Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing and mobile phones, such as computing covering desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions, networking products, tablets covering e-readers, and wearables, such as smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry appliances, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as beverages, snacks, and sundry items, as well as baby products, furniture, luggage, and sporting goods. In addition, it provides consultation, delivery, design, installation, memberships, protection plans, repair, set-up, and technical support services, as well as connected health services for aging consumers. The company offers its products through stores and websites under the BestBuy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia, Pacific Kitchen, and Home, as well as the domain names bestbuy.com and greatcall.com. As of January 30, 2021, it had 1,126 large-format and 33 small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.
IPO Year:
Exchange: NYSE
Website: investors.bestbuy.com/investor-relations/overview/defau
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/27/2024 | $115.00 → $110.00 | Outperform | Telsey Advisory Group |
8/30/2024 | $95.00 → $115.00 | Outperform | Telsey Advisory Group |
6/17/2024 | $85.00 → $106.00 | Neutral → Buy | UBS |
6/3/2024 | $67.00 → $100.00 | Sell → Buy | Citigroup |
5/23/2024 | $95.00 | Outperform → Market Perform | Telsey Advisory Group |
4/8/2024 | $95.00 → $94.00 | Buy | Jefferies |
3/22/2024 | $89.00 → $101.00 | Neutral → Overweight | JP Morgan |
3/20/2024 | $85.00 → $95.00 | Market Perform → Outperform | Telsey Advisory Group |
3/1/2024 | $75.00 → $85.00 | Market Perform | Telsey Advisory Group |
12/11/2023 | $69.00 → $89.00 | Hold → Buy | Jefferies |
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Collaboration Aims to Drive Sustainability and Inspire the Next Generation of Innovators NEW YORK, April 8, 2024 /PRNewswire/ -- In an exciting new activation, Microsoft, Junk Kouture, and Best Buy have joined forces in driving eco-conscious habits, responsibly recycling old electronics, and a shared commitment to sustainability. The trio are amplifying and empowering the voices of New York's young creatives, offering them a platform to inspire nationwide recycling efforts, drive change in support of a brighter future, powered by the versatility of the Microsoft Surface Pro 9. The quest begins with high school students participating in the Junk Kouture program,
Best Buy Co., Inc. (NYSE:BBY) announced today that current Board Chairman, J. Patrick Doyle, will retire from his position, effective as of the expiration of his annual term on June 12, 2024. Doyle has served on Best Buy's Board of Directors since 2014 and has been chairman since 2020. David Kenny will succeed Doyle and will take on the chairman role, effective as of Doyle's retirement. Kenny is the executive chairman of Nielsen and has been on the Best Buy Board since 2013. For more than 10 years, Kenny has been an integral member of the Board and has provided thoughtful guidance that has contributed to the growth of Best Buy. "It's been an honor to serve as chairman on the Best Buy Bo
Best Buy Canada and Bell to operate 165 small-format consumer electronics retail stores across Canada, branded Best Buy ExpressBest Buy Express stores to offer leading consumer electronics from Best Buy and wireline and wireless services from Bell, Virgin Plus and Lucky MobileMONTRÉAL and VANCOUVER, BC, Jan. 18, 2024 /PRNewswire/ - Best Buy Canada and Bell Canada (TSX:BCE) (NYSE:BCE) have entered into a strategic partnership to operate 165 consumer electronics retail stores in Canada. The Source, a wholly owned subsidiary of Bell, will be rebranded as Best Buy Express and offer the latest in consumer electronics from Best Buy along with exclusive telecommunications services from Bell.
Best Buy Co., Inc. has appointed David C. Kimbell, a leading specialty retail executive, to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230801475128/en/David C. Kimbell, Ulta Beauty (Photo: Business Wire) Kimbell is the Chief Executive Officer of Ulta Beauty, the largest specialty beauty retailer in the U.S., and has held the role since June 2021. He also sits on its Board of Directors. Since joining Ulta Beauty in 2014, he has served in leadership roles including President and Chief Merchandising and Marketing Officer. Kimbell is a seasoned executive with more than 25 years of
Best Buy Co., Inc. (NYSE:BBY) today announced that Sima Sistani, a seasoned media and technology leader, and Melinda Whittington, a leading executive in the furniture industry, have been appointed to its Board of Directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230330005179/en/Sima Sistani Credit: WW International, Inc. Sistani serves as the Chief Executive Officer of WW International, Inc., a company focused on helping people adopt healthy habits through human-centric technology and community, which she joined in March 2022. She also serves as a member of its Board of Directors. Sistani has more
MINNEAPOLIS, March 14, 2023 (GLOBE NEWSWIRE) -- Tactile Systems Technology, Inc. ("Tactile Medical"; the "Company") (NASDAQ:TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the appointment of Elaine Birkemeyer to the position of Chief Financial Officer, effective March 20, 2023. Ms. Birkemeyer will succeed Brent Moen, who is retiring. "Elaine is a dynamic and purpose-driven leader with over 25 years of experience in finance, accounting, and business strategy, including extensive senior leadership experience at multiple Fortune 500 companies, leading large divisions within the healthcare, consumer and retail industries," said Da
MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co., Inc. (NYSE:BBY) today announced that Steven E. Rendle, a leading executive in the apparel industry, has been appointed to its board of directors, effective March 18. Rendle is the chairman, president and CEO of VF Corp., one of the world’s largest apparel, footwear and accessories companies with a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. The 120-year-old company’s purpose is to power movements of sustainable and active lifestyles for the betterment of people and the planet. VF, ranked No. 233 on the Fortune 500 list, is based in Denver and employs 50,000 people. Pr
PHOENIX, Jan. 13, 2021 /PRNewswire/ -- Item 9 Labs Corp. (OTCQX: INLB) ("Item 9 Labs" or the "Company"), a vertically integrated cannabis operator that produces premium products, today reported the Company's operating and financial results for the fiscal year (FY) ended September 30, 2020. Key Financial Highlights for FY 2020 Revenue increased 65% to $8.1 million Gross profit increased 39% to $3.3 million Operating loss decreased 46% to $5.4 million Operating expenses as a percentage of gross profit declined from 526% to 265% Adjusted EBITDA loss decreased 9% to $2.1 million Key Business Highlights for FY 2020 Ramped up cultivation and production operations Continued to improve th
MINNEAPOLIS--(BUSINESS WIRE)--Best Buy Co, Inc. (NYSE:BBY) today announced that Mario J. Marte, a leading e-commerce executive, has been appointed to its Board of Directors, effective immediately. Marte is the Chief Financial Officer of Chewy, Inc., the leading online pet retailer whose mission is to be the most trusted and convenient online destination for pet parents (and partners) everywhere. Partnering with more than 2,000 brands and employing more than 18,000 team members, Chewy was one of the standout IPOs in 2019, an effort in which Marte played a key role. Joining Chewy in April 2015 as Vice President of Finance and Treasury, Marte brought with him nearly two decades of
Partnership Enables Best Buy Ads Canada to Drive Engagement and Loyalty NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Rokt, the leading ecommerce technology company using machine learning and AI to make transactions more relevant to each shopper, today announced it has partnered with Best Buy Ads Canada ahead of the holiday season to deliver curated transaction experiences to the company's online customers. Best Buy Ads Canada will use Rokt's technology to power highly relevant messages from third-party brands, whose products and services the company does not directly sell itself, on the confirmation page of the BestBuy.ca ecommerce site.
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on January 7, 2025, to shareholders of record as of the close of business on December 17, 2024. The company had 213,764,409 shares of common stock issued and outstanding as of November 2, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20241126903983/en/
Comparable Sales Declined 2.9% GAAP Diluted EPS Increased 4% to $1.26 Non-GAAP Diluted EPS Decreased 2% to $1.26 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week third quarter ended November 2, 2024 ("Q3 FY25"), as compared to the 13-week third quarter ended October 28, 2023 ("Q3 FY24"). Q3 FY25 Q3 FY24 Revenue ($ in millions) Enterprise $ 9,445 $ 9,756 Domestic segment $ 8,697 $ 8,996 International segment $ 748 $ 760 Enterprise comparable sales %
Leading Global Men's Grooming Brand Builds on Existing Partnership with North America's Largest Consumer Electronics Retailer MANSCAPED®, the global men's grooming company and lifestyle consumer brand, today announces its launch in Best Buy Canada, the country's leading electronics retailer. The partnership extends MANSCAPED's presence in Canadian retail and builds upon its long-standing partnership with Best Buy in the US. As MANSCAPED's first national retail partner in consumer electronics in the region, Best Buy Canada will carry an assortment of the brand's premium grooming tools and curated kits in 127 stores across Canada, as well as online at bestbuy.ca. This press release feature
TAMPA, FL / ACCESSWIRE / November 15, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its three and nine month financial and operating results for the period ended September 30, 2024.Quarterly Highlights(For the 3 months ended September 30, 2024)Generated net loss attributable to GIP common shareholders of $2.1 million, or ($0.55) per basic and diluted share.Generated Core FFO of ($146 thousand), or ($0.03) per basic and diluted share.Generated Core AFFO of $100 thousand, or $0.02 per basic and diluted share.FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operat
Retailer shares first look at what's coming ahead of holiday, including a packed calendar of sales, an exciting lineup of the hottest tech and even more ways to shop and discover The official start of fall may still be days away, but for those ready to get the holiday season started, Best Buy is sharing a first look at how customers can get a jump start on the season—including big savings and tons of ways to discover the magic that tech can unlock this holiday. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916553217/en/Best Buy's countdown to the holiday season begins (Graphic: Business Wire) Save the dates The savings kick
Converting to Sealed Air helps company use more recycled content in packaging materials CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ -- Sealed Air (NYSE:SEE) is helping Best Buy (NYSE:BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America. Best Buy, the electronics, computer, appliances and technology product retailer, is taking meaningful action by using packaging that not only preserves the value of their products, but also supports the circular economy through use of packaging containing recycled content.
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on October 10, 2024, to shareholders of record as of the close of business on September 19, 2024. The company had 215,052,984 shares of common stock issued and outstanding as of August 3, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240829377236/en/
Comparable Sales Declined 2.3% GAAP Diluted EPS Increased 7% to $1.34 Non-GAAP Diluted EPS Increased 10% to $1.34 Raises FY25 Non-GAAP Diluted EPS Guidance Range to $6.10 to $6.35 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week second quarter ended August 3, 2024 ("Q2 FY25"), as compared to the 13-week second quarter ended July 29, 2023 ("Q2 FY24"). Q2 FY25 Q2 FY24 Revenue ($ in millions) Enterprise $ 9,288 $ 9,583 Domestic segment $ 8,623 $ 8,890 International
The Expansion Marks Inaugural Brick-and-Mortar Retailer Presence in the U.S. for the Award-Winning, Global Beauty Brand NEW YORK, June 18, 2024 /PRNewswire/ -- Ulike, the global leader and pioneer of IPL (Intense Pulsed Light) hair removal, announces today its launch in Best Buy stores nationwide and availability on BestBuy.com. The new distribution signals the brand's entrance into U.S. brick-and-mortar locations as the company continues to gain momentum and popularity with American consumers. Ulike is a world leader in the home hair removal industry and is committed to deli
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $110.00 from $115.00 previously
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $115.00 from $95.00 previously
UBS upgraded Best Buy from Neutral to Buy and set a new price target of $106.00 from $85.00 previously
Citigroup upgraded Best Buy from Sell to Buy and set a new price target of $100.00 from $67.00 previously
Telsey Advisory Group downgraded Best Buy from Outperform to Market Perform and set a new price target of $95.00
Jefferies reiterated coverage of Best Buy with a rating of Buy and set a new price target of $94.00 from $95.00 previously
JP Morgan upgraded Best Buy from Neutral to Overweight and set a new price target of $101.00 from $89.00 previously
Telsey Advisory Group upgraded Best Buy from Market Perform to Outperform and set a new price target of $95.00 from $85.00 previously
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Market Perform and set a new price target of $85.00 from $75.00 previously
Jefferies upgraded Best Buy from Hold to Buy and set a new price target of $89.00 from $69.00 previously
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The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on January 7, 2025, to shareholders of record as of the close of business on December 17, 2024. The company had 213,764,409 shares of common stock issued and outstanding as of November 2, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20241126903983/en/
Comparable Sales Declined 2.9% GAAP Diluted EPS Increased 4% to $1.26 Non-GAAP Diluted EPS Decreased 2% to $1.26 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week third quarter ended November 2, 2024 ("Q3 FY25"), as compared to the 13-week third quarter ended October 28, 2023 ("Q3 FY24"). Q3 FY25 Q3 FY24 Revenue ($ in millions) Enterprise $ 9,445 $ 9,756 Domestic segment $ 8,697 $ 8,996 International segment $ 748 $ 760 Enterprise comparable sales %
TAMPA, FL / ACCESSWIRE / November 15, 2024 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its three and nine month financial and operating results for the period ended September 30, 2024.Quarterly Highlights(For the 3 months ended September 30, 2024)Generated net loss attributable to GIP common shareholders of $2.1 million, or ($0.55) per basic and diluted share.Generated Core FFO of ($146 thousand), or ($0.03) per basic and diluted share.Generated Core AFFO of $100 thousand, or $0.02 per basic and diluted share.FFO and related measures are supplemental non-GAAP financial measures used in the real estate industry to measure and compare the operat
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on October 10, 2024, to shareholders of record as of the close of business on September 19, 2024. The company had 215,052,984 shares of common stock issued and outstanding as of August 3, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240829377236/en/
Comparable Sales Declined 2.3% GAAP Diluted EPS Increased 7% to $1.34 Non-GAAP Diluted EPS Increased 10% to $1.34 Raises FY25 Non-GAAP Diluted EPS Guidance Range to $6.10 to $6.35 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week second quarter ended August 3, 2024 ("Q2 FY25"), as compared to the 13-week second quarter ended July 29, 2023 ("Q2 FY24"). Q2 FY25 Q2 FY24 Revenue ($ in millions) Enterprise $ 9,288 $ 9,583 Domestic segment $ 8,623 $ 8,890 International
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on July 11, 2024, to shareholders of record as of the close of business on June 20, 2024. The company had 216,120,730 shares of common stock issued and outstanding as of May 4, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240530171021/en/
Comparable Sales Declined 6.1% GAAP Diluted EPS Increased 2% to $1.13 Non-GAAP Diluted EPS Increased 4% to $1.20 FY25 Non-GAAP Diluted EPS Guidance Range of $5.75 to $6.20 Unchanged Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week first quarter ended May 4, 2024 ("Q1 FY25"), as compared to the 13-week first quarter ended April 29, 2023 ("Q1 FY24"). Q1 FY25 Q1 FY24 Revenue ($ in millions) Enterprise $ 8,847 $ 9,467 Domestic segment $ 8,203 $ 8,801 International s
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. The quarterly dividend is payable on April 11, 2024, to shareholders of record as of the close of business on March 21, 2024. The company had 215,444,138 shares of common stock issued and outstanding as of February 2, 2024. View source version on businesswire.com: https://www.businesswire.com/news/home/20240229994298/en/
Comparable Sales Declined 4.8% GAAP Diluted EPS of $2.12 Non-GAAP Diluted EPS of $2.72 Increasing Quarterly Dividend 2% to $0.94 per Share Expects FY25 Non-GAAP Diluted EPS of $5.75 to $6.20 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 14-week fourth quarter ended February 3, 2024 ("Q4 FY24"), as compared to the 13-week fourth quarter ended January 28, 2023 ("Q4 FY23"). Q4 FY24 Q4 FY23 FY24 FY23 (14 weeks) (13 weeks) (53 weeks) (52 weeks) Revenue ($ in millions)
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.92 per common share. The quarterly dividend is payable on January 2, 2024, to shareholders of record as of the close of business on December 12, 2023. The company had 216,442,078 shares of common stock issued and outstanding as of October 28, 2023. View source version on businesswire.com: https://www.businesswire.com/news/home/20231121721815/en/
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