Best Buy Ekes Out 2% Growth in Q3; Stock Price Falls
Best Buy reports slower growth with lower profit margins due to price pressures on its TotalTech membership program.
Nov 23, 2021
Best Buy Revenues Surge 20% Higher
Best Buy Q2 revenues hit record $11.8 billion driven by home theater, appliances, mobile phones and installation services.
Aug 24, 2021
Best Buy President Stepping Down
Best Buy president Mike Mohan is leaving the company after 17 years. His role will not be replaced, but distributed among other executives.
Apr 30, 2021
Best Buy Shatters Q2 Sales Expectations
Best Buy total sales rise 5.8% for Q2 to $9.9 billion, with online sales up 242%, driven by home office and home schooling needs.
Aug 25, 2020
Best Buy Retains 81% of Sales During Pandemic
Best Buy reports a 155% uptick in online sales and retains 81% of sales during last six weeks of Q1, despite stores being closed during pandemic.
May 21, 2020
Vermont Orders ‘Big-Box’ Retailers to Cease Sales of Consumer Electronics
Vermont governor orders Best Buy, Walmart and others to halt in-person sales of ‘non-essential items’ to halt spread of coronavirus.