Edition:
United States

Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

51.77USD
4:00pm EDT
Change (% chg)

$0.62 (+1.21%)
Prev Close
$51.15
Open
$52.57
Day's High
$52.57
Day's Low
$50.99
Volume
833,607
Avg. Vol
1,202,257
52-wk High
$52.57
52-wk Low
$28.78

Latest Key Developments (Source: Significant Developments)

Iot Group says unit signed an agreement with Synnex Canada Ltd
Monday, 17 Apr 2017 07:17pm EDT 

April 18 (Reuters) - IoT Group Ltd IoT.AX::Unit IoT Group US LLC has signed an agreement with one of largest distribution companies in canada - Synnex Canada Limited.Synnex will represent IoT group us LLC within Canada and through Best Buy Canada.IoT marketing team currently working with Best Buy - Canada to finalize roll out programs such as point of sale.  Full Article

Best Buy Co announces two-year $3 bln share repurchase plan
Wednesday, 1 Mar 2017 07:01am EST 

Best Buy Co Inc : Best Buy Co Inc - two-year $3 billion share repurchase plan . Best BUY CO INC - 21 pct increase in quarterly dividend to $0.34 per share . Best Buy Co Inc - board of directors approved a new $5 billion share repurchase authorization for company's common stock . Best Buy Co Inc - company is targeting a non-GAAP dividend payout ratio between 35 pct and 45 pct. .Best Buy Co - new $5 billion share repurchase authorization supersedes existing authorization dated June 2011 which had $2.2 billion in purchases remaining.  Full Article

Best Buy reports Q4 non-GAAP earnings per share $1.95
Wednesday, 1 Mar 2017 07:00am EST 

Best Buy Co Inc : Best Buy reports better-than-expected fourth quarter earnings . Q4 non-GAAP earnings per share $1.95 from continuing operations . Best Buy Co Inc - Qtrly enterprise revenue $13,482 million versus $13,623 million . Sees Q1 2018 non-GAAP earnings per share $0.35 to $0.40 . Q4 earnings per share view $1.67 -- Thomson Reuters I/B/E/S . Best Buy Co - Announced 21% increase in our dividend and a share repurchase plan that accelerates from $1 billion over two years to $3 billion over two years . Best Buy Co Inc - Qtrly enterprise comparable sales down 0.7% . Best Buy Co Inc - Sees Q1 enterprise revenue in range of $8.2 billion to $8.3 billion . Best Buy Co Inc - Sees Q1 international comparable sales change in range of flat to 3.0% . Best Buy Co Inc - Sees FY enterprise revenue growth of approximately 1.5% on a 53-week basis . Best Buy Co Inc - Sees FY enterprise non-GAAP operating income growth rate in low single digits on a 53-week basis . Q1 earnings per share view $0.49 -- Thomson Reuters I/B/E/S .Q4 earnings per share view $1.67, revenue view $13.62 billion -- Thomson Reuters I/B/E/S.  Full Article

U.S. CPSC says Best Buy agrees to pay $3.8 million civil penalty
Monday, 3 Oct 2016 03:48pm EDT 

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 08:00am EDT 

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 07:00am EDT 

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
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

More From Around the Web

BRIEF-Robo 3D reached agreement with Best Buy, Staples and Amazon Canada

* Has reached agreement with Canadian retailers Best Buy, Staples, Amazon Canada