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Best Buy Co Inc (BBY.N)

BBY.N on New York Stock Exchange

65.32USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Best Buy sets regular quarterly cash dividend of $0.34 per share
Friday, 17 Nov 2017 08:00am EST 

Nov 17 (Reuters) - Best Buy Co Inc :Sets regular quarterly cash dividend of $0.34 per share.  Full Article

Best Buy reports Q3 earnings $0.78/shr
Thursday, 16 Nov 2017 07:00am EST 

Nov 16 (Reuters) - Best Buy Co Inc :Best Buy reports third quarter results.Q3 earnings per share $0.78 from continuing operations.Q3 earnings per share view $0.78 -- Thomson Reuters I/B/E/S.Sees Q4 2018 non-GAAP earnings per share $1.89 to $1.99.Best Buy Co Inc - ‍raising FY18 financial outlook​.Qtrly ‍enterprise comparable sales increased 4.4%​.Best Buy Co Inc - ‍planning to spend approximately $2 billion on share repurchases this fiscal year, versus our original expectation of $1.5 billion​.Best Buy Co Inc - ‍raising full year revenue growth outlook to 4.0% to 4.8%​.Best Buy Co Inc - ‍raising FY non-GAAP operating income growth outlook to 7.0% to 9.5%​.Best Buy Co Inc - qtrly enterprise revenue ‍​$9,320 million versus $8,945 million.Best Buy Co Inc - ‍sees FY18 enterprise revenue of $41.0 billion to $41.3 billion, or growth of 4.0% to 4.8%​.Best Buy Co Inc sees ‍on a 52-week basis, enterprise revenue growth of approximately 3.0% for fy18​.Best Buy Co Inc sees ‍on a 52-week basis, enterprise non-GAAP operating income growth rate of 3.0% to 6.5% for fy18​.Best Buy Co - ‍"despite our moderate expectations for mobile phone launches in quarter, revenue in mobile category was materially lower than expected"​.Best Buy Co Inc - ‍estimate that related costs from natural disasters negatively impacted eps by approximately $0.03​ in quarter.Best Buy Co Inc - ‍estimate loss of revenue by natural disasters​ impacted enterprise comparable sales by 15 to 20 basis points in quarter.  Full Article

Best Buy sees adjusted diluted earnings of $4.75 to $5 for fiscal 2021​
Tuesday, 19 Sep 2017 08:30am EDT 

Sept 19 (Reuters) - Best Buy Co Inc -:Best Buy investor day details 'best Buy 2020: building the new blue' growth strategy.Best Buy Co Inc - ‍provides long-term financial targets for fiscal 2021​.Best Buy Co Inc sees ‍enterprise revenue of $43 billion for fiscal 2021 versus $39.4 billion in fiscal 2017​.Best Buy Co Inc sees ‍non-gaap diluted eps of $4.75 to $5.00 for fiscal 2021​.Best Buy Co Inc - co ‍recently expanded its in-home advisor program to all major U.S. markets​.  Full Article

Best Buy sets regular quarterly cash dividend of $0.34 per share
Wednesday, 30 Aug 2017 08:00am EDT 

Aug 30 (Reuters) - Best Buy Co Inc :Sets regular quarterly cash dividend of $0.34 per share.  Full Article

Best Buy Co reports Q2 non-GAAP earnings per share of $0.69 from continuing operations
Tuesday, 29 Aug 2017 07:00am EDT 

Aug 29 (Reuters) - Best Buy Co Inc :Best Buy reports better-than-expected second quarter results.Q2 non-GAAP earnings per share $0.69 from continuing operations.Q2 GAAP earnings per share $0.67 from continuing operations.Q2 earnings per share view $0.63 -- Thomson Reuters I/B/E/S.Sees Q3 2018 non-GAAP earnings per share $0.75 to $0.80.Sees ‍Q3 FY18 enterprise revenue of $9.3 billion to $9.4 billion​.Best Buy Co Inc - qtrly enterprise revenue $8,940 million versus $8,533 million.Sees ‍Q3 FY18 enterprise comparable sales growth of 4.5 percent to 5.5 percent​.Best Buy Co Inc - qtrly enterprise comparable sales up 5.4 percent.Sees ‍FY18 enterprise revenue growth of approximately 4.0 percent​.Sees ‍FY18 enterprise non-GAAP operating income growth rate of 4.0 percent to 9.0 percent​.Sees ‍Q3 ‍enterprise comparable sales growth of 4.5 percent to 5.5 percent​.Sees ‍FY18 enterprise non-GAAP operating income growth rate of 2.0 percent to 6.0 percent on a 52-week basis​.‍On a 52-week basis, sees FY enterprise revenue growth of approximately 2.5 percent​.Q3 earnings per share view $0.65, revenue view $8.99 billion -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $3.90, revenue view $40.48 billion -- Thomson Reuters I/B/E/S.  Full Article

Best Buy Co sets regular qrtrly cash dividend of $0.34per share
Friday, 26 May 2017 08:00am EDT 

May 26 (Reuters) - Best Buy Co Inc : :Sets regular quarterly cash dividend of $0.34per share.  Full Article

Symantec says Norton Core is available for pre-order purchase at Amazon and Best Buy
Monday, 15 May 2017 08:00am EDT 

May 15 (Reuters) - Symantec Corp :Amazon, Best Buy offer pre-orders of Norton Core.Norton by Symantec announced that Norton Core, secure wi-fi router, is available for pre-order purchase at Amazon and Best Buy.  Full Article

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

Photo

U.S. online sales surge, shoppers throng stores on Thanksgiving evening

U.S. shoppers had splurged more than $1.52 billion online by Thanksgiving evening, and more bargain hunters turned up at stores this year after two weak holiday seasons as retailers opened their doors early on the eve of Black Friday. | Video