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Watch the video with highlights from the Holiday Media Day 2009.
MINNEAPOLIS, Sept. 15, 2009 -- Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics, today reported net earnings of $158 million, or $0.37 per diluted share, for its fiscal second quarter ended on Aug. 29, 2009. Net earnings declined by 22 percent compared with $202 million, or $0.48 per diluted share, for the prior-year period.
MINNEAPOLIS, June 24, 2009 -- Brian J. Dunn, age 49, officially became the chief executive officer of Best Buy Co., Inc. (NYSE: BBY) at the company’s annual meeting of shareholders, held at the Best Buy corporate campus this morning. Dunn, a 24-year veteran of the company, had been the president and chief operating officer of the leading consumer electronics retailer.
MINNEAPOLIS, June 16, 2009 -- Best Buy Co., Inc. (NYSE: BBY), a leading retailer of consumer electronics, today reported net earnings of $153 million, or $0.36 per diluted share, for its fiscal first quarter ended on May 30, 2009. Net earnings declined by 15 percent compared with $179 million, or $0.43 per diluted share, for the prior-year period.
MINNEAPOLIS, Mar. 26, 2009 -- Best Buy Co., Inc. (NYSE: BBY) today reported net earnings of $570 million, or $1.35 per diluted share, for its fiscal fourth quarter ended on Feb. 28, 2009. The leading consumer electronic retailer’s net earnings declined by 23 percent compared with $737 million, or $1.71 per diluted share, for the prior-year period.
LAS VEGAS, Jan. 9, 2009 – Best Buy Co., Inc. (NYSE: BBY), from the
Consumer Electronics Show, today reported that revenue for the fiscal
month ended Jan. 3, 2009, rose 4 percent to $7.5 billion, which was in
line with company expectations. The revenue for the five-week period
compared with $7.3 billion in revenue for the five-week period ended
Jan. 5, 2008. Gains from the inclusion of Best Buy Europe’s revenue and
the net addition of 194 new stores in the past 12 months were largely
offset by a 6.5-percent decline in comparable store sales and the
unfavorable impact of fluctuations in foreign currency exchange rates.
Best Buy Co., Inc. (NYSE: BBY) today reported net earnings of $52 million, or $0.13 per diluted share, for its fiscal third quarter ended on Nov. 29, 2008. These results were compared with net earnings of $228 million, or $0.53 per diluted share, for the prior-year fiscal third quarter. The reduction in third-quarter earnings was due in large part to a non-operating impairment charge of $111 million ($93 million net of tax, or $0.22 per diluted share), related to a significant and sustained decline in the market price of the company’s nearly 3 percent stake in the common shares outstanding of The Carphone Warehouse Group PLC (CPW).
MINNEAPOLIS, Nov. 12, 2008 – Best Buy Co., Inc. (NYSE: BBY) reported today that falling consumer spending, driven by the recent turmoil in the financial markets and other macro economic factors, has resulted in lower-than-expected revenue for the consumer electronics retailer.
The subsequent offering period expired at 12:00 midnight, Eastern Time, at the end of Oct. 29, 2008. As of that time, approximately 3.9 million additional Napster shares, representing an additional 8.3 percent of outstanding Napster shares, had been validly tendered and not withdrawn during the subsequent offering period, according to information provided by U.S. Bank National Association, the depositary for the offer. Best Buy accepted for payment all shares validly tendered during the subsequent offering period and intends to make prompt payment for those shares.
MINNEAPOLIS (Sept. 26, 2008) – Today Best Buy Co., Inc. (NYSE:BBY), through its direct wholly-owned subsidiary Puma Cat Acquisition Corp., commenced a cash tender offer to purchase all outstanding shares of common stock of Napster, Inc. (NASDAQ:NAPS), in accordance with the previously-announced agreement and plan of merger, dated Sept. 14, 2008, among Best Buy, Puma Cat and Napster.
