Best Buy Co., Inc. reports news about its consumer electronics retail business, including merchandise categories such as computing and mobile phones, consumer electronics, appliances, entertainment and services. The company operates through Domestic and International segments and generates most revenue from its Domestic business.
Recurring updates cover quarterly operating results, comparable sales commentary, cash dividends, membership programs such as My Best Buy Plus and My Best Buy Total, credit-card rewards, seasonal promotions, fulfillment options and store and digital customer experience initiatives. Corporate news also includes board composition, executive leadership and investor conference participation.
Best Buy (BBY) and Amazon announced an expanded multiyear Fire TV partnership that keeps Fire TV as the exclusive TV software on all Insignia televisions and opens new Fire TV connected TV ad inventory to Best Buy Ads starting in February 2027.
Best Buy Ads will use Amazon Ads’ programmatic and AI-powered tools to plan, activate, optimize and measure campaigns on Fire TV across new and existing Insignia TVs. Best Buy remains the exclusive retailer for Insignia Fire TV models, ranging from 24 to 85 inches, sold in its stores, on BestBuy.com, via the Best Buy app and on Amazon.com where they are sold by Best Buy.
Best Buy Canada (BBY) has selected RELEX Solutions to optimize forecasting and replenishment across its Canadian retail network. The RELEX platform is expected to improve inventory visibility, automate planning processes, and support omnichannel operations across more than 300 stores and two distribution centers. Best Buy Canada manages about 2.1 million SKUs, and the new system is intended to better align inventory with customer demand and enhance planning efficiency at large scale.
Best Buy (BBY) is unveiling expanded savings, in-store tech experiences and new digital tools for the 2026 holiday shopping season.
Stores are being updated with hands-on experiences for next-level gaming, RGB LED and OLED TVs, Meta Lab @ Best Buy in 50 locations, fast-growing categories such as collectibles and 3D printers, and major brand areas for appliances, with next-day delivery available in nearly every metro market. My Best Buy Plus and My Best Buy Total members can earn 1% back in rewards on eligible purchases, or up to 6% back when using a My Best Buy Credit Card with Standard Credit. Online, shoppers gain access to nearly one million products from more than 5,000 brands through Best Buy Marketplace, can discover gifts via a Gifting Center, and can find and complete purchases through ChatGPT.
Best Buy (NYSE:BBY) announced that its board has authorized a regular quarterly cash dividend of $0.96 per common share. The dividend will be paid on October 8, 2026 to shareholders of record at the close of business on September 17, 2026. Best Buy reported 210,378,803 common shares issued and outstanding as of August 1, 2026.
Best Buy (NYSE: BBY) reported Q2 FY27 revenue of $9.78 billion, up from $9.44 billion, with enterprise comparable sales up 4.1%. Operating margin rose to 4.3% from 2.7%. Diluted EPS increased 70% to $1.48, while adjusted diluted EPS grew 15% to $1.47.
Domestic revenue rose 4.3% to $9.07 billion, driven by 4.5% comparable sales growth and 5.1% online comparable growth; international revenue fell 4.2% to $709 million. Best Buy raised FY27 guidance to revenue of $42.3–$42.8 billion, comparable sales growth of 1.9–3.0%, and adjusted diluted EPS of $6.70–$6.90. The quarter included a $6 million restructuring credit versus $114 million in prior-year charges. The company ended the quarter with $2.26 billion in cash and returned $239 million to shareholders via dividends and buybacks.
Best Buy (NYSE:BBY), via Best Buy Canada, released its 2026 Back-to-School Tech Shopping Report showing that 63% of Canadians purchased refurbished, open box or traded-in devices in the past year. According to Best Buy Canada, uptake is highest among Gen Z at 71%, followed by millennials at 65%, Gen X at 55% and boomers at 55%.
Saving money is the top motivator, while reducing environmental impact is the second most important factor for younger generations. Best Buy Canada reports refurbished products typically offer about 40% off original price with at least a three‑month guarantee, and open box items average 28% savings. Parents are also active in the circular economy, with 84% having traded in or considered trading in technology.
Best Buy (NYSE: BBY) appointed Anne Bramman as executive vice president and chief financial officer, effective Aug. 19. She will lead the global finance organization and partner with incoming CEO Jason Bonfig, who is set to succeed Corie Barry on Nov. 1.
Bramman brings more than 30 years of leadership experience in finance, operations, strategy and transformation, including CFO roles at Nordstrom, Avery Dennison and Carnival Cruise Line, and most recently served as chief financial and growth officer of Circana. She currently sits on the boards of Morningstar and McCormick & Company.
Best Buy (NYSE: BBY) announced that Chief Financial Officer Matt Bilunas will step down on July 31, 2026, after 20 years with the company and seven years as CFO.
Best Buy has begun an external search for a successor with prior CFO experience, while incoming CEO Jason Bonfig prepares to assume the chief executive role on November 1, 2026.
Perion (NASDAQ:PERI) announced a strategic partnership with Best Buy Canada to power and monetize its programmatic in-store digital signage network, creating one of Canada’s largest SSP-enabled DOOH retail media platforms.
The deal adds full-stack adoption, yield optimization, and supports Perion’s long-term infrastructure-level revenue strategy.
Best Buy (BBY), in partnership with Meta, is launching Meta Lab @ Best Buy experiential spaces in more than 50 stores starting June. Each approximately 900-square-foot area will showcase Meta AI glasses and VR headsets with interactive demos, personalized fittings, smart mirrors and guided support from Meta Sales Specialists.
Initial locations include stores in California, Minnesota, New Jersey, South Carolina and Ohio.