Best Buy Inc Stock Price, News & Analysis

Best Buy (NYSE:BBY) has declared its regular quarterly cash dividend of $0.95 per common share. The dividend will be paid on October 9, 2025, to shareholders of record as of September 18, 2025. The company reported having 210,416,254 shares of common stock issued and outstanding as of August 2, 2025.

Best Buy (NYSE: BBY) reported strong Q2 FY26 results with enterprise comparable sales growth of 1.6%, marking its highest growth in three years. The company achieved revenue of $9.44 billion, up from $9.29 billion last year, driven by gaming, computing, and mobile phones sales.

Q2 highlights include diluted EPS of $0.87 and adjusted diluted EPS of $1.28. Domestic online revenue grew 5.1% to $2.86 billion, representing 32.8% of total domestic revenue. The company incurred $114 million in restructuring charges and returned $266 million to shareholders through dividends and share repurchases.

Best Buy reiterated its FY26 guidance, expecting revenue between $41.1-41.9 billion and adjusted diluted EPS of $6.15-$6.30, trending toward the higher end of the sales range despite tariff uncertainties.

Best Buy (NYSE:BBY) has launched its digital marketplace powered by Mirakl, marking the company's largest product assortment expansion ever. The initiative more than doubles the number of products available on BestBuy.com and the Best Buy App, introducing new categories beyond traditional tech offerings.

The marketplace introduces several key expansions: enhanced tech options from major brands like Samsung and Microsoft, upcoming licensed sports merchandise through Fanatics, expanded small appliances selection, tripled furniture assortment, and new categories including seasonal decor, musical instruments, and movies. Customers can return marketplace items at physical Best Buy stores, and Blue Shirt staff will assist with both in-store and online shopping experiences.

Best Buy (NYSE:BBY) and IKEA U.S. have announced a groundbreaking partnership to pilot new in-store planning and shopping experiences in select locations. The collaboration will launch in 10 stores across Florida and Texas, featuring 1,000-square-foot IKEA footprints within Best Buy stores.

The partnership marks IKEA's first-ever cross-brand retail experience in the U.S., combining Best Buy's appliance expertise with IKEA's home furnishing solutions. Customers will have access to dedicated IKEA co-workers for planning and ordering, alongside Best Buy's blue shirts for electronics advice. Additionally, two pilot stores in Lakeland, Florida and Alamo Ranch, Texas will serve as free pickup points for most IKEA U.S. products.

Roku (NASDAQ:ROKU) has announced the launch of its first-ever Roku-made TVs in Canada, available exclusively through Best Buy Canada. The new Roku Select Series TVs lineup includes QLED 4K models ranging from 50" to 75", along with smaller HD and 4K options from 32" to 40".

The TVs feature the Roku operating system, providing access to popular apps, The Roku Channel, and over 200 live TV channels. The 4K QLED models are priced starting at $419.99, while smaller sizes will start at $199.99. The products are available online immediately at BestBuy.ca and will be in stores from July 22, with some models launching this fall.

Best Buy (NYSE:BBY) has announced its regular quarterly cash dividend of $0.95 per common share, to be paid on July 10, 2025. Shareholders of record as of June 19, 2025, will be eligible for this dividend payment. The company reported having 211,299,033 shares of common stock issued and outstanding as of May 3, 2025. This quarterly dividend announcement demonstrates Best Buy's commitment to returning value to shareholders through regular dividend payments.

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.