Best Buy Co inc   (BBY)
Other Ticker:  
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail

 BBY $79.1000 $2.6500 3.47%

 Volume (M): 50   Open : 76.07    52 Wk Avg :  74.52

 BBY $79.1000 $2.6500 3.47%

 Volume (M): 50   Open : 76.07    52 Wk Avg :  74.52

BBY Today's High: $77.095 BBY Shares One Week Perf: 6.72 %
BBY Today's Low: $ 76.52 BBY Shares 30 Day Performance: 5.72 %
Number of BBY Shares Traded (M): 50 BBY Share Price 52 Wk High: $ 85.40
Value of BBY's Shares Traded (M$): $ 3,852 BBY Share Price 52 Wk Avg: $74.52
Share Price at the Open: $76.07 BBY's Share Price 52 Wk Low: $62.30

  News about Best Buy Co inc's Stock Splits and Dividends

Best Buy's Dividend Increase Reflects Strong Commitment to Shareholders

Best Buy Co., Inc. (NYSE: BBY) has recently made a significant announcement regarding its regular quarterly cash dividend. The company's Board of Directors has authorized a payout of $0.92 per common share, which is a promising sign for shareholders. This dividend is scheduled to be paid on January 2, 2024, to those who are recorded as shareholders by the close of business on December 12, 2023.
As of October 28, 2023, Best Buy has 216,442,078 shares of common stock issued and outstanding. This news is expected to have a positive impact on the company's shares.
Analyzing the current situation, Best Buy Co Inc's 12 Months dividend payout ratio witnessed a sequential increase to 33.38 in the second quarter of 2024. This demonstrates the company's ongoing commitment to delivering value to its shareholders.

Best Buy's Third Quarter Results Reflect Falling Sales in Challenging Retail Environment

Best Buy Faces Challenges as Third Quarter Results Show Declining Sales
In a press release issued today, Best Buy Co., Inc. (NYSE: BBY) announced its financial results for the third quarter ended October 28, 2023 (Q3 FY24). The report revealed a decline in revenue compared to the same period last year, raising concerns about the company's performance.
During Q3 FY24, Best Buy reported total revenue of $9.756 billion, compared to $10.587 billion in Q3 FY23. This decrease in revenue reflects a challenging market environment, as well as the ongoing impact of the COVID-19 pandemic on consumer spending habits. The company's domestic segment revenue also experienced a decline, from $9.800 billion in Q3 FY23 to $8.996 billion in Q3 FY24. Similarly, the international segment's revenue dropped from $787 million to $760 million during the same period.


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