$BBY (Best Buy Co., Inc.)

$BBY {{ '2016-08-23T12:22:09+0000' | timeago}} • Webcast

$BBY said by holiday it expects to be selling an expanded assortment of virtual reality products in the vast majority of its stores. The company added that more than 500 stores will be equipped with demo stations. $BBY said virtual reality has the potential to contribute to its growth in the future, but expects no material financial impact in 2016.

$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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