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) 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.
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.
Best Buy (NYSE:BBY) has announced its regular quarterly cash dividend payment. The Board of Directors has authorized a dividend of $0.95 per common share, which will be paid on April 15, 2025. Shareholders who are on record as of the close of business on March 25, 2025, will be eligible for this dividend payment. The company reported having 211,358,651 shares of common stock issued and outstanding as of February 1, 2025.
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.