Best Buy Co Inc (BBY) Key Developments | Reuters.com
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Best Buy Co Inc (BBY)

BBY on New York Consolidated

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

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

Best Buy Co Inc warns of FY 2016 profit hit as it consolidates Canadian stores - Reuters
Saturday, 28 Mar 2015 02:07pm EDT 

Best Buy Co Inc:Plans to close some stores and consolidate its operations in Canada in a move that will hurt earnings this year - Reuters.To close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores.The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about $200 mln to $280 mln in restructuring charges.Also plans to spend C$200 mln ($160 mln) to improve its online operations in Canada, increase staffing at remaining stores, and launch a range of home appliances, among other initiatives.Expects these changes to cut EPS by 10 cents to 20 cents in the current year.That is up to 8 pct of the average analyst estimate for FY 2016 EPS of $2.56, according to Thomson Reuters StarMine.  Full Article

BRIEF-Best Buy sets qtly cash dividend of $0.28/shr

* Sets regular quarterly cash dividend of $0.28 per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)