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Last $593.00 MXN
Change Today -20.01 / -3.26%
Volume 724.0
BBY* On Other Exchanges
Symbol
Exchange
New York
Mexico
Frankfurt
As of 4:09 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

best buy co inc (BBY*) Snapshot

Open
$607.50
Previous Close
$613.01
Day High
$607.50
Day Low
$593.00
52 Week High
03/17/15 - $633.27
52 Week Low
10/14/14 - $389.80
Market Cap
209.2B
Average Volume 10 Days
17.0K
EPS TTM
--
Shares Outstanding
352.8M
EX-Date
09/11/15
P/E TM
--
Dividend
$0.92
Dividend Yield
3.36%
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 (bestbuy.com), 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

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $1.2M
Chief Financial Officer and Chief Administrat...
Total Annual Compensation: $925.0K
Chief Human Resources Officer and President o...
Total Annual Compensation: $700.0K
Chief Merchandising Officer
Total Annual Compensation: $650.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2015.

best buy co inc (BBY*) Key Developments

Best Buy Announces Regular Quarterly Cash Dividend, Payable on October 6, 2015

The Board of Directors of Best Buy Co., Inc. has authorized the payment of a regular quarterly cash dividend of $0.23 per common share. The quarterly dividend is payable on October 6, 2015, to shareholders of record as of the close of business on September 15, 2015.

Best Buy Co., Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 1, 2015; Provides Earnings Guidance for the Third Quarter of Fiscal 2016

Best Buy Co., Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 1, 2015. For the quarter, the company reported net earnings attributable to the company's shareholders of $164 million or $0.46 per diluted share on revenues of $8,528 million compared to net earnings attributable to the company's shareholders of $146 million or $0.42 per basic and diluted share on revenues of $8,459 million a year ago. Operating income was $288 million compared to $225 million a year ago. Earnings from continuing operations before income tax (benefit) expense was $272 million compared to $210 million a year ago. Net earnings from continuing operations was $164 million or $0.46 per diluted share compared to $137 million or $0.39 per basic and diluted share a year ago. Non-GAAP operating income was $292 million compared to $242 million a year ago. Non-GAAP net earnings were $174 million or $0.49 per diluted share compared to net earnings of $148 million or $0.42 per diluted share a year ago. For the six months period, the company reported net earnings attributable to the company's shareholders of $293 million or $0.82 per diluted share on revenues of $17,086 million compared to net earnings attributable to the company's shareholders of $607 million or $1.73 per diluted share on revenues of $17,098 million a year ago. Operating income was $374 million compared to $435 million a year ago. Earnings from continuing operations before income tax (benefit) expense was $347 million compared to $401 million a year ago. Net earnings from continuing operations was $201 million or $0.57 per basic and diluted share compared to $606 million or $1.73 per diluted share a year ago. Non-GAAP operating income was $511 million compared to $463 million a year ago. Non-GAAP net earnings were $305 million or $0.86 per diluted share compared to net earnings of $271 million or $0.77per diluted share a year ago. Return on assets was 6.3% compared to 6.7% a year ago. Non-GAAP return on invested capital was 13.1% compared to 10.0% a year ago. Non-GAAP net operating profit after taxes was $1,311 million compared to $1,084 million a year ago. The year-over-year non-GAAP outlook for the third quarter of fiscal 2016 is as follows: In the Domestic business the company expecting flat to low-single digit revenue growth; and an approximately flat operating income rate change driven by a higher gross profit rate offset by increased SG&A due to inflation and growth-related investments. In the International business, due to the ongoing impacts of the Canadian brand consolidation and foreign currency, the company is expecting an International revenue decline of approximately 30% and an International non-GAAP operating income rate in the range of negative 2.5% to negative 3.5%. With these expectations, which assume continued strength in the Domestic business offset by the near-term impacts of Canada, at the Enterprise level the company expects a flat to negative low-single digit revenue growth rate and an operating income rate growth of flat to negative 20 basis points. Additionally, the company expects, the non-GAAP continuing operations effective income tax rate is expected to be in the range of 39% to 40%, against 38.1% last year, which could result in a negative $0.01 year-over-year non-GAAP diluted EPS impact in the third quarter of fiscal 2016. The outlook assumes there will be no material changes in consumer spending in the third quarter.

360fly Announces Exclusive U.S. Retail Partnership with Best Buy

360fly, Inc. announced an exclusive in-store and online retail partnership with electronics retailer Best Buy. Prior to 360fly's in-store availability in mid-September, Best Buy will begin taking preorders at BestBuy.com. 360fly will retail for $399 and be available in approximately 900 store locations throughout the country. With a single lens, 360fly is capable of capturing 240 by 360-degrees of seamless, HD-quality video. The interactive video allows viewers to immerse themselves within the video by clicking and dragging or swiping on any mobile device.

 

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Industry Analysis

BBY*

Industry Average

Valuation BBY* Industry Range
Price/Earnings 15.5x
Price/Sales 0.3x
Price/Book 2.8x
Price/Cash Flow 14.1x
TEV/Sales 0.2x
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