Edition:
United States

Best Buy Co Inc (BBY)

BBY on New York Consolidated

56.49USD
22 Nov 2017
Change (% chg)

$0.43 (+0.77%)
Prev Close
$56.06
Open
$56.54
Day's High
$57.15
Day's Low
$56.34
Volume
3,320,023
Avg. Vol
4,460,102
52-wk High
$63.32
52-wk Low
$41.67

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

BRIEF-Best Buy sets regular quarterly cash dividend of $0.34 per share

* Sets regular quarterly cash dividend of $0.34 per share Source text for Eikon: Further company coverage: