Last $33.41 USD
Change Today +0.81 / 2.48%
Volume 1.9M
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As of 12:00 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

best buy co inc (BBY) Snapshot

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11/13/13 - $44.66
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best buy co inc (BBY) Details

Best Buy Co., Inc. operates as a multi-national, multi-channel retailer of technology products in the United States, Canada, China, and Mexico. Its stores offer consumer electronics consisting primarily of television and home theaters; digital cameras and camcorders; DVD and Blu-ray players; portable electronics, such as MP3 devices, headphones and speakers, car stereo, navigation and satellite radio; and all related accessories. The company's stores also provide computing and mobile phone products, including notebook and desktop computers, tablets and e-readers, mobile phones and related subscription service commissions, and related accessories; entertainment products, such as video gaming hardware and software, DVDs, Blu-rays, CDs, digital downloads, and computer software; and appliances, including large and small appliances, and kitchen and bath fixtures, including faucets, sinks, toilets, and bathtubs. It also offers extended warranty service contracts, technical support, product repair, delivery, and installation services, as well as offers snacks and beverages. The company operates e-commerce operations, retail stores, and call centers; and conducts operations under various names, such as Best Buy, including and; Best Buy Mobile; Five Star; Future Shop, including; Geek Squad; Magnolia Audio Video; and Pacific Sales. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

140,000 Employees
Last Reported Date: 03/28/14
Founded in 1966

best buy co inc (BBY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.2M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $925.0K
Chief Human Resources Officer and President o...
Total Annual Compensation: $700.0K
Chief Merchandising Officer
Total Annual Compensation: $498.5K
General Counsel and Secretary
Total Annual Compensation: $794.3K
Compensation as of Fiscal Year 2014.

best buy co inc (BBY) Key Developments

Best Buy Co. Plans to Close Store at Landmark Center Shopping Complex in Boston's Fenway Neighborhood on November 1

Best Buy Co. plans to close its store at the Landmark Center shopping complex in Boston's Fenway neighborhood on November 1. Best Buy spokesman Jeff Shelman said that the chain's decision to take an option to get out of its Landmark Center lease was largely based on logistics. At this store, the loading dock is not connected to the store. The Landmark Center has 70 full-time and part-time employees.

Best Buy Announces Regular Quarterly Cash Dividend, Payable on October 2, 2014

The Board of Directors of Best Buy Co., Inc. has authorized the payment of a regular quarterly cash dividend of $0.19 per common share. The quarterly dividend is payable on October 2, 2014, to shareholders of record as of the close of business on September 11, 2014.

Best Buy Co., Inc. on Track to End 2014 with Approximately 50 Stores; Provides Earnings Guidance for the Third Quarter and Fourth Quarter of 2014

Best Buy Co., Inc. announced that in the home theater category, it opened 7 new Magnolia Design Centers stores-within-a-store and are on track to end the year with approximately 50 stores against 33 last year. As a result of all of business drivers and particularly in light of the fixed cost deleverage that will accompany an expected low single-digit comparable sales decline, the company is expecting the non-GAAP operating income rate in the third quarter and fourth quarter of 2014 to increase in line with the year-over-year improvements that it saw in the first half. Additionally, in the back half, the estimated diluted earnings per share impact of the discrete tax items will continue to be in the ranges of flat to negative $0.01 in the third quarter and negative $0.09 to $0.10 in the fourth quarter.


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