Morgan Stanley Raises Price Target on Best Buy (BBY) Following EPS Beat

Best Buy Announces Regular Quarterly Cash Dividend

November 18, 2016 8:00 AM EST

MINNEAPOLIS--(BUSINESS WIRE)-- The Board of Directors of Best Buy Co., Inc. (NYSE: BBY) has authorized the payment of a regular quarterly cash dividend of $0.28 per common share. The quarterly dividend is payable on December 29, 2016, to shareholders of record as of the close of... More

Best Buy: Five Reasons You’d be Crazy to Wait until Thanksgiving to Start Holiday Shopping

November 18, 2016 7:00 AM EST

MINNEAPOLIS--(BUSINESS WIRE)-- For many shoppers and deal-seekers, Thanksgiving and Black Friday have been circled on calendars for months, and for good reason; its one of the best times to score deals on holiday gifts and must-haves.

But this year, customers cant wait until Turkey Day to start their holiday shopping.

More than ever, customers dont need to wait until next week to find great deals in stores and online, said Mike Mohan, chief merchandising officer at Best Buy. Some of the lowest prices on the hottest tech gadgets are available right now.

Need more... More

Best Buy Reports Better-Than-Expected Third Quarter Results

November 17, 2016 7:00 AM EST

Domestic Segment Comparable Sales Increased 1.8%

GAAP Diluted EPS Increased 62% to $0.60

Non-GAAP Diluted EPS Increased 51% to $0.62

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the third quarter ended October 29, 2016 (Q3 FY17), as compared to the third quarter ended October 31, 2015 (Q3 FY16). The company reported GAAP diluted earnings per share from continuing operations of $0.60, an increase of 62% from $0.37 in Q3 FY16. Non-GAAP diluted earnings per share from continuing operations were $0.62, an increase of 51% from $0.41 in Q3 FY16.

                  Q3 FY17     Q3 FY16 Revenue ($ in millions)1             Enterprise... More