Best Buy Reports Holiday Revenue Results

Domestic Revenue Decreased 0.8% Repurchased $203 million in Stock for a Year-to-Date Total of $588 million Improving the Fourth Quarter Operating Margin Outlook MINNEAPOLIS–(BUSINESS WIRE)– Best Buy Co., Inc. (NYSE:BBY) today announced revenue results for the nine weeks ended January 2, 2016 as compared to the nine weeks ended January 3, 2015.               Fiscal 2016 Holiday Revenue Summary     9 weeks endedJanuary 2, 2016     9 weeks endedJanuary 3, 2015 Enterprise Revenue ($ in millions)1     $10,961     $11,366 Domestic segment     $10,050     $10,132 Domestic segment year-over-year […]

Cognizant Technology Solutions CFO, Karen McLoughlin, Joins Best Buy Board of Directors

MINNEAPOLIS–(BUSINESS WIRE)– Best Buy Co., Inc. announced today the appointment of Karen McLoughlin to its Board of Directors. McLoughlin is the chief financial officer at Cognizant Technology Solutions (Nasdaq: CTSH), a Fortune 500 company and leading provider of information technology, business process and consulting services. McLoughlin, 50, joined Cognizant in 2003 and has spearheaded several critical transformation initiatives during her time with the company. She has been the chief financial officer since 2012, overseeing the company’s worldwide accounting and controllership, enterprise risk management, financial planning and analysis, internal audit, investor relations, tax and treasury functions. “Karen’s knowledge of the IT […]

Best Buy Announces Regular Quarterly Cash Dividend

MINNEAPOLIS–(BUSINESS WIRE)– The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on October 6, 2015, to shareholders of record as of the close of business on September 15, 2015. The company had 344,258,055 shares of common stock issued and outstanding as of August 1, 2015. Source: Best Buy Co., Inc. Best Buy Co., Inc.Investor Contact:Mollie O’Brien, 612-291-7735Investor Relationsmollie.obrien@bestbuy.com or Media ContactsAmy von Walter, 612-437-5956Public Relationsamy.vonwalter@bestbuy.com or Jeff Shelman, 612-291-6114Public Relationsjeffrey.shelman@bestbuy.com

Best Buy Reports Second Quarter Results

Domestic Segment Revenue Increased 3.9% Non-GAAP Diluted EPS from Continuing Operations Increased 17% to $0.49 GAAP Diluted EPS from Continuing Operations Increased 18% to $0.46 MINNEAPOLIS–(BUSINESS WIRE)– Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2 FY16”) ended August 1, 2015 as compared to the second quarter (“Q2 FY15”) ended August 2, 2014.               Q2 FY16   Q2 FY15 Enterprise Revenue ($ in millions)1   $8,528   $8,459 Domestic segment   $7,878   $7,585 International segment1   $650   $874 Enterprise Comparable Sales % Change:         […]

Best Buy Announces Regular Quarterly Cash Dividend

MINNEAPOLIS–(BUSINESS WIRE)–The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on July 2, 2015, to shareholders of record as of the close of business on June 11, 2015. The company had 353,229,891 shares of common stock issued and outstanding as of May 2, 2015. Best Buy Co., Inc.Investor Contact: Mollie O’Brien, 612-291-7735mollie.obrien@bestbuy.com orMedia Contact: Amy von Walter, 612-291-4490amy.vonwalter@bestbuy.com

Best Buy Reports First Quarter Results

Non-GAAP Diluted EPS from Continuing Operations of $0.37 GAAP Diluted EPS from Continuing Operations of $0.10 MINNEAPOLIS–(BUSINESS WIRE)– Best Buy Co., Inc. (NYSE: BBY) today announced results for the first quarter (“Q1 FY16”) ended May 2, 2015 as compared to the first quarter (“Q1 FY15”) ended May 3, 2014. During the quarter, as announced on March 28, 2015, the company consolidated the Future Shop and Best Buy brands in Canada under the Best Buy brand. This consolidation is expected to have a material impact on all of the Canadian retail stores and the website on a year-over-year basis. As such, […]

Best Buy Announces Retirement of Board Chairman, Hatim Tyabji, Names Hubert Joly as Chairman & CEO

MINNEAPOLIS–(BUSINESS WIRE)– Best Buy Co., Inc. (NYSE: BBY) announced today that Board Chairman Hatim Tyabji is retiring from the Board effective June 9, 2015. Tyabji has been a Board member since 1998 and chairman of the Best Buy Board of Directors since 2012. Best Buy President and CEO, Hubert Joly , will succeed Tyabji and take on the additional role of Board chairman. Russell P. Fradin , President and CEO of SunGard and a Best Buy Board member since April 2013, will serve as Lead Independent Director. “My association with Best Buy has been more rewarding than words can express,” […]