Best Buy Furloughing Around 51,000 U.S. Workers, CEO Taking 50% Salary Cut [The Motley Fool]
Best Buy Co., Inc. (BBY)
Last best buy co., inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.bestbuy.com/investor-relations/overview/default.aspx
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Source: The Motley Fool
Eric Volkman(TMFVolkman)Author BioEric has been writing about stocks and finance since the mid-990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.Facing a significant strain on its business due to theSARS-CoV- coronavirus pandemicBest BuyNYSE:BBYThe electronics retailer will furlough roughly ,000 hourly employees; the vast majority of part-time workers will be part of this cull.The affected employees will continue to retain their health benefits free of charge for at least three months, Best Buy said, and the company is partnering with its founder Dick Schulze to create a $0 million employee-assistance fund. Both full-time and part-time workers employed by Best Buy over one year can qualify for disbursements from the fund.Image source: Best Buy.In the top managerial ranks, CEO Corie Ba
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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