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Best Buy Co. Inc. - BBY STOCK NEWS

Welcome to our dedicated news page for Best Buy Co. (Ticker: BBY), a resource for investors and traders seeking the latest updates and insights on Best Buy Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Best Buy Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Best Buy Co.'s position in the market.

News
Best Buy and CNET Partner to Enhance Customer Shopping Journey
Rhea-AI Summary
Best Buy and CNET have partnered to revolutionize the customer shopping experience by integrating CNET recommendations across Best Buy channels. This collaboration aims to enhance the shopping journey for customers, offering curated content and expert advice from CNET's experts. Advertisers will benefit from a new retail media model, allowing them to engage with a larger audience and gain valuable insights. Positive results from testing include increased consumer trust and a significant lift in purchase intent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
partnership
-
News
Best Buy, Google Cloud, and Accenture Partner to Create a Better Customer Support Experience with Generative AI
Rhea-AI Summary
Best Buy partners with Google Cloud and Accenture to enhance customer care with generative AI technology, aiming to provide self-service options and tools for customer service agents. The collaboration will introduce gen AI-powered virtual assistants for customers and employees, improving interactions and personalization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
partnership AI
-
News
Microsoft, Junk Kouture, and Best Buy Unite to Foster Eco-Conscious Innovation
Rhea-AI Summary
Microsoft, Junk Kouture, and Best Buy collaborate to promote sustainability and inspire young creatives in New York. The partnership aims to drive eco-conscious habits, recycle old electronics responsibly, and empower the youth through innovative designs using the Microsoft Surface Pro 9.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
News
Best Buy to Present at the UBS Global Consumer and Retail Conference on March 14
Rhea-AI Summary
Best Buy (BBY) to present at UBS Global Consumer and Retail Conference on March 14, 2024, providing a webcast for investors and the public.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
conferences
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News
Best Buy Announces Retirement of Board Chairman J. Patrick Doyle, Appoints David Kenny
Rhea-AI Summary
Best Buy Co., Inc. (NYSE: BBY) announced the retirement of current Board Chairman J. Patrick Doyle, effective June 12, 2024. David Kenny will succeed Doyle as chairman, bringing extensive experience from Nielsen. Kenny has been a pivotal member of the Board for over a decade, contributing to Best Buy's growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
management
-
News
Best Buy Announces Regular Quarterly Cash Dividend
Rhea-AI Summary
Best Buy Co., Inc. (BBY) announces a regular quarterly cash dividend of $0.94 per common share, payable on April 11, 2024, to shareholders of record as of March 21, 2024. The company had 215,444,138 shares of common stock issued and outstanding as of February 2, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.66%
Tags
dividends
News
Best Buy Reports Fourth Quarter Results
Rhea-AI Summary
Best Buy Co., Inc. (NYSE: BBY) reported a 4.8% decline in comparable sales for Q4 FY24, with GAAP diluted EPS of $2.12 and non-GAAP diluted EPS of $2.72. The company increased its quarterly dividend by 2% to $0.94 per share and expects FY25 non-GAAP diluted EPS of $5.75 to $6.20. Despite lower sales, Best Buy CEO Corie Barry highlighted strong operational execution, profitability, and customer experience improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
earnings
-
News
Best Buy Canada and Bell Canada partner to deliver the next evolution of consumer electronics retail for Canadian consumers
Rhea-AI Summary
Best Buy Canada and Bell Canada have entered into a strategic partnership to operate 165 consumer electronics retail stores in Canada. The Source, a subsidiary of Bell, will be rebranded as Best Buy Express and offer consumer electronics from Best Buy along with exclusive telecommunications services from Bell. The partnership aims to deliver an exceptional shopping experience for Canadians, leveraging the strengths of both companies. Best Buy will expand its presence in malls and smaller communities, offering an easy-to-navigate store format. Best Buy Express is expected to open in locations across Canada starting in the second half of 2024, providing customers with a wider selection of consumer electronics and the option for full delivery or pick up of online orders in Best Buy or Best Buy Express stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
partnership
-
News
Best Buy Announces Regular Quarterly Cash Dividend
Rhea-AI Summary
Best Buy Co., Inc. (BBY) authorizes a regular quarterly cash dividend of $0.92 per common share. The dividend is payable on January 2, 2024, to shareholders of record as of December 12, 2023. The company had 216,442,078 shares of common stock issued and outstanding as of October 28, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
dividends
News
Best Buy Reports Third Quarter Results
Rhea-AI Summary
Best Buy Co., Inc. (BBY) reported a 6.9% decline in comparable sales for Q3 FY24 with a GAAP diluted EPS of $1.21 and non-GAAP diluted EPS of $1.29. The company lowered its annual revenue outlook and expects a decline in comparable sales for FY24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
Tags
earnings
Stock BBY logo
Best Buy Co. Inc.

NYSE:BBY

BBY Rankings

#596 Ranked by Market Cap
#2370 Ranked by Stock Gains
#632 Ranked by Dividends

BBY Stock Data

16.19B
193.56M
11.29%
84.59%
6.83%
Electronics Stores
Retail Trade
Link
US
Richfield

About BBY

best buy is a leading provider of technology products, services and solutions. the company offers expert service at an unbeatable price more than 1.5 billion times a year to the consumers, small business owners and educators who visit our stores, engage with geek squad agents or use bestbuy.com or the best buy app. the company has operations in the u.s and canada, where more than 70 percent of the population lives within 15 minutes of a best buy store, as well as in mexico where best buy has a physical and online presence. as for our workforce, our employees’ knowledge, passion and commitment are recognized through pay, benefits and other rewards that are among the best in the industry, including an industry-leading employee discount on the latest and greatest products. to learn more about opportunities at best buy follow us on twitter @bestbuy_careers and check out our career site http://www.bestbuy-jobs.com/