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 |
|---|---|---|---|
| 5/23/2025 | $100.00 → $90.00 | Outperform | Telsey Advisory Group |
| 4/3/2025 | $70.00 | Buy → Neutral | Citigroup |
| 3/5/2025 | $110.00 → $100.00 | Outperform | Telsey Advisory Group |
| 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 |
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on July 10, 2025, to shareholders of record as of the close of business on June 19, 2025. The company had 211,299,033 shares of common stock issued and outstanding as of May 3, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250529209981/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
Comparable Sales Decreased 0.7% Diluted EPS of $0.95 Adjusted Diluted EPS of $1.15 Expects FY26 Adjusted Diluted EPS of $6.15 to $6.30 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week first quarter ended May 3, 2025 ("Q1 FY26"), as compared to the 13-week first quarter ended May 4, 2024 ("Q1 FY25"). Q1 FY26 Q1 FY25 Revenue ($ in millions) Enterprise $ 8,767 $ 8,847 Domestic segment $ 8,127 $ 8,203 International segment $ 640 $ 644
UGREEN's innovative electronic devices and accessories now available on BestBuy.com and in hundreds of Best Buy retail stores nationwide. WILMINGTON, Del., May 26, 2025 /PRNewswire/ -- UGREEN, a global innovator in consumer electronics, today announced that Best Buy, the world's largest specialty consumer electronics retailer, now offers UGREEN's sought-after products to Best Buy customers via BestBuy.com and hundreds of Best Buy brick-and-mortar locations across the United States. Since its founding, UGREEN has focused on delivering technologically advanced products that meet
The micromobility leader taps trusted retailer to make its newest electric commuter scooter available in Canada. ARCADIA, Calif., May 15, 2025 /CNW/ -- Segway, recently named No. 1 in global electric kick-scooter (eKickScooter) sales with more than 13 million sold worldwide, is partnering with Best Buy Canada to exclusively launch its new Segway Ninebot F3 Pro eKickScooter. Available at more than 90 retail locations across Canada and online at BestBuy.ca, the latest addition to the brand's popular mid-level F-series line can be pre-ordered at a limited-time price of $699.99 CAD ($1,199.99 MSRP).
Mat Povse takes the helm of Canada's largest consumer electronics retailer. VANCOUVER, BC, March 19, 2025 /CNW/ - Best Buy Canada welcomes Mat Povse as the company's new President. Mat, a familiar face within the company, steps into this role after an impressive 11-year journey with Best Buy Canada. Prior to President, Mat held several roles in the company, most recently as Senior Vice President of Best Buy Retail, Geek Squad Services and Best Buy Business, where he and his team were responsible for hundreds of stores, thousands of Blue Shirts and Agents and millions of custom
NEW YORK and VANCOUVER, BC, March 10, 2025 /PRNewswire/ -- Best Buy Canada has selected PingPong, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong's easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers. By leveraging PingPong's global capability BestBuy Canada will have the opportunity to unlock new revenue streams and cross-border operational efficiencies. To date, PingPong has se
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on April 15, 2025, to shareholders of record as of the close of business on March 25, 2025. The company had 211,358,651 shares of common stock issued and outstanding as of February 1, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250304063213/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
NEW YORK, March 4, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Trinity Chavez delivers the pre-market update on March 4th Target (NYSE: TGT) earnings beat Q4 expectations, led by increase in comparable salesBest Buy (NYSE: BBY) beats Q4 estimates, sees sales uptick and dividend boostStock futures are edging higher, recovering from yesterday's declinesWatch NYSE TV Live every weekday 9:00-10:00am ET
Comparable Sales Increased 0.5% GAAP Diluted EPS of $0.54 Included a Goodwill Impairment of ($2.02) Adjusted* Diluted EPS of $2.58 Increasing Quarterly Dividend 1% to $0.95 per Share Expects FY26 Adjusted* Diluted EPS of $6.20 to $6.60 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week fourth quarter ended February 1, 2025 ("Q4 FY25"), as compared to the 14-week fourth quarter ended February 3, 2024 ("Q4 FY24"). FY25 had 52 weeks compared to 53 weeks in FY24. The company estimates the impact of the extra week in Q4 FY24 added approximately $735 million in revenue, approximately 15 basis points of adjusted1 operating income rate and approximately $0.30 of adjus
15 schools and teams to receive funding for cutting-edge technology to inspire and motivate their students through new tech skills VANCOUVER, BC, Jan. 30, 2025 /CNW/ - What if a world of possibilities could be unlocked for students at your local secondary school? Best Buy Canada is thrilled to announce the first ever winners for its Teen Tech Grants and Teen Tech Teams initiatives, elements of the newly launched Teen Tech For Tomorrow program. 15 winning secondary schools and robotics teams will be provided grants aimed to improve access to important tech for Canadian teens. F
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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 $0.95 per common share. The quarterly dividend is payable on July 10, 2025, to shareholders of record as of the close of business on June 19, 2025. The company had 211,299,033 shares of common stock issued and outstanding as of May 3, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250529209981/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
Comparable Sales Decreased 0.7% Diluted EPS of $0.95 Adjusted Diluted EPS of $1.15 Expects FY26 Adjusted Diluted EPS of $6.15 to $6.30 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week first quarter ended May 3, 2025 ("Q1 FY26"), as compared to the 13-week first quarter ended May 4, 2024 ("Q1 FY25"). Q1 FY26 Q1 FY25 Revenue ($ in millions) Enterprise $ 8,767 $ 8,847 Domestic segment $ 8,127 $ 8,203 International segment $ 640 $ 644
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on April 15, 2025, to shareholders of record as of the close of business on March 25, 2025. The company had 211,358,651 shares of common stock issued and outstanding as of February 1, 2025. View source version on businesswire.com: https://www.businesswire.com/news/home/20250304063213/en/ Investor Contact: Mollie O'Brien [email protected] Media Contact: Carly Charlson [email protected]
NEW YORK, March 4, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Trinity Chavez delivers the pre-market update on March 4th Target (NYSE: TGT) earnings beat Q4 expectations, led by increase in comparable salesBest Buy (NYSE: BBY) beats Q4 estimates, sees sales uptick and dividend boostStock futures are edging higher, recovering from yesterday's declinesWatch NYSE TV Live every weekday 9:00-10:00am ET
Comparable Sales Increased 0.5% GAAP Diluted EPS of $0.54 Included a Goodwill Impairment of ($2.02) Adjusted* Diluted EPS of $2.58 Increasing Quarterly Dividend 1% to $0.95 per Share Expects FY26 Adjusted* Diluted EPS of $6.20 to $6.60 Best Buy Co., Inc. (NYSE:BBY) today announced results for the 13-week fourth quarter ended February 1, 2025 ("Q4 FY25"), as compared to the 14-week fourth quarter ended February 3, 2024 ("Q4 FY24"). FY25 had 52 weeks compared to 53 weeks in FY24. The company estimates the impact of the extra week in Q4 FY24 added approximately $735 million in revenue, approximately 15 basis points of adjusted1 operating income rate and approximately $0.30 of adjus
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
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
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Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $90.00 from $100.00 previously
Citigroup downgraded Best Buy from Buy to Neutral and set a new price target of $70.00
Telsey Advisory Group reiterated coverage of Best Buy with a rating of Outperform and set a new price target of $100.00 from $110.00 previously
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
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