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Best Buy Provides Updates on Evolution of Employee Pay and Sales Performance July 21, 2020
Increasing Starting Hourly Wage to $15 on Aug. 2 Quarter-to-Date Sales Up Approximately 2.5% Compared to Last Year Sales Up Approximately 15% Compared to Last Year Since Stores Re-opened for Customer Shopping Best Buy Co., Inc. (NYSE: BBY) today announced updates related to employee pay evolution and Q2 FY21 quarter-to-date sales performance. Employee Pay Evolution The company is raising the starting hourly wage for all Domestic employees to $15 effective Aug. 2. “Strong consumer demand, combined with shopping experiences that emphasize safety and convenience, has helped produce our sales results to date,” Best Buy CEO Corie Barry said. “None of this would be possible without the effort and energy of our front-line employees working in stores, supply chain facilities and customers’ homes. Today’s announcement on pay reflects an ongoing evolution and investment in how we compensate them for their critical work and is the result of clear and consistent feedback from field employees...
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Best Buy Announces Regular Quarterly Cash Dividend May 22, 2020
The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.55 per common share. The quarterly dividend is payable on July 2, 2020, to shareholders of record as of the close of business on June 11, 2020. The company had 257,608,566 shares of common stock issued and outstanding as of May 2, 2020. View source version on businesswire.com: https://www.businesswire.com/news/home/20200522005031/en/ Investor Contact:
Mollie O’Brien
mollie.obrien@bestbuy.com Media Contact:
Carly Charlson
press@bestbuy.com Source: Best Buy Co., Inc....
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NYSE: BBY

Stock Quote: NYSE

Price

$ 102.90

Change

+0.15 % Change +0.15%

Volume

1,584

Today's Open

102.88

Previous Close

102.75

Intraday Low

101.91

Intraday High

103.72

Aug 07, 2020 04:00 PM ET Minimum 20 minute delay

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