Best Buy Co. stock price

Best Buy Co. latest news:


  • 09/19/2017 06:54:46

    Best Buy aims for revenue of $43 billion in 2021

    Best Buy Co. Inc. set long-term financial goals and updated its "Best Buy 2020: Building the New Blue" growth strategy ahead of its investor day event, which begins at 2 p.m. ET Tuesday. Best Buy set a goal of $43 billion in revenue for fiscal 2021, versus $39.4 billion in fiscal 2017. The adjusted earnings per share goal is $4.75 to $5.00. The company plans to drive $600 million in annualized cost savings by the end of fiscal 2021. By the end of October, Best Buy will enhance the smart home area in all its stores, roll out the Best Buy Smart Home by Vivint home automation and security product to 450 stores and add 1,500 employees dedicated to smart home. And in two markets, the retailer is piloting a service, Assured Living, that allows adult children to check in on their aging parents. Best Buy shares are up 0.7% in premarket trading, and up 34.4% for the year so far. The S&P 500 index is up nearly 12% for 2017 to date.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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