Tranche Update on Best Buy Co., Inc.'s Equity Buyback Plan announced on February 25, 2021.
August 24, 2021 at 07:01 am EDT
Share
From May 2, 2021 to July 31, 2021, the company has repurchased 3,680,263 shares, representing 1.47% for $414.95 million. With this, the company has completed the repurchase of 11,063,987 shares, representing 4.34% for $1,211.12 million under the buyback announced on February 25, 2021.
Best Buy Co., Inc. specializes in retail distribution of consumer electronic products and entertainment products. The group provides primarily computing products (computers, peripherals, software), hi-fi products (televisions, DVD players, etc.), cameras, mobile phones, audio systems and home appliances (washers, refrigerators, etc.). Net sales break down by area of activity as follows:
- the United States (92.4%): activity insured, at 28/01/2023, through a network of 978 stores distributed by names mainly between Best Buy (925) and Pacific Sales (20);
- Canada (7.6%): 160 stores distributed between Best Buy (127) and Best Buy Mobile (33).
Products are also marketed through Websites (primarily Bestbuy.com, BestBuyMobile.com, GeekSquad.com, MagnoliaAV.com, PacificSales.com, and FutureShop.ca).
BEST BUY CO., INC. 
