Best Buy to furlough 51,000 hourly U.S. store employees [Reuters]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: Reuters
Best Buy to furlough 51,000 hourly U.S. store employees April 15 (Reuters) - Electronics retailer Best Buy Co Inc said on Wednesday it would furlough about 51,000 hourly U.S. store employees but retain a vast majority of its full-time store and field workers to cater to a surge in demand for work-from-home equipment due to the coronavirus lockdowns. The retailer, which has switched to a curbside delivery model amid store closures, said that starting next week, some corporate employees would also participate in voluntary reduced work weeks and voluntary furloughs, while its top management and board would take a pay cut. The company’s sales during the quarter, before switching to the new service model late in March, grew about 4%, ahead of its own expectations, Best Buy said, adding that domestic online sales were up about 250% from a year earlier. Sales grew about 25% during an 8-day period ended March 20, a day before the company announced its decision to switch to a curbside model, a
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BBY
News
- Best Buy Appoints Dylan Jadeja to Board of DirectorsBusiness Wire
- Best Buy (NYSE:BBY) had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $95.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Best Buy (NYSE:BBY) had its price target raised by analysts at Daiwa Capital Markets from $76.00 to $80.00. They now have a "neutral" rating on the stock.MarketBeat
- Best Buy (NYSE:BBY) had its price target raised by analysts at JPMorgan Chase & Co. from $97.00 to $99.00.MarketBeat
- Best Buy (NYSE:BBY) was given a new $84.00 price target on by analysts at Truist Financial Corporation.MarketBeat
BBY
Earnings
- 11/25/25 - Beat
BBY
Sec Filings
- 12/5/25 - Form 10-Q
- 12/1/25 - Form 8-K
- 11/25/25 - Form 8-K
- BBY's page on the SEC website