aug 15 (Reuters) - Best Buy Co Inc ::BEST BUY ACQUIRES GREATCALL, A LEADING CONNECTED HEALTH SERVICES PROVIDER.BEST BUY ACQUIRES GREATCALL, A LEADING CONNECTED HEALTH SERVICES PROVIDER.BEST BUY CO INC - DEAL FOR FOR $800 MILLION IN CASH.BEST BUY CO INC - ACQUISITION IS IN LINE WITH BEST BUY 2020 STRATEGY.BEST BUY CO INC - EXPECTS IMPACT OF ACQUISITION ON ITS NON-GAAP EARNINGS TO BE NEUTRAL IN FISCAL 2019 AND FISCAL 2020.BEST BUY CO INC - ACQUISITION IS NOT EXPECTED TO IMPACT BEST BUY'S DIVIDEND STRATEGY.BEST BUY CO INC - GREATCALL WILL MAINTAIN ITS SAN DIEGO HEADQUARTERS.BEST BUY CO INC - EXPECTS DEAL TO BE ACCRETIVE BY FISCAL 2021.BEST BUY CO INC - DAVID INNS WILL REMAIN AS CEO OF GREATCALL.  Full Article

Pricer Wins Follow-Up Order From U.S. Retailer Best Buy
Monday, 18 Jun 2018 

June 18 (Reuters) - Pricer AB ::PRICER RECEIVES FOLLOW-UP ORDER FROM LEADING US RETAILER.BEST BUY HAS PLACED A FURTHER ORDER TO DEPLOY PRICER'S ELECTRONIC SHELF LABELS (ESL) AND DIGITAL SHELF-EDGE SOLUTIONS IN ABOUT 30 STORES.ESTIMATED VALUE OF NEW ORDER IS SEK 45 MILLION AND WILL BE INCLUDED IN PRICER'S ORDER INTAKE FOR Q2 2018.DELIVERIES ARE EXPECTED TO BE COMPLETED DURING 2018.  Full Article

Best Buy Co Sets Regular Quarterly Cash Dividend Of $0.45Per Share
Friday, 25 May 2018 

May 25 (Reuters) - Best Buy Co Inc ::SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.45PER SHARE.  Full Article

Landmark post-Halliburton decision from 8th Circuit allows Best Buy to escape class action

A once-promising securities class action against Best Buy came to a whimpering end on Friday, when U.S. District Judge Donovan Frank of St. Paul, Minnesota, granted summary judgment to the electronics chain, which had been accused of misrepresenting its projected earnings in a conference call with analysts way back in 2010.