Frequency Exchange získala schválení pro prodej NIKKI na Best Buy Marketplace a cílí na první kanadské uvedení na trh ve 4. čtvrtletí 2026. Firma zároveň uvádí závazky ve výši přibližně 600 000 CAD k první tranši financování.
Vancouver, British Columbia, September 3, 2026 – TheNewswire – Frequency Exchange Corp. (TSXV: FREQ | OTC: FRECF | FSE: YC6) (“Frequency Exchange” or the “Company”) is pleased to announce that NIKKI, the Company’s wearable wellness device, has been approved for sale on Best Buy Marketplace, the third-party seller platform available through BestBuy.ca and the Best Buy app. The Company is targeting an initial Canadian launch in Q4 2026.
The launch is being advanced in collaboration with Ripple Distribution and TKG Partners, Frequency Exchange’s retail distribution partner. Ripple/TKG is working with the Company to expand NIKKI’s presence across major retailers in Canada and select international markets. Frequency Exchange views Best Buy as a significant first step in expanding its NIKKI wellness platform into mainstream consumer retail and establishing additional distribution channels.
Best Buy already serves consumers through an established ecosystem of leading wearable and health-tracking brands, including Apple, WHOOP, Oura and Fitbit. NIKKI is designed to complement this ecosystem by offering consumers a frequency-based wellness platform alongside the tracking and monitoring capabilities of their existing devices.
NIKKI delivers frequency-based wellness programs designed to support sleep, stress, recovery and overall vitality, and can be used independently or alongside existing wearable and health-tracking devices.
Stephen Davis, CEO of Frequency Exchange, commented: “This represents a significant advancement for NIKKI and for our commercialization strategy. As we prepare for NIKKI’s planned launch on Best Buy Marketplace, we are also encouraged to have approximately CAD$600,000 in commitments already secured toward the first tranche of our current financing. This early support comes at an important time as we move into the next stage of execution, with Best Buy Marketplace, additional retail opportunities and international distribution all advancing.”
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Davis added: “Best Buy has helped bring wearable health-tracking technology into the mainstream, giving consumers access to leading devices that track areas such as sleep, stress, activity and recovery. With NIKKI, we believe Best Buy now has the opportunity to help introduce the next evolution of wearable wellness, a technology designed to support the very areas those devices are tracking. Just as Best Buy helped consumers discover wearable tracking technology, we believe it can play an important role in introducing NIKKI as the companion to that technology.”
The Company believes the planned Q4 launch represents a pivotal commercial milestone for NIKKI. As NIKKI becomes available to consumers through Best Buy Marketplace, the technology is also expected to gain additional exposure through Superhuman 2: REBIRTH, a major documentary focused on frequencies, while Frequency Exchange continues to advance NIKKI’s introduction to consumers through its access to more than 7,000 wellness clinics in the United States.
Together, these initiatives are expected to position NIKKI across three complementary channels — mainstream retail, practitioner access and consumer media — creating multiple avenues for consumer discovery, adoption and long-term brand development.
About Ripple Distribution and TKG Partners
Ripple Distribution and TKG Partners are an end-to-end retail distribution partner focused on building brands through channel development, sales and retail expansion across North American and international markets. Ripple/TKG maintains relationships with a broad network of major retailers that the Company believes represent potential future opportunities for NIKKI.
About Frequency Exchange Corp.
Frequency Exchange Corp. (TSXV: FREQ | OTC: FRECF | FSE: YC6) is a technology company building the next generation of wearable digital wellness solutions through its flagship platform, NIKKI®. Unlike traditional wearable devices that primarily monitor health metrics, NIKKI delivers personalized frequency-based wellness programs designed to support sleep, stress, recovery, energy and overall wellbeing. Originally developed through research supporting individuals living with Lyme disease, NIKKI has evolved into a scalable digital wellness platform addressing some of today’s largest global health challenges.
For additional information, please visit www.frequencyexchangecorp.com or www.wearenikki.com.
Investor Contacts:
Frequency Exchange Corp. FREmedica Technologies Inc.
This news release contains forward-looking statements within the meaning of applicable securities laws. These statements reflect the Company’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially. Readers are cautioned not to place undue reliance on forward-looking statements.
Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Best Buy ve 2. čtvrtletí překonal očekávání díky růstu v počítačích, domácích kinech a mobilech; tržby stouply o 3,6 % na 9,8 miliardy USD. Firma zároveň zvýšila celoroční výhled.
Is Best Buy the AI Winner Hiding in the Electronics Aisle?Best Buy NYSE: BBY reported second-quarter fiscal 2027 results that exceeded its prior expectations, supported by growth in computing, home theater, mobile phones and newer product categories. The company raised its full-year outlook while outlining continued investments in retail media, its third-party marketplace, store formats and AI-enabled shopping tools.
Revenue for the quarter totaled $9.8 billion, up 3.6% from a year earlier. Enterprise comparable sales increased 4.1%, above the company’s prior expectation for roughly 1% growth. Adjusted operating income rate rose about 40 basis points year over year to 4.3%, while adjusted diluted earnings per share increased 15% to $1.47.
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Confidence Is Back, But Earnings Show the Consumer Is Being PickyCEO Corie Barry, who said the call would be her final earnings call as chief executive, attributed the performance to employee execution and momentum in categories tied to replacement needs and product innovation. Jason Bonfig, the company’s chief customer, product and fulfillment officer and incoming CEO, said Best Buy’s results reflected both internal initiatives and a healthy demand backdrop for its product categories.
Category growth led by computing and home theater Computing was the largest weighted comparable-sales driver in the quarter, marking its 10th consecutive quarter of positive comparable sales. Best Buy Business sales rose 21% from the prior year, helping support the category. Barry said the company’s business-to-business operation generates more than $1.1 billion in annual sales and has been growing at roughly 15% to 20% in the first half.
Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs ProofHome theater was the second-largest weighted comp contributor, with the company reporting domestic television sales growth of more than 10% year over year. Bonfig cited product assortment, inventory availability, delivery and installation improvements, as well as the launch of RGB television technology. Best Buy said it will be the only national retailer offering RGB TVs for customers to discover, experience and purchase during the next year.
The company also reported that sales in a group of emerging categories—including AI glasses, trading cards and health rings—more than doubled from a year earlier. Bonfig said those categories collectively contributed about 1 percentage point to comparable sales during the quarter.
Mobile phones delivered a sixth consecutive quarter of growth, aided by expanded carrier partnerships and store operating improvements. Major appliances posted slight sales growth, which management attributed to investments in pricing, marketing, product availability and faster delivery. Best Buy said next-day appliance availability is now offered in nearly all metro delivery locations, compared with less than half in the first quarter.
Traditional gaming sales declined as the company lapped the prior-year launch of the Nintendo Switch 2. Management expects the fourth-quarter release of Grand Theft Auto VI to support gaming software, hardware and accessories.
Marketplace, advertising and digital initiatives Best Buy continued to highlight its marketplace and advertising operations as growing profit streams. Best Buy Ads is on track to grow 10% this year after generating $900 million in collections last year, Bonfig said.
The company’s U.S. marketplace reached approximately $300 million in gross merchandise value during the second quarter. Best Buy now expects marketplace GMV of $1.3 billion for the full year, citing stronger-than-anticipated performance. The company plans to begin adding international marketplace sellers later in the quarter, expanding participation beyond sellers with a U.S. physical presence.
Management said marketplace and advertising growth contributed to domestic gross profit rate expansion. Domestic gross profit rate increased 60 basis points to 24%, also benefiting from $34 million in tariff refunds. Those gains were partly offset by lower product margin rates, primarily tied to investments in major appliances.
Best Buy also announced the phased rollout of Ask Blue, a conversational AI shopping and support assistant. The tool can compare products, assess compatibility, provide product and support information, and direct customers to self-service tools or live support. The company also completed a commerce integration with OpenAI, allowing customers to discover products, receive recommendations and make Best Buy purchases within ChatGPT.
Guidance raised as company monitors computing costs For fiscal 2027, Best Buy raised its guidance to revenue of $42.3 billion to $42.8 billion, comparable-sales growth of 1.9% to 3%, adjusted operating income rate of 4.4% to 4.5%, and adjusted diluted earnings per share of $6.70 to $6.90. Capital expenditures are expected to be approximately $750 million.
Third-quarter comparable-sales growth is expected to be 1% to 3%. Third-quarter adjusted operating income rate is projected at approximately 4.1% to 4.2%. August month-to-date comparable sales were at the high end of the company’s 1% to 3% second-half growth range. Best Buy said computing growth is expected to slow in the second half as the company laps two years of growth and a strong third quarter last year that benefited from the end of Windows 10 support. The company is also managing industry-wide increases in memory costs. In the second quarter, computing average selling prices increased in the mid-teens while unit sales declined in the high single digits.
Bonfig said Best Buy is working with vendors to maintain product choices at key price points and is using trade-ins, financing and promotions to help customers manage higher prices. Management said the memory-cost issue has primarily affected computing rather than other categories.
Barry said the consumer remains value-focused and responsive to sales events, but is still willing to purchase higher-priced products when replacement needs arise or new technology offers compelling benefits. The company also said it did not see material evidence of broad customer demand pull-forward following a major product price announcement.
Bonfig is set to formally assume the CEO role on Nov. 1, while Anne Bramman recently joined Best Buy as chief financial officer.
About Best Buy (NYSE:BBY)Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.
Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.
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Best Buy Co Inc (NYSE:BBY)'s second-quarter results are shaping up as a critical test of the increasingly constructive narrative that has built around the stock, according to UBS.
The bank said the market has grown more confident that Best Buy can stabilize its core business, benefit from a healthier innovation cycle and drive earnings growth through newer profit streams, pushing expectations meaningfully higher. UBS framed the key question as no longer whether momentum has improved, but whether it can persist as the setup becomes more demanding.
UBS said the hurdle for a positive stock reaction is meaningfully higher than heading into the first quarter. The bank believes Best Buy should be capable of a healthy quarter despite cycling the Nintendo Switch 2 launch, tax refund benefits and portions of the Windows refresh cycle. But sentiment is much stronger today, with the stock trading at roughly 13 times next-twelve-months earnings versus about 9 times at the end of the first quarter, while the buy-side bar appears to sit at least in the 3% to 4% comp range versus sell-side consensus at 1.2%.
Because the market is already underwriting continued momentum, UBS said August commentary could matter nearly as much as the results themselves. The bank said the market wants to see low-to-mid-single-digit comp growth maintained so far this month, noting a low-single-digit increase could feed a skeptical narrative that demand was pulled forward as consumers bought ahead of price increases.
UBS said the quarter is less about a clean print and more about whether investors can underwrite a cleaner multi-quarter earnings algorithm. A beat narrowly tied to product launches or timing benefits may not be rewarded aggressively, while evidence that core categories are stabilizing and higher-margin revenue streams are scaling would justify the recent multiple re-rating.
The bank pointed to a more diversified demand base, with newer and emerging categories expected to contribute roughly 50 basis points of comp growth this year, an estimate UBS called probably conservative, along with innovation in TVs. Rising memory and component costs have raised questions about price elasticity, though UBS noted consumers often shop to a budget rather than a specific configuration. Full-year guidance implies an average 1.7% comp decline in the back half, assuming second-quarter comp is in line with UBS's 2.4% forecast.
UBS also flagged marketplace and ads as a growing part of the bull case, embedding 30 basis points of gross margin expansion this year. Clearer commentary on scaling these businesses could boost confidence they can support margins over coming quarters, the bank said.
Best Buy opouští šéfka marketingu Jennie Weber, což podle Jefferies zvyšuje krátkodobé obavy z dalšího přeskupování ve vedení. Analytici zároveň varují před tlakem na poptávku v kategoriích PC a mobilních zařízení kvůli rostoucím nákladům na paměti.
Best Buy Co Inc (NYSE:BBY)'s leadership reshuffle expanded with the unexpected departure of Chief Marketing Officer Jennie Weber, Jefferies analysts have highlighted while reiterating their ‘Hold’ rating on the retailer.
Jefferies maintained its $85 price target on Best Buy, which is currently trading at about $82.
The firm wrote that Weber’s departure came as a surprise given a July 14 company announcement that she would report to incoming CEO Jason Bonfig following a series of leadership role reassignments.
Weber will be replaced by current Chief Creative Officer Marty Senn, who joined Best Buy in January. During her tenure as CMO, Weber oversaw marketing, creative, media, membership and customer insights. Jefferies noted that she relaunched the Best Buy brand in 2024 around a campaign focused on the benefits of technology for consumers.
The firm also highlighted Weber’s role in establishing Geek Squad as a key part of Best Buy’s customer service strategy, revamping the retailer’s rewards points program and developing Best Buy Ads into a retail media network. Jefferies also noted that Weber oversaw the retailer’s in-house creative agency and launched the Best Buy Creator Program, which has grown to more than 2,000 creators.
Jefferies wrote that Bonfig’s incoming leadership could bring a fresh perspective to Best Buy, particularly given his vendor relationships and focus on alternative profit streams such as Best Buy Ads and the company’s third-party marketplace.
The firm also viewed incoming CFO Bramman as a strong replacement for recently departed CFO Bilunas, citing her previous public-company CFO experience in retail and consumer businesses.
However, Jefferies wrote that its concern is the number of leadership roles that have been reassigned over a relatively short period, with changes to the marketing organization now adding to the reshuffling.
Looking ahead, Jefferies wrote that Best Buy Ads and the third-party marketplace could support EBIT margins over the longer term, while replacement cycles in consumer electronics, including televisions, could also provide support.
In the near term, however, the firm sees potential pressure on demand in categories including PCs and mobile devices from rising memory costs, which could contribute to category declines. Jefferies wrote that this could result in a roughly flat comparable sales performance next year, below the Street expectation of more than 1.5% growth, with subsequent SG&A deleverage potentially offsetting gross-margin benefits from alternative profit streams.
Best Buy logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesAug 3 (Reuters) - Best Buy (BBY.N), opens new tab on Monday named Anne Bramman as its new CFO, effective August 19, as the consumer electronics retailer undergoes a leadership transition.
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Bramman takes over from Matt Bilunas; Best Buy announced in June that Bilunas would step down as CFO.
She brings more than 30 years of finance experience and most recently served as chief financial officer of consumer insights and analytics firm Circana.
Bramman is set to join a new executive leadership team under Jason Bonfig, who will succeed current CEO Corie Barry.
Best Buy, which operates more than 1,000 stores across North America, has been working to revive growth by expanding online sales, services and advertising as competition intensifies across the sector.
The company beat analyst expectations for the three months ended May 3, helped by steady demand for AI-powered smartphones and gaming consoles as well as growth in its ads and marketplace channels. It forecast second-quarter sales above Wall Street estimates.
Reporting by Koyena Das in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Best Buy pod novým šéfem Jasonem Bonfigem sází na menší prodejny, aby rozšířil svůj dosah a podpořil dlouhodobý růst. Nové malé formáty mají rozlohu 12 000 až 15 000 čtverečních stop.
Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company.
The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less tech innovation and a slower housing market. In an effort to refresh its products, improve the customer experience and drive more sales, the retailer announced Bonfig will succeed current CEO Corie Barry this fall.
As he prepares to take the helm, Bonfig has said he's focused on four key pillars: advancing Best Buy as a retail and technology company, improving its reach, enhancing the customer experience and focusing on being a human-powered company. Bonfig has also said he's looking into ways to capitalize on the artificial intelligence boom and Best Buy's spot in that next chapter.
This week, Best Buy opened two new stores, one in Jonesboro, Arkansas, and one in Cape Cod, Massachusetts, which Bonfig told CNBC illustrates his strategy as he prioritizes returning the company to long-term and sustainable growth.
"What we're finding is that there are markets that we just can't be in with a traditional size Best Buy store, but they're markets that absolutely make sense for Best Buy from a reach perspective," Bonfig said.
To lean into those markets, the company is opening new small-format stores, ranging from 12,000 to 15,000 square feet, compared to its medium-format stores, which range from 20,000 to 25,000 square feet. Some of its largest stores, including its flagship location in New York City, exceed 40,000 square feet.
The new small stores tap into Bonfig's priority of expanding the company's reach, he said.
"We also know that when we put a store close to a customer, it doesn't just change the customers' behavior in the frequency of the visits of the store … it also changes their behavior digitally as well," Bonfig said.
When Best Buy joins a new, smaller community, he said, the company has found more customers physically go to a store for the first time, but they also use the app and digital channels as well. The Jonesboro store marks Best Buy's return to the town after a tornado destroyed its previous location.
"It's a great example of a vibrant market, a place where customers are interested in our brand, but not a market that could support a 30,000- or 35,000-square-foot store," Bonfig said. "An 18,000-square-foot store allows us to have the best of all of our different categories and meet the needs at that particular location."
The second opening, in Cape Cod, is slightly larger than Best Buy's normal medium-format stores, coming in at 28,000 square feet, but Bonfig said it's another example of finding "the right size store in the right location in the right node."
He added that Best Buy Canada, which can often do things faster than its U.S. counterpart, has been after the small-format store for "an extended period of time" and has seen success with locations as small as 7,000 square feet.
Still, Bonfig emphasized that the small stores are not a replacement for its more typical-format locations.
"It's actually an enhancement of what we're doing today," he said. "But it actually allows us to reach more customers and more markets that we just were not in before."
Trying to turn the pageOver the past five years, Best Buy has seen its stock sink roughly 20% after hitting its peak in late 2021, trading at $138 per share.
For the current fiscal year, Best Buy has said it expects comparable sales in the range of a decline of 1% to an increase of 1%. Though its most recent quarter outperformed Wall Street expectations, it came on the heels of years of declines, like the third fiscal quarter of 2026, when Best Buy reported net income of $140 million, down from $273 million the year prior.
The retailer was also hit by tariffs and is navigating the soaring price of memory chips, which have caused the costs of some consumer electronics to rise.
Bonfig said he attributes Best Buy's recent stagnant performance to a general pull-forward behavior from consumers during Covid that created an unprecedented demand curve that led to a lull. Like home improvement companies, Best Buy saw outsized spending as shoppers were stuck at home and looking to upgrade.
He said Best Buy saw that behavior reset the technology life cycle for a lot of consumers while also forcing vendors to pivot from innovation to production.
"I wouldn't say that Best Buy's lost its momentum," he told CNBC. "I think there's been a very interesting couple years, or maybe more than a couple years, in the market where there was an interesting demand curve where everything was pulled forward."
As he prepares to take the reins of the company, Bonfig said he's focused on improving the customer experience, including upgrading TV selections and working with customers to replace their existing TVs.
Bonfig said he'll define success during his tenure as CEO by the customer response.
He also said the company is leaning into AI for customers and the corporate side of the business, adding that Best Buy is actively investing in new products like Meta's glasses. Best Buy also has an AI tool for customers to use, in addition to partnerships with OpenAI and Google.
"Agentic commerce and commerce through AI platforms is happening today," Bonfig said. "We're seeing traffic there, and we want to make sure that the Best Buy experience is represented."
Still, he added, he expects AI to be an enhancement to the human power behind Best Buy.
And, ultimately, as he looks to step into his new role, Bonfig said he still believes in the core strength of Best Buy despite its recent stagnation.
"Corie had an amazing strategy, and my strategy is built on top of that," Bonfig said. "There is a tremendous amount of momentum."
First Trust Advisors LP raised its stake in Best Buy Co., Inc. (NYSE:BBY – Free Report) by 53.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 905,844 shares of the technology retailer’s stock after buying an additional 314,046 shares during the period. First Trust Advisors LP owned approximately 0.43% of Best Buy worth $58,155,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Best Buy by 99.8% during the 3rd quarter. AQR Capital Management LLC now owns 6,997,871 shares of the technology retailer’s stock worth $525,120,000 after acquiring an additional 3,496,254 shares in the last quarter. Norges Bank acquired a new stake in shares of Best Buy during the fourth quarter worth $174,685,000. Schroder Investment Management Group lifted its holdings in shares of Best Buy by 378.8% during the fourth quarter. Schroder Investment Management Group now owns 3,096,015 shares of the technology retailer’s stock valued at $207,216,000 after purchasing an additional 2,449,342 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Best Buy by 104.1% during the fourth quarter. Hsbc Holdings PLC now owns 2,020,539 shares of the technology retailer’s stock valued at $135,685,000 after purchasing an additional 1,030,544 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Best Buy by 293.6% in the 4th quarter. KBC Group NV now owns 1,052,805 shares of the technology retailer’s stock valued at $70,464,000 after purchasing an additional 785,294 shares during the period. Institutional investors and hedge funds own 80.96% of the company’s stock.
Best Buy Trading Up 1.0% Shares of NYSE:BBY opened at $85.26 on Friday. The firm has a fifty day moving average of $75.59 and a two-hundred day moving average of $68.19. The firm has a market capitalization of $17.97 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 2.27 and a beta of 1.30. Best Buy Co., Inc. has a 12-month low of $55.10 and a 12-month high of $87.35. The company has a quick ratio of 0.40, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.
Best Buy (NYSE:BBY – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.23 by $0.05. Best Buy had a net margin of 2.73% and a return on equity of 48.70%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company posted $1.15 EPS. Best Buy’s revenue was up 1.9% on a year-over-year basis. Best Buy has set its FY 2027 guidance at 6.300-6.600 EPS. On average, equities analysts expect that Best Buy Co., Inc. will post 6.56 EPS for the current fiscal year.
Best Buy Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a $0.96 dividend. The ex-dividend date was Thursday, June 18th. This represents a $3.84 dividend on an annualized basis and a yield of 4.5%. Best Buy’s payout ratio is 71.11%.
Analysts Set New Price Targets A number of equities analysts recently weighed in on BBY shares. Wall Street Zen cut Best Buy from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Morgan Stanley upped their price objective on shares of Best Buy from $72.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Best Buy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. DA Davidson reissued a “buy” rating and issued a $90.00 target price on shares of Best Buy in a research report on Monday, June 22nd. Finally, Wedbush boosted their price target on shares of Best Buy from $70.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.50.
View Our Latest Stock Report on BBY
Insider Transactions at Best Buy In other news, Chairman Richard M. Schulze sold 500,350 shares of Best Buy stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $76.12, for a total transaction of $38,086,642.00. Following the completion of the sale, the chairman directly owned 10,930,586 shares in the company, valued at $832,036,206.32. The trade was a 4.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mathew Watson sold 1,784 shares of Best Buy stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $73.80, for a total value of $131,659.20. Following the sale, the chief accounting officer owned 21,630 shares of the company’s stock, valued at approximately $1,596,294. This represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,002,134 shares of company stock worth $77,283,527 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.
About Best Buy (Free Report)
Best Buy Co, Inc is a leading North American consumer electronics retailer that sells a broad range of products including computers, mobile phones, televisions and home theater systems, major appliances, smart-home devices, gaming hardware and software, wearables and related accessories. The company operates through a mix of large-format stores, smaller specialty locations and an e-commerce platform, offering national and private-brand merchandise from major consumer-technology manufacturers as well as third-party sellers.
Beyond product retailing, Best Buy provides a suite of services aimed at installation, repair and ongoing technical support.
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Best Buy v prvním fiskálním čtvrtletí překonal odhady: tržby dosáhly 8,94 miliardy USD a upravený zisk na akcii vzrostl na 1,28 USD. Srovnatelné tržby stouply o 2 %.
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52-Week Range$55.10▼
$84.99Dividend Yield5.10%
P/E Ratio13.95
Price Target$79.50
Best Buy NYSE: BBY is accomplishing what many thought unlikely.
After a pandemic-fueled surge came and went, the company is showing signs of stabilizing sales and online momentum. Rather than another big-box victim, it is focused on improving its margins and expanding its business. And it is maintaining strong profitability despite sluggish consumer electronics demand.
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In fact, the most-recent three month results came in above what most analysts expected. Comparable store sales rose. And management reiterated full-year guidance with enough specifics to suggest the direction had changed.
Investors who had written off the company as too old-fashioned might be surprised by the evidence that arrived. Whether now is the time to jump into the stock depends a lot on what happens next.
Best Buy Delivers Better-Than-Expected ResultsBest Buy’s first fiscal quarter, which ended on May 2, tells a solid story of incremental progress across a number of key pursuits.
Revenue beat expectations and reached $8.94 billion in the quarter, up from $8.77 billion a year earlier, and reversing a fourth-quarter slide during the key holiday season. Adjusted diluted earnings per share climbed to $1.28 from $1.15, also above what analysts expected. Reported net earnings climbed more than one-third to $276 million from $202 million a year earlier.
Comparable sales rose 2%, more than the company had anticipated and in contrast to a drop of 0.7% in the year-ago period. Domestic revenue increased 1.5% to $8.25 billion, with domestic comparable sales up 1.8%.
Operational results were also encouraging. Operating income reached 4.1% of revenue, the company’s domestic gross margin expanded to 23.7% from 23.5%, and adjusted selling, general, and administrative (SG&A) expenses as a share of domestic revenue edged down to 19.3% from 19.4%.
Those were not big changes, but in retail, those fractions of a percentage point matter. Extracting more margin from a little more revenue shows positive direction, even if the headline numbers don’t show a big change.
New Growth Businesses Are Gaining MomentumWhere the growth came from is perhaps more important than the growth itself. The company said its biggest contributors to comparable-sales gains were gaming, computing, mobile phones, and services, categories with momentum. In contrast, sales of consumer electronics slid slightly while appliances fell nearly 14%.
The recent numbers also gave proof that the company’s recent strategy is delivering. Best Buy Ads, which promotes brands and products through Best Buy’s customer base, and the company's online Marketplace, which hosts third-party sellers, also delivered strong performances. For lines of business that barely existed a few years ago, the company is nicely expanding its profile beyond TVs and computers.
Results from the company’s international operations were also encouraging. Revenue in that segment rose 7.3% to $687 million, led by 4.7% sales growth and the rest attributable to favorable foreign exchange rates.
Wall Street Remains CautiousBest Buy is also regaining investor attention. Shares are up more than 16% since the start of the year, but the stock still trades below $80, well under its level above $100 less than two years ago and below its 52-week high near $85.
Even with the recent results, analysts remain cautious. Of the 22 analysts following the company, the average rating is a Hold on the stock. Six analysts say Buy, 14 suggest Hold, and two recommend Sell.
With a 12-month average price target of $79.50 per share, analysts see only limited upside from recent trading levels.
Risks Continue to Limit the UpsideThe recommendation to Hold is also a reflection of other possible factors.
Best Buy Dividend PaymentsDividend Yield5.11%
Annual Dividend$3.84
Dividend Increase Track Record22 Years
Annualized 5-Year Dividend Growth11.55%
Dividend Payout Ratio71.11%
Next Dividend PaymentJul. 9
BBY Dividend History
Best Buy raised its quarterly payout by 1 cent to 96 cents per share in March and paid $202 million in dividends in the first quarter. That represents an over 5% yield based on current prices.
But the company’s guidance for 2027, though solid and suggesting that the improvement is durable, is roughly flat compared to the results reported last year.
The bear case has also not completely disappeared. The retail sector is notoriously volatile. And with the housing market not helping, the decline in appliance sales, which now represents 10% of its business, is not likely to recover anytime soon.
The broader competitive pressure from e-commerce, warehouse clubs, mobile carriers, and direct-to-consumer brands is also as real as it has ever been. Amazon NASDAQ: AMZN, Walmart NASDAQ: WMT, Costco NASDAQ: COST, and Apple NASDAQ: AAPL each compete for the same shoppers.
Another question hanging over the company is some recent changes in senior management. Best Buy changed both its future chief executive officer and its chief financial officer within a short span.
The company has announced that Jason Bonfig, who oversees merchandising, ecommerce, marketing, supply chain, Best Buy Canada, and Best Buy Ads, will succeed Corie Barry as CEO at the end of October. The company’s chief financial officer will also step down at the end of July.
Best Buy's Comeback Still Needs More ProofPatient investors attracted by high dividends and a leading brand retailer are likely paying attention. With execution improving and its expansion of profit pools, Best Buy is making a credible case. Profits are up, and its efficiency strategy appears to be working.
Other investors might want more proof. A leadership transition and a muted sales trajectory make a quick run-up unlikely in the near term. Waiting for results from another quarter or two might be the smart move to ensure the comeback is real.
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Best Buy klesá po oznámení odchodu finančního a strategického šéfa Matta Bilunase na konci července. Firma zároveň čelí opatrným výdajům spotřebitelů a tlaku na marže.
Shares of Best Buy BBY have declined following the announcement that Matt Bilunas, the company's Chief Financial and Strategy Officer, will depart at the end of July. This marks a significant leadership transition as Jason Bonfig is set to take over as CEO on November 1. Investors are concerned about the timing, as the company navigates a leadership change while facing challenges such as cautious consumer spending and margin pressures.
Leadership Setup: Bilunas has been with BBY for 20 years, overseeing finance, strategy, procurement, financial services, real estate, and omnichannel operations. His departure represents a broader change than a typical CFO transition. Transition Risk: Best Buy is engaging an external search firm to find a successor with prior CFO experience. Current CEO Corie Barry, a former CFO herself, will provide financial oversight during the transition if necessary. Operating Momentum: The company's recent performance has shown improvement, with better-than-expected Q1 profitability and eight consecutive quarters of positive computing comparisons. Margin Framework: For FY27, Best Buy anticipates a gross profit rate improvement of about 30 basis points, supported by initiatives like Best Buy Ads and U.S. Marketplace, although core product margins are under pressure from promotional activities. Demand Friction: BBY is encountering a mixed consumer-electronics market, with value-focused shoppers and softness in home theater and appliances, despite some strengths in certain categories. Capital Returns: The company has maintained its quarterly dividend of $0.96 and plans approximately $300 million in share repurchases for FY27, indicating that the leadership transition has not altered its capital-return strategy.The key takeaway is that while BBY's operational plan appears stable, the departure of the CFO adds execution and communication risks during this critical CEO transition. Investors are particularly attentive as the company manages multiple challenges, including a fragile consumer-electronics recovery and uncertainties in component costs and pricing. The transition does not inherently signal operational issues, especially with Barry's oversight and Bonfig's involvement in the company's digital strategy. However, the urgency for a credible successor announcement increases, and positive sentiment may hinge on a swift CFO appointment and continued operational stability.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Best Buy vyplatí čtvrtletní dividendu 0,96 USD na akcii, tedy 3,84 USD ročně, což při ceně 73,10 USD znamená výnos kolem 5 %. Dividenda je podle článku krytá ziskem i volným peněžním tokem.
Consumer electronics giant Best Buy (NYSE: BBY | BBY Price Prediction) just declared a $0.96 quarterly payout, pushing the annualized dividend to $3.84 per share. At a recent price of $73.10, that is a yield of roughly 5.0%, well north of the 4.43% 10-year Treasury. With Kevin Warsh signaling a more hawkish Fed posture and retiree portfolios bracing for volatility, the question I want to answer is simple: how safe is this dividend?
Dividend Snapshot Metric Value Annual Dividend $3.84 per share Dividend Yield ~5.0% Most Recent Increase 1% (March 2026) Years Paid Without Cut 20+ years Dividend Aristocrat/King No Payout Ratios Leave Real Breathing Room Best Buy generated $1.258 billion in free cash flow on $1.962 billion of operating cash flow in FY26, against roughly $820 million in dividends paid. FY26 adjusted EPS of $6.43 easily covers the $3.84 payout.
Metric TTM Assessment Earnings Payout Ratio ~60% Healthy FCF Payout Ratio ~65% Healthy OCF Coverage ~2.4x Strong FY27 guidance of $6.30 to $6.60 in adjusted EPS keeps that earnings payout ratio firmly under 65% even at the low end.
The Balance Sheet Backs the Check Metric Value Assessment Cash on Hand $1.749B Solid Buffer Shareholders’ Equity $3.083B Stable EV/EBITDA 8x Conservative Cash alone covers more than two years of dividends. With EBITDA of $2.618 billion, leverage is manageable, and management is still funding ~$300 million in FY27 buybacks on top of the dividend.
A Streak That Survived COVID Year Annual Dividend 2026 $3.84 2025 $3.80 2024 $3.76 2023 $3.68 2022 $3.52 Best Buy never cut during the pandemic and the five-year dividend CAGR runs around 6.5%. The most recent 1% bump is modest, signaling caution but not stress.
Management Is Funding the Dividend Through a CEO Handoff CEO Corie Barry, who hands the reins to Jason Bonfig on November 1, 2026, said on the Q1 FY27 call: “We also drove operating income rate expansion and EPS growth.” The board approved the raise alongside the buyback plan, which tells me capital return remains a priority through the transition.
The Verdict: Safe Dividend Safety Rating: Safe. A ~60% earnings payout, ~65% FCF payout, $1.7 billion in cash, and an unbroken 20-year payment record give me confidence. The dividend looks well-supported for income-focused investors who expect computing and gaming refresh cycles to keep comparable sales positive. The risk profile worsens if consumer sentiment (49.8) keeps sliding and appliance weakness deepens. For now, the 5% yield looks well earned.
Jefferies vidí Best Buy pod novým CEO Jasonem Bonfigem v nové růstové fázi díky obnovovacím cyklům, inovacím produktů a silnějším kategoriím. Jako tahouny zmiňuje RGB TV, retail media a růst marketplace.
Best Buy Co Inc (NYSE:BBY) is positioned for a new phase of growth under incoming CEO Jason Bonfig, according to Jefferies analysts, who said that recent discussions with the executive left them increasingly confident in the company’s outlook amid shifting dynamics in consumer electronics.
Jefferies sees a supportive backdrop for the retailer as replacement cycles, product innovation and category complexity converge, creating what it describes as an opportunity for higher industry growth and above-average expansion for Best Buy.
The firm highlighted potential upside drivers, including retail media, third-party marketplace growth, TV replacement demand, and share gains in appliances.
Jefferies pointed to Bonfig’s long-standing relationships with key vendors as a strategic advantage, particularly in the context of ongoing supply chain constraints such as memory chip shortages.
The analysts also highlighted his role in securing Best Buy’s early exclusivity around RGB televisions, citing it as evidence of his ability to commercialize emerging technology trends.
According to Jefferies, the launch of RGB TVs is expected imminently, with employee training completed and a broad marketing campaign set to begin later this month. The rollout will include bundled services such as delivery, installation and haul-away, which the firm said reflects a deliberate effort to target consumers who may not yet have an urgent replacement need.
On Best Buy’s advertising business, Jefferies said recent technology investments could enable more flexible and scalable campaign formats, including multiple simultaneous store “takeover” campaigns across different geographies and customer segments. The firm described this as a potential acceleration point for what is already a high-margin revenue stream.
Jefferies also compared Best Buy’s positioning in the current AI cycle to the early days of Wi-Fi adoption, arguing that new technology waves tend to benefit the retailer as consumers rely on in-store expertise to navigate complex product shifts.
In appliances, the note highlighted a strategy focused on delivery speed and fulfillment optimization, including expanded rural inventory positioning and later cutoffs for next-day delivery in urban markets. Jefferies wrote that these changes could help capture incremental demand from time-sensitive purchases.
The firm added that Best Buy’s third-party marketplace expansion is expected to scale faster in the US than it did in Canada, where Bonfig previously led similar efforts.
Jefferies concluded that Best Buy is well positioned in an “agentic commerce” environment, where automated shopping tools may increase price transparency but also surface fulfillment and service advantages such as rapid delivery and installation—areas where the retailer maintains structural strengths.
Best Buy shares traded hands at about $74 on Tuesday, up almost 11% in the year to date.
