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Best Buy Announces Regular Quarterly Cash Dividend
Best Buy Reports Better-Than-Expected First Quarter Results
Best Buy Co Says On May 18, Entered Into A $1.25 Bln Five-Year Senior Unsecured Revolving Credit Facility Agreement
Best Buy Co., Inc. is a provider of technology products, services and solutions. The Company offers products and services to the customers visiting its stores, engaging with Geek Squad agents, or using its Websites or mobile applications. It has operations in the United States, Canada and Mexico. The Company operates through two segments: Domestic and International. The Domestic segment consists of the operations in all states, districts and territories of the United States, under various brand names, including Best Buy, bestbuy.com, Best Buy Mobile, Best Buy Direct, Best Buy Express, Geek Squad, Magnolia Home Theater, and Pacific Kitchen and Home. The International segment consists of all operations in Canada and Mexico under the brand names, Best Buy, bestbuy.com.ca, bestbuy.com.mx, Best Buy Express, Best Buy Mobile and Geek Squad. As of December 31, 2016, the Company operated 1,200 large-format and 400 small-format stores throughout its Domestic and International segments.
7601 Penn Ave S
Joseph Patrick Doyle
Independent Chairman of the Board
Corie S. Barry
Chief Executive Officer, Director
Matthew M. Bilunas
Chief Financial Officer
President, Best Buy Health
Chief Human Resource Officer
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Best Buy Co Inc raised its annual sales forecast on Thursday, saying the latest round of stimulus checks had kept consumers buying home electronics, while acknowledging that a reopening economy threatens to slow growth later in the year.
Best Buy Co Inc on Thursday raised its full-year comparable sales forecast, as fresh stimulus checks helped boost spending at its stores even as a reopening economy threatens to slow last year's pandemic-induced surge in demand.
Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment on Thursday as it missed holiday-quarter sales estimates, sending its shares down 8%.
Best Buy Co Inc forecast full-year comparable sales below analysts' estimates on Thursday, signaling that a pandemic-induced surge in demand for computer equipment would peter out in the coming months.
Masked shoppers turned up in smaller numbers at major U.S. retailers including Macy's Inc , Walmart Inc and Best Buy Co Inc on Black Friday as early online deals and worry about the spike in COVID-19 cases dulled enthusiasm for trips to the mall.
Best Buy Co Inc held back its holiday-quarter view and warned on Tuesday that a boom in work-from-home purchases was likely to lose steam as rising COVID-19 infections in the United States threaten to eat into pre-Christmas consumer confidence.
Best Buy Co Inc beat quarterly comparable sales estimates on Tuesday, boosted by demand for laptops, webcams and other computer accessories as customers settled into work-at-home lifestyles.
Walmart Inc, Best Buy Co Inc and hundreds of smaller retailers are bolstering their online gift features, hoping to challenge Amazon.com Inc's dominance as a seller of holiday gifts to homebound shoppers.
Eager to capture any holiday-related spending as early as possible this year, Walmart Inc, ASOS, Best Buy and other major retailers are turning Black Friday into a multi-day promotion.
* Beats second-quarter sales, profit estimates (Adds CEO comment from conference call)
Best Buy Co Inc beat quarterly same-store sales estimates on Tuesday as online demand for computers and other electronic accessories needed to work from home surged for a second straight quarter.
Best Buy Inc said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a surge in online shopping for electronic devices and appliances, sending its shares up 4% in extended trading.
Best Buy Co Inc said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.
Best Buy Co Inc reported a 5.3% fall in quarterly same-store sales on Thursday, as the electronics retailer had to close stores due to the COVID-19 pandemic.
Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees and that its sales dropped about 5% in the first two months of the current quarter, as the electronics retailer kept its stores shut due to the coronavirus pandemic.
Electronics retailer Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees but retain a vast majority of its full-time store and field workers to cater to a surge in demand for work-from-home equipment due to the coronavirus lockdowns.
Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.
Retailer Best Buy Co Inc said on Wednesday Executive Chairman Hubert Joly would step down and will not stand for re-election at the shareholder meeting on June 11.
Best Buy Co Inc beat quarterly same-store sales estimates on Thursday on strong online and app sales, overcoming a largely disappointing holiday season for brick-and-mortar retailers.
U.S. consumer electronics retailer Best Buy Co said on Tuesday its board cleared Chief Executive Officer Corie Barry of misconduct allegations following an independent review.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.