$BBY (Best Buy Co., Inc.)

$BBY {{ '2016-02-25T12:29:45+0000' | timeago}} • Announcement

$BBY said the company expects 1Q17 Enterprise revenue in the range of $8.25-8.35Bil, a decline of 2.4-3.6% with International revenue expected to decline in the range of 15-20%. On a non-GAAP basis, diluted EPS is expected in the range of $0.31-0.35 compared to $0.37 last year.

$ADBE {{ '2017-06-20T21:48:17+0000' | timeago}} • Webcast

$ADBE expects its revenue and EPS to grow sequentially from 3Q17 to 4Q17. Major customer wins in 2Q17 included $BBY, $CSCO, $MS and $VZ. In Experience Cloud business, mobile data transactions grew to 57% of total Adobe Analytics transactions in the recently ended quarter.

$BBY {{ '2017-05-25T12:45:59+0000' | timeago}} • Webcast

$BBY's Enterprise revenue increased 1% to $8.5Bil in 1Q18. The increase in Enterprise adjusted diluted EPS was driven by higher gross profit rate in the domestic business, the flowthrough of higher domestic revenue and a $0.02 per share benefit from the net share count change.

$BBY {{ '2017-05-25T12:32:45+0000' | timeago}} • Webcast

In 1Q18, $BBY achieved $50MM in annual cost reductions and gross profit optimization. The company has now reached its $400MM target three fiscal quarters ahead of its original deadline. $BBY is announcing a new target of $600MM in additional cost reduction and gross profit optimization to be completed by the end of FY21.

$BBY {{ '2017-05-25T12:19:55+0000' | timeago}} • Webcast

During 1Q18, $BBY grew Enterprise comparable sales by 1.6%, improved adjusted operating income rate by 70BP to 3.5% and delivered adjusted diluted EPS of $0.60, up 40% compared to 1Q17. Revenue was higher than expectations due to strong performance in gaming and better-than-expected results in mobile.

$BBY {{ '2017-05-25T12:05:52+0000' | timeago}} • Announcement

$BBY now expects FY18 Enterprise revenue to grow 2.5%. "We are expecting full year non-GAAP operating income growth of 3.5% to 8.5% versus our original guidance of 1% to 3% growth," said Best Buy CFO Corie Barry.

$BBY {{ '2017-05-25T12:02:35+0000' | timeago}} • Announcement

$BBY now sees 2Q18 Enterprise revenue of $8.6-8.7Bil, with an Enterprise comparable sales change of 1.5-2.5%. Domestic comparable sales change is expected in the range of 1.5% to 2.5%, while that of International is touted to be flat to 3.0%. The retail chain expects non-GAAP diluted EPS of $0.57 to $0.623 in the coming quarter.

$BBY {{ '2017-05-25T11:59:33+0000' | timeago}} • Announcement

Domestic revenue of $BBY rose 1.1% to $7.9Bil in 1Q18, while International revenue inched 0.3% up to $616MM. During the quarter, BestBuy returned $478MM to shareholders through share repurchases and dividends.

$BBY {{ '2017-05-25T11:57:45+0000' | timeago}} • Infographic

$BBY Best Buy Inc. Earnings AlphaGraphics: Q1 2018 highlights

$BBY {{ '2017-05-25T11:54:12+0000' | timeago}} • Announcement

Revenue of $BBY inched 1% up to $8.5Bil in 1Q18, as the retail chain's net earnings from continuing operations slid to $188MM from last year's $226MM. Earnings from continuing operations fell to $0.60 per diluted share from $0.69 a share, with cost of goods sold jumping to $6.5Bil from $6.3Bil.

$BBY {{ '2017-04-21T12:52:33+0000' | timeago}} • Announcement

The much-expected Samsung Galaxy S8 and Galaxy S8-plus smartphones are now available at $BBY and Bestbuy.com. The phones are packed with Quad HD Super AMOLED Infinity Display, and a new digital personal assistant Bixby. The new devices are compatible with the new Samsung Gear VR headset with Controller.

$BBY {{ '2017-03-01T15:05:16+0000' | timeago}} • Webcast

$BBY said that online channel growth continues at the pace as per its expectations. Over the last two years, the company had closed about 24 stores. Going forward, $BBY expects to see that kind of store closure efforts and has high expectations for growth in the online channel.

$BBY {{ '2017-03-01T14:29:27+0000' | timeago}} • Webcast

For 1Q18, $BBY predicts softness in the NPD tracked category. The company expects pressure in the mobile category due to the continued impact of the Samsung Note 7 recall, which is estimated at $50MM in lower revenue year-over-year. Also, new phones are expected to launch later in the quarter than they did last year.

$BBY {{ '2017-03-01T14:12:12+0000' | timeago}} • Webcast

The BoD of $BBY approved a 21% increase in quarterly dividend to $0.34 per share. The Board also approved a plan to spend $3Bil on share repurchases over the next 2 years. Last year, $BBY announced a plan to spend $1Bil over two years and spent $750MM in the first year. With the new plan, $BBY plans to accelerate repurchases over the next 2 years.

$BBY {{ '2017-03-01T13:53:28+0000' | timeago}} • Webcast

$BBY said that Samsung product recall reduced revenue by $200MM in 4Q17. Ecommerce revenue rose 17.5% YoY. The company introduced its new strategy "Best Buy 2020: Building the New Blue", which is focused on maximizing its multichannel retail business, expanding services and solutions, and accelerating growth in Canada and Mexico.

$BBY {{ '2017-03-01T13:26:08+0000' | timeago}} • Infographic

$BBY Best Buy Co. Inc. Earnings AlphaGraphics: Q4 2017 Highlights

$BBY {{ '2017-03-01T12:28:18+0000' | timeago}} • Announcement

$BBY predicts 1Q18 enterprise revenue of $8.2-8.3Bil and non-GAAP EPS of $0.35-0.40. $BBY sees 1Q18 enterprise comparable sales of down 1-2%, domestic comparable sales of down 1.5-2.5% and international comparable sales of flat to up 3%. $BBY sees non-GAAP effective income tax of 38-38.5% and weighted average share count of about 314MM.

$BBY {{ '2017-03-01T12:28:02+0000' | timeago}} • Announcement

$BBY expects FY18 enterprise revenue growth of about 1.5% on a 53-week basis, and flat on a 52-week basis. The company predicts enterprise non-GAAP operating income growth in the low single digits on a 53-week basis and flat on a 52-week basis. Enterprise non-GAAP effective income tax rate is expected to be about 36.5%.

$BBY {{ '2017-03-01T12:27:35+0000' | timeago}} • Announcement

$BBY reported a rise in 4Q17 earnings from continuing operations on continued optimization of merchandise margins and lower expenses. Income from continuing operations rose to $607MM or $1.91 per share from $477MM or $1.39 per share last year. Revenue declined to $13.48Bil from $13.62Bil. Non-GAAP EPS increased to $1.95 from $1.53.

$BBY {{ '2016-11-17T15:56:15+0000' | timeago}} • Infographic

$BBY Best Buy Co. Earnings AlphaGraph: Q3 2017 Highlights

$BBY {{ '2016-11-17T14:05:01+0000' | timeago}} • Webcast

On product recall and availability issues, $BBY said the revenue impact was materially less in 3Q16 than what the company is seeing in 4Q16. The total amount of the impact was about $60MM, which was heavily weighted towards mobile, and was much lesser on the appliances side.

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