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Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

32.14USD
22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Best Buy entered into a revolving credit facility agreement with JPMorgan Chase Bank N.A on June 27 - SEC Filing
Thursday, 30 Jun 2016 04:39pm EDT 

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 08:00am EDT 

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 07:03am EDT 

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 07:01am EDT 

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

Best Buy reports Q1 gaap earnings per share of $0.69
Tuesday, 24 May 2016 07:00am EDT 

Best Buy Reports Better : Qtrly enterprise revenue $8,443 million versus $8,558 million last year . Qtrly domestic segment comparable sales essentially flat . For q2 fy17, our guidance is enterprise revenue in range of $8.35 billion to $8.45 billion . For q2 fy17, our guidance is enterprise and domestic comparable sales of approximately flat . Qtrly enterprise comparable sales fell 0.1 percent . Not raising full year outlook as q1 represents less than 15% of full year earnings . Expecting an approximate $0.03 net negative impact on q2 adjusted earnings per share from lapping of periodic profit sharing benefit from services plan portfolio . Expecting an approximate $0.06 negative impact from carryover of last september's services pricing investment on q2 adjusted earnings per share . Reaffirming previously provided full year financial outlook . Expecting slight declines in revenue in first half followed by growth in back half . In digital imaging, we are now expecting an approximate $0.03 to $0.04 negative impact for q2 due to april 2016 earthquake in japan . During q1 fy17, company made decisions to cease certain operations and restructure certain teams . As such, restructuring charges of $29 million were recorded primarily relating to asset impairments and severance in q1 . In q1 fy16, restructuring charges of $186 million were recorded primarily in relation to canadian brand consolidation . Than-Expected first quarter results.  Full Article

Best Buy Co Inc says 22% Increase in quarterly dividend and new $1 billion share repurchase program
Thursday, 25 Feb 2016 07:01am EST 

Best Buy Co Inc:Says 22% Increase in quarterly dividend to $0.28 per share.Says new $1 billion share repurchase program over two years.Says special dividend of $0.45 per share or approximately $145 million.Qtrly dividend and special dividend will be payable on April 7 to shareholders of record date as on march 17.  Full Article

Best Buy Co Inc announces regular quarterly cash dividend
Friday, 20 Nov 2015 08:00am EST 

Best Buy Co Inc:Authorized the payment of a regular quarterly cash dividend of $0.23 per common share.Dividend is payable on December 31.Record date as on December 10.  Full Article

Best Buy announces regular quarterly cash dividend
Wednesday, 26 Aug 2015 08:00am EDT 

Best Buy Co. Inc:Says it has authorized the payment of a regular quarterly cash dividend of $0.23 per common share.Says the quarterly dividend is payable on Oct. 6, to shareholders of record as of the close of business on Sept. 15.  Full Article

Best Buy Co announces regular quarterly cash dividend
Friday, 22 May 2015 08:00am EDT 

Best Buy Co Inc:Authorized the payment of a regular quarterly cash dividend of $0.23 per common share.The quarterly dividend is payable on July 2, to shareholders of record as of the close of business on June 11.  Full Article

Best Buy Co Inc announces chairman change
Monday, 13 Apr 2015 04:05pm EDT 

Best Buy Co Inc:Says Chairman Hatim Tyabji is retiring from the Board effective June 9.Hubert Joly, President and CEO, will succeed Tyabji and take on the additional role of chairman.  Full Article

BRIEF-Best Buy entered into a revolving credit facility agreement with JPMorgan Chase Bank N.A on June 27 - SEC Filing

* On June 27 co entered into a $1.25 billion five-year senior unsecured revolving credit facility agreement with JPMorgan Chase Bank N.A