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Last $36.46 USD
Change Today -0.73 / -1.96%
Volume 4.7M
BBY On Other Exchanges
New York
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

best buy co inc (BBY) Snapshot

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52 Week High
03/17/15 - $41.48
52 Week Low
04/25/14 - $23.58
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Current Stock Chart for BEST BUY CO INC (BBY)

best buy co inc (BBY) Details

Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States and internationally. 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 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. 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, retail store, and call center operations under various brand names, including Best Buy (, Best Buy Mobile, Geek Squad, Magnolia Audio Video, and Pacific Sales, as well as operates Magnolia Home Theater, Magnolia Design Center and Pacific Kitchen, and Home store-within-a-store experiences. As of January 31, 2015, it had 1,700 large and small-format stores. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was founded in 1966 and is headquartered in Richfield, Minnesota.

125,000 Employees
Last Reported Date: 03/31/15
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
Executive Vice President, General Counsel and...
Total Annual Compensation: $794.3K
Chief Merchandising Officer
Total Annual Compensation: $498.5K
Compensation as of Fiscal Year 2014.

best buy co inc (BBY) Key Developments

Best Buy Co., Inc. Announces Executive and Board Changes, Effective June 9, 2015

Best Buy Co., Inc. announced that Board Chairman Hatim Tyabji is retiring from the Board effective June 9, 2015. Tyabji has been a Board member since 1998 and chairman of the Best Buy Board of Directors since 2012. Best Buy President and CEO, Hubert Joly, will succeed Tyabji and take on the additional role of Board chairman. Russell P. Fradin, President and CEO of SunGard and a Best Buy Board member since April 2013, will serve as Lead Independent Director. Fradin assumes the role of Lead Independent Director upon Joly's appointment as Board chairman on June 9, 2015. The company also announced the retirement of directors Sanjay Khosla and Allen U. Lenzmeier, effective June 9, 2015. Khosla joined the Board in 2008 and brought key insights to the company's global strategy.

Best Buy Co., Inc. Provides Earnings Guidance for the Year 2016

Best Buy Co., Inc. provided earnings guidance for the year 2016. For the period, the company plans to increase capital spending by up to $160 million over the next 12 to 24 months. The company noted it expects fiscal 2016 GAAP and non-GAAP EPS to be negatively impacted by $0.10 to $0.20 per share due to expenses related to the store disruptions and consolidation efforts. The company also expects to record restructuring charges of $200 million to $280 million.

Best Buy Co Inc Plans to Close Some Stores and Consolidate its Operations in Canada; to Spend $160 Million to Improve its Online Operations in Canada

Best Buy Co Inc. plans to close some stores and consolidate its operations in Canada, in a move that will hurt earnings in 2015. The retailer said it will close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores. The move to a single brand will cut 500 full-time and 1,000 part-time jobs, and cost the company about $200 million to $280 million in restructuring charges. The company also announced that it plans to spend $160 million to improve its online operations in Canada, increase staffing at remaining stores, and launch a range of home appliances, among other initiatives.


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