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. (BBY) maintains its position as North America's leading consumer electronics retailer through continuous innovation in omnichannel retail and technology services. This news hub provides investors and industry observers with direct access to official corporate communications, financial disclosures, and strategic updates from the company.
Our curated collection features essential BBY developments including quarterly earnings reports, product launch announcements, partnership agreements, and leadership updates. Users gain insights into Best Buy's operational strategies, from Geek Squad service expansions to e-commerce platform enhancements, all while maintaining compliance with financial disclosure standards.
Bookmark this page for real-time updates on BBY's market movements, sustainability initiatives, and technology partnerships. For comprehensive understanding of Best Buy's evolving role in consumer electronics retail, combine these timely updates with analysis of their long-term strategic filings and industry positioning.
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.
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.
