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Best Buy

All articles tagged with #best buy

Best Buy taps longtime executive Bonfig to lead post-pandemic growth
business1 month ago

Best Buy taps longtime executive Bonfig to lead post-pandemic growth

Best Buy named Jason Bonfig, a 27-year veteran and current chief customer, product and fulfillment officer, as CEO effective Oct. 31, succeeding Corie Barry, who will stay on as strategic advisor for six months. Bonfig helped drive merchandising, e-commerce and the company’s marketplace launch; the board says he is the right leader to accelerate growth as Best Buy pursues AI-enabled devices and higher profits, while maintaining its revenue and earnings guidance for the year.

LG’s B5 OLED TVs go on deep discounts, bringing budget OLED to the living room
gadgets1 month ago

LG’s B5 OLED TVs go on deep discounts, bringing budget OLED to the living room

LG’s 48-inch B5 OLED TV is on sale for $599.99 at Best Buy (about $700 off), while the 55-inch model is $799.99 at Amazon, Best Buy, and LG (also $700 off), making OLED more affordable. The TVs offer four HDMI 2.1 ports, Dolby Vision and Atmos, a 120Hz panel, and LG’s webOS with AirPlay 2 and Google Cast; while not as bright as premium models, reviewers praise its deep blacks, accurate colors, and strong feature set for the price.

Best Buy Posts EPS Beat as Revenue Lag Turns Upbeat on Profitability
business2 months ago

Best Buy Posts EPS Beat as Revenue Lag Turns Upbeat on Profitability

Best Buy beat Q4 adjusted EPS ($2.61) but missed on revenue ($13.81B vs $13.88B expected), with quarterly net income at $541M. Full-year revenue rose slightly to $41.69B from $41.53B, while comps declined 0.8%. For the new fiscal year, Best Buy guides revenue of $41.2–$42.1B and adjusted EPS of $6.30–$6.60, as management flags a mixed macro environment and flat market share. Shares jumped more than 10% in premarket trading.

Leak teases portable Sonos Play with IP67 rating and 24-hour battery
technology2 months ago

Leak teases portable Sonos Play with IP67 rating and 24-hour battery

An unannounced Sonos Play portable speaker has surfaced on Best Buy Canada, listed at CAD 399.99 with an apparent March 31, 2026 release. The device, likely a smaller Move 2, would support Wi‑Fi for multi‑room setups, AirPlay 2, Bluetooth 5.3, and an aux input, plus an IP67 waterproof/dustproof rating, a 24‑hour battery, a wireless charging base, and USB‑C power‑bank charging. Sonos hasn’t officially announced it yet, but a formal reveal seems imminent.