Welcome to our dedicated page for Best Buy news (Ticker: BBY), a resource for investors and traders seeking the latest updates and insights on Best Buy stock.
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 (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.
Best Buy (NYSE:BBY) announced a regular quarterly cash dividend of $0.96 per common share. The dividend is payable on July 9, 2026 to shareholders of record as of June 18, 2026. The company reported 210,718,220 shares outstanding as of May 2, 2026.
Best Buy (NYSE: BBY) reported Q1 FY27 revenue of $8.94 billion, up from $8.77 billion, with enterprise comparable sales up 2.0%. Operating margin rose to 4.1% from 2.5%.
Diluted EPS increased 38% to $1.31, adjusted EPS was $1.28. The company reiterated FY27 adjusted EPS guidance of $6.30–$6.60, maintained full-year revenue and margin outlook, declared a $0.96 quarterly dividend, and still plans about $300 million of FY27 share repurchases. Corie Barry will step down as CEO later in 2026, with Jason Bonfig becoming CEO effective November 1, 2026.
Best Buy (NYSE:BBY) will start awarding 1% back in rewards to My Best Buy Plus and Total members on eligible purchases beginning June 4, 2026, and 6% back when paying with the My Best Buy Credit Card. Members can track points in a new digital membership hub and view rewards at checkout.
Plus is priced at $29.99/year; Total is $199.99/year and includes product protection, 24/7 tech support, and free in-store and remote device services.
Best Buy (NYSE: BBY) announced that Jason Bonfig will succeed Corie Barry as CEO, effective Oct. 31, 2026, when Bonfig will also join the Board. Barry will step down as CEO and Board member at that time and remain a strategic advisor for six months.
Bonfig currently leads merchandising, ecommerce, marketing, supply chain, Best Buy Canada and Best Buy Ads and helped create the U.S. online Marketplace; the Board called him the right leader to accelerate growth.
Best Buy (NYSE: BBY) said CEO Corie Barry and CFO/CSO Matt Bilunas will appear in a Fireside Chat at the UBS Global Consumer and Retail Conference on March 12, 2026 at 8:00 a.m. ET. A live webcast and archived replay will be available at the company's investor website.