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India

Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

63.52USD
12 Dec 2017
Change (% chg)

$-0.10 (-0.16%)
Prev Close
$63.62
Open
$63.73
Day's High
$64.15
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$63.38
Volume
918,702
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$64.15
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Latest Key Developments (Source: Significant Developments)

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 Co Inc's Q1 GAAP EPS $0.60 from continuing operations
Thursday, 25 May 2017 

May 25 (Reuters) - Best Buy Co Inc :Best Buy reports better-than-expected first quarter revenue and profit.Q1 GAAP earnings per share $0.60 from continuing operations.Q1 earnings per share view $0.40 -- Thomson Reuters I/B/E/S.Sees Q2 2018 non-GAAP earnings per share $0.57 to $0.62.Q1 non-GAAP earnings per share $0.60 from continuing operations.Qtrly enterprise revenue $8,528 million versus $8,443 million.Qtrly enterprise comparable sales up 1.6% percent.Sees enterprise revenue in range of $8.6 billion to $8.7 billion for Q2.Sees enterprise comparable sales change in range of 1.5% to 2.5% in Q2.Sees enterprise revenue growth of approximately 2.5% in FY2018.Now expecting FY revenue growth of approximately 2.5% versus original guidance of approximately 1.5%..Updating FY topline guidance to reflect better-than-expected Q1 results and Q2 guidance.Expecting full year non-GAAP operating income growth of 3.5% to 8.5% versus original guidance of 1% to 3% growth..Q2 earnings per share view $0.59, revenue view $8.48 billion -- Thomson Reuters I/B/E/S.A 52-week basis, enterprise revenue growth of approximately 1.0%.FY revenue view $39.88 billion -- Thomson Reuters I/B/E/S.Q1 revenue view $8.28 billion -- Thomson Reuters I/B/E/S.  Full Article

U.S. CPSC says Best Buy agrees to pay $3.8 million civil penalty
Tuesday, 4 Oct 2016 

U.S. Consumer Product Safety Commission : U.S. Consumer Product Safety Commission -Best Buy agrees to pay $3.8 million civil penalty, implement internal compliance program for distributing and selling recalled products . U.S. Consumer Product Safety Commission -Between September 2010 and October 2015, Best Buy sold about 600 recalled items, including more than 400 canon cameras, to consumers .U.S. Consumer Product Safety Commission -Agreement settles charges that Best Buy knowingly sold 16 different recalled products during 2010 through 2015.  Full Article

Best Buy Co sets quarterly cash dividend of $0.28/shr
Wednesday, 24 Aug 2016 

Best Buy Co Inc :Sets regular quarterly cash dividend of $0.28 per share.  Full Article

Best Buy Co posts Q2 earnings $0.56/shr from continuing operations
Tuesday, 23 Aug 2016 

Best Buy Co Inc : Reports better-than-expected second quarter results . Q2 non-GAAP earnings per share $0.57 from continuing operations . Q2 GAAP earnings per share $0.56 from continuing operations . Q2 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Sees Q3 2017 non-GAAP earnings per share $0.43 to $0.47 . Qtrly enterprise revenue $8,533 million versus $8,528 million last year . Sees Q3 enterprise revenue in range of $8.8 billion to $8.9 billion . Best Buy Co Inc sees Q3 international revenue change of flat to down 5 percent . Sees Q3 enterprise and domestic comparable sales of approximately 1 pct . Qtrly enterprise comparable sales up 0.8 percent . Beginning in January FY17, company will no longer issue an interim holiday press release . Anticipate both enterprise and domestic comparable sales growth of approximately 1 pct in Q3 . Will no longer issue an interim holiday press release due to increasing significance of month of Jan to co's overall Q4 results .Reaffirming expectation of approximately flat revenue for FY and raising our full year non-GAAP operating income outlook.  Full Article

Best Buy entered into a revolving credit facility agreement with JPMorgan Chase Bank N.A on June 27 - SEC Filing
Friday, 1 Jul 2016 

Best Buy Co Inc : On June 27 co entered into a $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank N.A . Five-Year facility agreement will replace previous $1.25 billion senior unsecured revolving credit facility .Five-Year facility agreement permits borrowings up to $1.25 billion and terminates in June 2021.  Full Article

Best Buy sets qtly cash dividend of $0.28/shr
Wednesday, 25 May 2016 

Best Buy Co Inc :Sets regular quarterly cash dividend of $0.28 per share.  Full Article

Best Buy says CFO Corie Barry will receive annual base salary of $750,000
Tuesday, 24 May 2016 

Best Buy Co Inc :Cfo corie barry will receive an annual base salary of $750,000 - sec filing.  Full Article

Best Buy Co Inc says Corie Barry to become CFO
Tuesday, 24 May 2016 

Best Buy Co Inc : Best Buy announces internal succession plan for company's chief administrative and chief financial officer . Current chief strategic growth officer to assume CFO role . CAO and CFO Sharon Mccollam to step down at conclusion of company's annual shareholder meeting in June . Mccollam will remain with company in an advisory capacity until end of fiscal year, January 28, 2017 .Corie Barry, current chief strategic growth officer, will become chief financial officer at conclusion of annual shareholder meeting.  Full Article

Photo

U.S. online sales surge, shoppers throng stores on Thanksgiving evening

U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving evening, and more bargain hunters turned up at stores this year after two weak holiday seasons as retailers opened their doors early on the eve of Black Friday. | Video