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. (NYSE: BBY) generates frequent news as a major specialty consumer electronics retailer focused on technology products, services and omnichannel experiences. Company announcements cover topics ranging from quarterly financial results and Board appointments to seasonal sales events, new partnerships and in-store innovations. This news page aggregates those updates so readers can follow how Best Buy executes its strategy across stores, digital channels and services.
Investors can find news releases tied to earnings, where Best Buy reports revenue, comparable sales trends, segment performance and capital allocation decisions such as dividends and share repurchases. These releases often include commentary from management on category performance in areas like computing, gaming and mobile phones, as well as updates on online revenue mix and marketplace expansion.
Operational and commercial news includes announcements about major sales events such as Black Friday, holiday doorbusters and member-focused promotions, along with details on fulfillment options like same-day delivery, curbside pickup and extended store hours. Best Buy also issues news about partnerships and in-store experiences, including collaborations with brands such as IKEA U.S. for kitchen and laundry planning centers or technology partners bringing XR glasses and AI-enabled devices into its stores.
Governance-related items, such as the appointment of new directors with backgrounds in gaming, digital commerce, retail and finance, are also communicated through press releases and SEC-related news. By reviewing the BBY news feed, readers can track how Best Buy evolves its assortment, services, store experiences and leadership over time. Bookmark this page to access a consolidated stream of company-issued updates and related coverage about Best Buy’s activities in the consumer electronics and retail trade sector.
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.
Best Buy (BBY) announces its Black Friday Sale starting November 21, featuring significant discounts on tech products. Key doorbusters include $270 off Dyson vacuums, $370 off HP gaming laptops, and $700 off LG gaming monitors. The sale includes exclusive Flash Deals through Best Buy Drops™ on Black Friday (Nov. 29). My Best Buy Plus™ and Total™ members get early access to doorbusters. Stores will be closed on Thanksgiving but open from 6 a.m. to 10 p.m. on Black Friday, with virtual expert assistance available from 7 a.m. to 11 p.m. CT.
Best Buy has unveiled its 2024 holiday shopping calendar, with Black Friday deals starting November 8. The retailer will introduce new doorbusters every Friday through December 20, with My Best Buy Plus and Total members getting early access on Thursdays. Key dates include:
- Black Friday Sale: Begins November 21
- Cyber Monday Sale: Starts December 1
Best Buy is enhancing the shopping experience with new in-store displays, a Holiday Gifting Center on BestBuy.com, and Best Buy Drops for exclusive product releases. The company is also extending store hours from November 3 and offering a Holiday Price Match Guarantee and Extended Holiday Return Policy for purchases made between November 1 and December 31.
Best Buy is gearing up for the holiday season with a series of sales events and an expanded tech lineup. The retailer announced several key dates for shoppers:
- Exclusive Member Sale (Sept. 27-29) for My Best Buy Plus™ and Total™ members
- Apple Trade-Up Event (Sept. 30-Oct. 13)
- Prep for the Holidays Event (starts Oct. 21)
- 3-Day Gaming Event (starts Oct. 25)
Best Buy is highlighting its expanded TV selection, including more OLED and large-screen options, an enhanced gaming lineup, and a wide range of appliances. The retailer is also promoting its 'Yes, Best Buy Sells That™' initiative, showcasing unexpected tech items. Customers can utilize the Best Buy App for personalized shopping experiences and take advantage of various pickup and delivery options.
Sealed Air (NYSE: SEE) is partnering with Best Buy (NYSE: BBY) to introduce packaging solutions that increase the use of recycled content in shipping materials. The collaboration aims to support the circular economy and reduce virgin plastic usage. Sealed Air's offerings include:
1. BUBBLE WRAP® High Recycled Content Bubble Cushioning (90% recycled plastic)
2. BUBBLE WRAP® Recycled Content Inflatable Air Pillows (50% recycled plastic)
3. BUBBLE WRAP® Paper Bubble Mailers (38% recycled paper content)
These products are How2Recycle (H2R) label approved. Sealed Air is also assisting Best Buy in collecting and recycling plastic waste from distribution centers, furthering their commitment to sustainability and waste reduction.
Best Buy Co. (NYSE:BBY) has announced a regular quarterly cash dividend of $0.94 per common share. The dividend will be payable on October 10, 2024, to shareholders of record as of the close of business on September 19, 2024. As of August 3, 2024, Best Buy had 215,052,984 shares of common stock issued and outstanding. This announcement demonstrates the company's commitment to returning value to shareholders through consistent dividend payments.
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