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Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

74.71USD
19 Jul 2019
Change (% chg)

$0.87 (+1.18%)
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Volume
451,525
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Latest Key Developments (Source: Significant Developments)

Best Buy CEO Says The Impact Of Tariffs Be Felt By U.S. Consumers
Thursday, 23 May 2019 

May 23 (Reuters) - Best Buy::BEST BUY CEO SAYS IMPACT OF TARIFFS AT 25% WILL RESULT IN PRICE INCREASES & WILL BE FELT BY U.S. CONSUMERS- CONF CALL .BEST BUY CEO SAYS WE'VE BEEN ABLE TO MINIMIZE IMPACT OF TARIFFS BY EMPLOYING STRATEGIES, INCLUDING BUYING PRODUCTS AHEAD TARIFFS BEING IMPLEMENTED.BEST BUY CEO SAYS PREMATURE TO SPECULATE ON THE IMPACT OF FURTHER TARIFFS AS IT IS UNCLEAR WHETHER THIS WILL ACTUALLY BE IMPLEMENTED WITH PRODUCTS.  Full Article

Best Buy Co Reports Q1 Non-GAAP Earnings Per Share of $1.02
Thursday, 23 May 2019 

May 23 (Reuters) - Best Buy Co Inc ::BEST BUY REPORTS BETTER-THAN-EXPECTED FIRST QUARTER EARNINGS.Q1 NON-GAAP EARNINGS PER SHARE $1.02.Q1 GAAP EARNINGS PER SHARE $0.98.Q1 EARNINGS PER SHARE ESTIMATE $0.86 -- REFINITIV IBES DATA.SEES Q2 NON-GAAP EARNINGS PER SHARE $0.95 TO $1.00."Q1 WAS A STRONG QUARTER AND A GOOD START TO YEAR".QTRLY ENTERPRISE COMPARABLE SALES INCREASED 1.1%.AS WE LOOK TO FULL YEAR, WE ARE REITERATING GUIDANCE WE PROVIDED AT BEGINNING OF YEAR.QTRLY ENTERPRISE REVENUE $9,142 MILLION VERSUS $9,109 MILLION.SEES Q2 ENTERPRISE REVENUE OF $9.5 BILLION TO $9.6 BILLION.BEST BUY - FY OUTLOOK BALANCES BETTER-THAN-EXPECTED Q1 EARNINGS, AND ESTIMATE OF IMPACT ASSOCIATED WITH RISE IN TARIFFS ON GOODS IMPORTED FROM CHINA.FY EARNINGS PER SHARE VIEW $5.66, REVENUE VIEW $43.56 BILLION -- REFINITIV IBES DATA.  Full Article

Best Buy Co's Hubert Joly Gets Compensation Of $17.4 Mln
Thursday, 2 May 2019 

May 1 (Reuters) - Best Buy Co Inc ::BEST BUY CO INC - HUBERT JOLY'S 2019 TOTAL COMPENSATION WAS $17.4 MILLION VERSUS $16.8 MILLION IN 2018.BEST BUY CO INC - ESTIMATE THAT JOLY’S ANNUAL TOTAL COMPENSATION WAS APPROXIMATELY 605 TIMES THAT OF MEDIAN EMPLOYEE..  Full Article

Amazon, Best Buy Announce Multiyear Partnership To Offer New Fire TV Edition Smart TVs
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Best Buy Co Inc ::BEST BUY SAYS AMAZON AND CO SIGN EXCLUSIVE MULTIYEAR PARTNERSHIP TO OFFER NEW FIRE TV EDITION SMART TVS.AS FIRST STEP IN PARTNERSHIP, BEST BUY WILL LAUNCH MORE THAN TEN 4K AND HD FIRE TV EDITION MODELS FROM TOSHIBA, INSIGNIA, BEGINNING THIS SUMMER.  Full Article

Signet Jewelers Adds Two Directors To Its Board
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Signet Jewelers Ltd ::SIGNET JEWELERS ADDS TWO DIRECTORS TO ITS BOARD.SIGNET JEWELERS LTD - SHARON MCCOLLAM AND NANCY REARDON JOIN BOARD.SIGNET JEWELERS LTD - ANNOUNCED COMPREHENSIVE THREE-YEAR TRANSFORMATION PLAN TO DRIVE GROWTH AND LONG TERM FINANCIAL PERFORMANCE.SIGNET JEWELERS LTD - BOARD NOW NUMBERS 12 MEMBERS.SIGNET JEWELERS LTD - MCCOLLAM SERVED AS EXECUTIVE VICE PRESIDENT, CHIEF ADMINISTRATIVE, CHIEF FINANCIAL OFFICER OF BEST BUY CO.  Full Article

Best Buy Co Says CEO Joly Adopts Stock Trading Plan
Wednesday, 7 Mar 2018 

March 6 (Reuters) - Best Buy Co Inc ::BEST BUY CO - ON MARCH 2, CEO HUBERT JOLY ADOPTED A PLAN FOR TRADING UP TO 190,000 SHARES OF CO'S COMMON STOCK.BEST BUY CO - FOLLOWING SALES ANTICIPATED UNDER PLAN, CEO JOLY WILL CONTINUE TO RETAIN ABOUT 90 PERCENT OF HIS CURRENT HOLDINGS.  Full Article

Best Buy Co Inc - ‍Costs Associated With Exit Or Disposal Activities​
Thursday, 1 Mar 2018 

March 1 (Reuters) - Best Buy Co Inc ::BEST BUY CO INC - ‍COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES​.BEST BUY - EXPECTS TO INCUR TOTAL PRE-TAX RESTRUCTURING CHARGES IN RANGE OF $55 TO $65 MILLION FROM BEST BUY MOBILE STAND-ALONE STORES CLOSURES​.BEST BUY CO INC - ‍TO CLOSE ALL OF ITS 257 REMAINING BEST BUY MOBILE STAND-ALONE STORES IN UNITED STATES BY MAY 31, 2018​.BEST BUY CO INC - ‍EXPECTS THAT MAJORITY OF THESE CHARGES WILL BE RECORDED IN Q1 OF FISCAL 2019​.BEST BUY-EXPECTED TOTAL CHARGES INCLUDE BETWEEN $53 MILLION AND $63 MILLION OF CASH PAYMENTS RELATED TO TERMINATION OF STORE LEASES TO BE PAID OVER NEXT YEAR.BEST BUY CO INC SAYS STORE CLOSURES ARE AS A RESULT OF "CHANGING ECONOMICS" IN MOBILE INDUSTRY - SEC FILING.  Full Article

Best Buy sets regular quarterly cash dividend of $0.34 per share
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Best Buy Co Inc :Sets regular quarterly cash dividend of $0.34 per share.  Full Article

Best Buy reports Q3 earnings $0.78/shr
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Best Buy Co Inc :Best Buy reports third quarter results.Q3 earnings per share $0.78 from continuing operations.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Sees Q4 2018 non-GAAP earnings per share $1.89 to $1.99.Best Buy Co Inc - ‍raising FY18 financial outlook​.Qtrly ‍enterprise comparable sales increased 4.4%​.Best Buy Co Inc - ‍planning to spend approximately $2 billion on share repurchases this fiscal year, versus our original expectation of $1.5 billion​.Best Buy Co Inc - ‍raising full year revenue growth outlook to 4.0% to 4.8%​.Best Buy Co Inc - ‍raising FY non-GAAP operating income growth outlook to 7.0% to 9.5%​.Best Buy Co Inc - qtrly enterprise revenue ‍​$9,320 million versus $8,945 million.Best Buy Co Inc - ‍sees FY18 enterprise revenue of $41.0 billion to $41.3 billion, or growth of 4.0% to 4.8%​.Best Buy Co Inc sees ‍on a 52-week basis, enterprise revenue growth of approximately 3.0% for fy18​.Best Buy Co Inc sees ‍on a 52-week basis, enterprise non-GAAP operating income growth rate of 3.0% to 6.5% for fy18​.Best Buy Co - ‍"despite our moderate expectations for mobile phone launches in quarter, revenue in mobile category was materially lower than expected"​.Best Buy Co Inc - ‍estimate that related costs from natural disasters negatively impacted eps by approximately $0.03​ in quarter.Best Buy Co Inc - ‍estimate loss of revenue by natural disasters​ impacted enterprise comparable sales by 15 to 20 basis points in quarter.  Full Article

Best Buy sees adjusted diluted earnings of $4.75 to $5 for fiscal 2021​
Tuesday, 19 Sep 2017 

Sept 19 (Reuters) - Best Buy Co Inc -:Best Buy investor day details 'best Buy 2020: building the new blue' growth strategy.Best Buy Co Inc - ‍provides long-term financial targets for fiscal 2021​.Best Buy Co Inc sees ‍enterprise revenue of $43 billion for fiscal 2021 versus $39.4 billion in fiscal 2017​.Best Buy Co Inc sees ‍non-gaap diluted eps of $4.75 to $5.00 for fiscal 2021​.Best Buy Co Inc - co ‍recently expanded its in-home advisor program to all major U.S. markets​.  Full Article

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Apple says iPhones can now be fixed at all U.S. Best Buy stores

Apple Inc and Best Buy Co Inc said on Wednesday that they have extended a partnership that will allow the Minneapolis-based retailer's technicians fix iPhones at any Best Buy store in the United States.