She will be succeeded by Jason Bonfig, a longtime executive at the electronics retailer.
Best Buy said Wednesday that Jason Bonfig, a 27-year company veteran, will succeed Corie Barry as CEO on Oct. 31. Barry, who has been CEO since 2019, led the consumer electronics retailer through the Covid pandemic, high inflation and President Donald Trump's higher global tariffs.
Market volatility in 2026 and ongoing uncertainty around tariffs remind income-focused investors of a simple truth: earned income alone is fragile.
BDCs have been driving a lot of chitchat with sector woes. Not all BDCs are made equal. I unpack and take a look at the top ten.
Traders looking for a short-term “refund effect” often start with retailers, hoping consumers receiving a refund might turn around and immediately spend that money.
Best Buy (NYSE:BBY) stock is down 3% in early Monday trading after Goldman Sachs (NYSE:GS) issued a rare double downgrade, cutting the consumer electronics retailer all the way from Buy to Sell.
Best Buy (BBY) has experienced a ~25% share price decline from its October peak, entering bear market territory. Despite weak comp sales and industry headwinds, BBY has maintained market share and recently increased its dividend by 1%. The stock's substantial price erosion and higher yield now make BBY appealing for income-focused investors.
Best Buy (BBY) reported earnings 30 days ago. What's next for the stock?
I identify 55 Attractive Sustainable Dividend Dogs, with 27 in the "safe zone" where free cash flow yield exceeds dividend yield. Top ten ASDD stocks are projected to deliver average net gains of 35.62% by March 2027, with risk/volatility 7% below the market. NewtekOne, Graphic Packaging, and Copa Holdings lead projected returns, with NEWT estimated at 55.51% net gain.
Best Buy shares jumped on rumors GameStop might be preparing to acquire the struggling retailer without any real basis for the stock's move.
Some attributed the jump in Best Buy's stock to the prospect of a takeover by GameStop, but the analyst who wrote the note that started that speculation says otherwise.
Best Buy (NYSE: BBY) has raised its dividend for 22 consecutive years, and the stock now yields 6.1% at a price of $61.71.