Best Buy (BBY) Tops Q4 EPS Views; Issues Light Q1 Outlook; Announces New Capital Return Program

Best Buy Announces Capital Return to Shareholders

February 25, 2016 7:01 AM EST

22% Increase in Quarterly Dividend to $0.28 per Share

New $1 Billion Share Repurchase Program over Two Years

Special Dividend of $0.45 per Share or Approximately $145 Million

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced that its Board of Directors authorized a plan to return excess capital to shareholders as follows:

A 22% increase in the regular quarterly dividend to $0.28 per share, effective immediately; A new $1 billion share repurchase plan expected to be completed over the next... More

Best Buy Reports Better-Than-Expected Fourth Quarter Earnings

February 25, 2016 7:01 AM EST

Non-GAAP Diluted EPS from Continuing Operations Increased 3% to $1.53

GAAP Diluted EPS from Continuing Operations Decreased 5% to $1.39

Domestic Segment Revenue Decreased 1.5%

Repurchased $615 million in Stock for a Fiscal 2016 Total of $1 billion

MINNEAPOLIS--(BUSINESS WIRE)-- Best Buy Co., Inc. (NYSE: BBY) today announced results for the fourth quarter (Q4 FY16) and year ended January 30, 2016 (FY16), as compared to the fourth quarter (Q4 FY15) and year ended January 31, 2015 (FY15).

                                Q4 FY16     Q4 FY15     FY16     FY15 Enterprise revenue ($ in millions)     $13,623     $14,209     $39,528     $40,339 Domestic segment     $12,507     $12,697     $36,365    ... More