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Last $522.20 MXN
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:09 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

best buy co inc (BBY*) Snapshot

Open
$522.20
Previous Close
$522.20
Day High
$522.20
Day Low
$522.20
52 Week High
03/17/15 - $633.27
52 Week Low
08/15/14 - $375.32
Market Cap
184.2B
Average Volume 10 Days
3.1K
EPS TTM
--
Shares Outstanding
352.8M
EX-Date
06/9/15
P/E TM
--
Dividend
$0.88
Dividend Yield
3.82%
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 Co., Inc. Announces Regular Quarterly Cash Dividend, Payable on July 2, 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 July 2, 2015, to shareholders of record as of the close of business on June 11, 2015.

Best Buy Co., Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 3, 2015; Provides Earnings Guidance for the Second Quarter of Fiscal 2016

Best Buy Co., Inc. announced unaudited consolidated earnings results for the first quarter ended May 3, 2015. For the quarter, the company reported revenue of $8,558 million against $8,639 million a year ago. Operating income was $86 million against $120 million a year ago. Earnings from continuing operations before income tax expense were $75 million against $191 million a year ago. Net earnings from continuing operations were $37 million against $469 million a year ago. Net earnings attributable to shareholders $129 million against $461 million a year ago. Diluted earnings per share were $0.36 against $1.31 diluted per share a year ago. Total cash used in operating activities was $10 million against total cash provided by operating activities of $308 million a year ago. Additions to property and equipment were $124 million against $111 million a year ago. Non-GAAP operating income was $246 million against $236 million a year ago. Non-GAAP net earnings were $131 million against $123 million a year ago. Non-GAAP diluted EPS was $0.37 against $0.35 a year ago. Return on assets was 6.1% against 7.5% a year ago. The increase was driven primarily by lower net interest expense and a lower non-GAAP effective income tax rate due to a discrete income tax benefit in the quarter. Enterprise revenue exceeded its expectations due to stronger-than-expected growth in its Domestic business. Non-GAAP operating income rate also exceeded due to a mix shift to higher-margin computing hardware and a better-than-expected performance of its credit card portfolio, again, in its Domestic business. For second quarter of fiscal 2016, the company expects a flat to negative low-single digit revenue growth rate and (2) a year-over-year non-GAAP operating income rate decline in the range of negative 30 to 50 basis points, which is in-line with previous outlook. Additionally, the company expects the non-GAAP continuing operations effective income tax rate to be in the range of 38 to 40%.

BBY Cuts 170 Employees

About three-quarters of BBY's 170 employees were made redundant as George Wang's AIMS Financial reached an interim agreement with administrators and receivers to continue due diligence and potentially buy what remains of the stock broking and advisory business. The situation is still a week-by-week proposition, as AIMS would need a deed of company arrangement with the creditors to buy what is left of BBY. A circular is being issued to creditors through Link Market Services, and BBY's 55,000 clients will also receive an email updating them on arrangements.

 

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Industry Analysis

BBY*

Industry Average

Valuation BBY* Industry Range
Price/Earnings 14.2x
Price/Sales 0.3x
Price/Book 2.4x
Price/Cash Flow 12.7x
TEV/Sales 0.2x
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