Best Buy Inc Stock Price, News & Analysis

Best Buy (BBY) reported Q1 FY26 results with revenue of $8.77 billion, down from $8.85 billion year-over-year. Comparable sales decreased 0.7%, showing improvement from the 6.1% decline in Q1 FY25. The company's online sales grew 2.1%, representing 31.7% of domestic revenue. Operating income margin decreased to 2.5% from 3.5% last year, while adjusted diluted EPS was $1.15, down from $1.20. Best Buy updated its FY26 guidance, now expecting comparable sales between -1% to +1% and adjusted diluted EPS of $6.15 to $6.30. The company returned $302 million to shareholders through dividends ($202M) and share repurchases ($100M). Best Buy announced a quarterly dividend of $0.95 per share, payable July 10, 2025.

UGREEN has announced a significant partnership with Best Buy (BBY), making its electronic devices and accessories available on BestBuy.com and in hundreds of physical stores across the United States. The collaboration marks a major expansion of UGREEN's North American presence, allowing the company to reach a broader customer base through Best Buy's extensive retail network.

The partnership will feature a curated selection of UGREEN's popular products, including the 45W Charger with Retractable Cable, Nexode Power Bank series (20000mAh 130W and 12000mAh 100W models), Magnetic Wireless Charger 15W, Nexode USB-C Charger 30W, and the MagFlow 2-in-1 Magnetic Wireless Charging Station.

Best Buy Canada has partnered with PingPong as its first cross-border payment service provider for its Marketplace platform. This strategic collaboration, announced on March 10, 2025, aims to facilitate international expansion and enable payouts to global sellers.

PingPong, a leading cross-border embedded payment solutions provider, brings significant capabilities to the partnership with:

• Over 60 financial licenses worldwide
• Support for 100+ currencies
• Operations in 200+ countries and regions

The partnership is expected to increase Gross Merchandise Volume (GMV), reduce operational costs, and enhance both seller and buyer experiences. Best Buy Canada joins other major marketplaces like Wish and Wayfair in utilizing PingPong's international payment capabilities.

Best Buy (NYSE:BBY) has announced its regular quarterly cash dividend payment. The Board of Directors has authorized a dividend of $0.95 per common share, which will be paid on April 15, 2025. Shareholders who are on record as of the close of business on March 25, 2025, will be eligible for this dividend payment. The company reported having 211,358,651 shares of common stock issued and outstanding as of February 1, 2025.

Best Buy (BBY) reported Q4 FY25 results with comparable sales increasing 0.5%. The company achieved revenue of $12.72 billion in domestic sales, with online revenue representing 39.5% of total domestic revenue. Computing, tablets, and services drove comparable sales growth, while appliances, home theater, and gaming categories declined.

Key financial metrics include GAAP diluted EPS of $0.54 (impacted by a $2.02 goodwill impairment) and adjusted diluted EPS of $2.58. The company recorded a $475 million pre-tax non-cash goodwill impairment related to Best Buy Health. For FY26, Best Buy projects revenue between $41.4-42.2 billion, with comparable sales growth of 0-2% and adjusted diluted EPS of $6.20-6.60.

The company announced a 1% increase in quarterly dividend to $0.95 per share and plans to spend approximately $300 million on share repurchases in FY26.

Best Buy Ads Canada has partnered with Rokt, an ecommerce technology company, to enhance customer experiences through AI-driven personalized advertising. The partnership enables Best Buy to display curated third-party brand messages on BestBuy.ca's confirmation page from non-endemic advertisers like Sirius XM, HelloFresh, and DoorDash.

Rokt's machine learning technology targets shoppers during the final stages of transactions when conversion likelihood is highest. The partnership aims to drive customer engagement and loyalty through personalized ad experiences. Rokt's network is expected to power over 4.6 billion transactions in 2024 across more than 20,000 businesses.

Best Buy (NYSE:BBY) has declared its regular quarterly cash dividend of $0.94 per common share. The dividend will be paid on January 7, 2025, to shareholders of record as of December 17, 2024. The company reported having 213,764,409 shares of common stock issued and outstanding as of November 2, 2024.

Best Buy (BBY) reported Q3 FY25 results with enterprise revenue of $9.45 billion, down from $9.76 billion in Q3 FY24. Comparable sales declined 2.9%, while GAAP diluted EPS increased 4% to $1.26. The company updated its FY25 guidance, projecting revenue between $41.1-41.5 billion and comparable sales decline of 2.5-3.5%. Domestic revenue decreased 3.3% to $8.70 billion, with online revenue representing 31.4% of total domestic sales. The company maintained its non-GAAP operating income rate guidance of 4.1-4.2% for the full year.

MANSCAPED, the global men's grooming company, announces its expansion into Best Buy Canada, launching in 127 stores and online at bestbuy.ca. This move builds upon their existing partnership with Best Buy in the US. The product lineup includes premium grooming tools and curated kits such as The Lawn Mower® 5.0 Ultra Essentials Kit ($149.99 CAD), The Lawn Mower® 4.0 Pro Refined Kit ($149.99 CAD), and The Beard Hedger® Essentials Kit ($169.99 CAD), among others. The launch coincides with the holiday season, offering Canadian consumers direct access to MANSCAPED's grooming products through Best Buy's retail network.