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Best Buy Co., Inc. provides consumer electronics, home office products, entertainment products, appliances and related services. It operates through two business segments: Domestic and International. Read More The Domestic segment is comprised of the operations in all states, districts and territories of the U.S., operating under various brand names, including but not limited to, Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster and Pacific Sales. The International segment is comprised of all operations outside the U.S. and its territories, which includes Canada, Europe, China, Mexico and Turkey. It also markets its products under the brand names: Best Buy, Audio visions, Best Buy Mobile, The Carphone Warehouse, Five Star, Future Shop, Geek Squad, Magnolia Audio Video, Napster, Pacific Sales and The Phone House. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.
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Seeking AlphaMay 25
Best Buy: Growth Is Dead
Best Buy store. Source: Barron's. Best Buy (BBY) reported quarterly earnings Thursday. The company delivered revenue of $9.14 billion, non-GAAP EPS of $1.02 and GAAP EPS of $0.98. The company delivered an earnings beat, while revenue was in-line. Despite the positive earnings report the stock was off by over 4%. I had the following takeaways on the quarter. Growth Appears Dead Best Buy has done a yeoman's job of navigating economic headwinds and the potential disruption of bricks-and-mortar stores by Ama...
Yahoo FinanceMay 24
Why Investors Are More Bearish About Best Buy, More Bullish About L Brands
Specialty retail companies Best Buy (NYSE: BBY) and L Brands (NYSE: LB) reported on their fiscal first quarters Thursday, and both carried a few surprises for investors.
Best Buy’s moves in health care and finance can offset lull in tech innovation
Best Buy Co Inc. has smartly moved into new business areas at a time when a lull in tech innovation has turned away some its traditional consumer-electronics customers, according to GlobalData Retail. Chief Executive Hubert Joly, on his last earnings call before passing the baton to Corie Barry on June 11, talked about the consumer electronics retailer’s continued progress into health care with GreatCall devices and services for seniors, and a new acquisition, Critical Signal Technologies, a monitoring bus...
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