OverviewSuggest Edit
Best Buy is a company operating as a retailer of technology and entertainment products and services. It offers software and virtual reality products and a range of appliances, such as TV sets, home theaters, cameras, cell phones, audio products, electronics, etc.
| Type | Public | |
| Founded | 1966 | |
| HQ | Richfield, MN, US | Map |
| Website | corporate.bestbuy.com | |
| Employee Ratings | More | |
| Overall Culture | B+ | More |
Key People/Management at Best Buy
Corie Barry
Chief Executive Officer & Director
Mike Mohan
President and Chief Operating Officer
Whit Alexander
Chief Strategy Officer
Rob Bass
Chief Supply Chain Officer
Matt Bilunas
Chief Financial Officer
Jason Bonfig
Chief Merchandising Officer
Best Buy Office Locations
Best Buy has offices in Richfield and Burnaby
Richfield, MN, US (HQ)
Hub, 7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Parkway
Best Buy Financials and Metrics
Best Buy Revenue
Best Buy's revenue was reported to be $47.26 b in FY, 2021
| USD | |
|---|---|
Revenue (FY, 2021) | 47.3b |
Gross profit (FY, 2021) | 10.6b |
Gross profit margin (FY, 2021), % | 22.4% |
Net income (FY, 2021) | 1.8b |
EBIT (FY, 2021) | 2.4b |
Market capitalization (11-Jun-2021) | 28.6b |
Closing stock price (11-Jun-2021) | 114.4 |
Cash (30-Jan-2021) | 5.5b |
EV | 27.2b |
Best Buy's current market capitalization is $28.6 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 208.0m | 452.0m | 729.0m | 265.0m | 503.0m | 796.0m | 159.0m | 591.0m | 982.0m |
Depreciation and Amortization | 176.0m | 358.0m | 550.0m | 200.0m | 401.0m | 607.0m | 207.0m | 414.0m | 628.0m |
Inventories | 243.0m | 187.0m | (2.9b) | 207.0m | 199.0m | (2.2b) | 1.1b | 1.0b | (2.3b) |
Accounts Payable | (214.0m) | 485.0m | 3.1b | (519.0m) | (213.0m) | 2.0b | (816.0m) | 1.3b | 3.8b |
| USD | FY, 2018 |
|---|---|
Debt/Equity | 0.4 x |
Debt/Assets | 0.1 x |
Financial Leverage | 3.6 x |
Best Buy Operating Metrics
Best Buy's Stores was reported to be 1.2 k in Q3, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stores | 1.51 k | 1.36 k | 1.26 k | 1.25 k | 1.24 k | 1.24 k | 1.24 k | 1.24 k | 1.23 k | 1.23 k | 1.23 k | 1.22 k | 1.2 k |
Retail Space, sq. ft. | 44.96 m | 44.73 m | 44.63 m | 44.27 m | 44.11 m | 44.11 m | 44.1 m | 44.15 m | 43.61 m | 43.53 m | |||
Stores (Domestic) | 1.3 k | 1.15 k | 1.04 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.01 k | 1.01 k | 1 k | 1 k | 991 |
Retail Space (Domestic), sq. ft. | 40.36 m | 40.12 m | 40 m | 39.62 m | 39.5 m | 39.5 m | 39.48 m | 39.52 m | 38.93 m | 38.82 m |
Best Buy Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Critical Signal Technologies | June 03, 2019 | |
| GreatCall | August 15, 2018 | $800 m |
| mindSHIFT Technologies | November 07, 2011 | $167 m |
| Five Star Appliance | February 16, 2009 | |
| Dealtree.com | December 08, 2008 | |
| Napster | September 14, 2008 | $121 m |
| Speakeasy | March 27, 2007 | $97 m |
| Jiangsu Five Star Appliance | May 12, 2006 | |
| Pacific Sales | January 16, 2006 | |
| Geek Squad | October 24, 2002 |
Best Buy Revenue Breakdown
Best Buy revenue breakdown by business segment: 8.1% from International and 91.9% from Domestic
Best Buy Cybersecurity Score
Best Buy Environment, Social & Governance (ESG) Ratings
Best Buy Online and Social Media Presence
1.17m Twitter followers
Best Buy has 1.17m Twitter Followers. The number of followers has decreased 0.5% month over month and increased 1.1% quarter over quarter
Best Buy's Trends
Twitter Engagement Stats for @BestBuy
58.6k
Tweets
84
Following
1.2m
Followers
149
Tweets last 30 days
13.2
Avg. likes per Tweet
70.5%
Tweets with engagement
Best Buy Company Culture
Overall Culture
B+
72/100
CEO Rating
A+
78/100
Compensation
B
70/100
Diversity
B
70/100
Best Buy Blogs
May 03, 2021
5 Mother’s Day Gifts Your Mom Will Actually Love
Moms are so great there’s a whole day to celebrate them. But what do you give someone who literally gave you the gift of life?
The post 5 Mother’s Day Gifts Your Mom Will Actually Love appeared first on Best Buy Corporate News and Information.
April 30, 2021
Best Buy extends support for COVID-19 relief in India
Our hearts and thoughts are with everyone in the country, including many of our colleagues, friends and partners.
The post Best Buy extends support for COVID-19 relief in India appeared first on Best Buy Corporate News and Information.
April 29, 2021
Best Buy stands with AAPI employees, communities
We must acknowledge the struggle and pain taking place within that community right now.
The post Best Buy stands with AAPI employees, communities appeared first on Best Buy Corporate News and Information.
April 29, 2021
Living my values: Best Buy leaders celebrate their Asian American heritage
For AAPI Heritage Month, we’re proud to highlight four leaders from across Best Buy.
The post Living my values: Best Buy leaders celebrate their Asian American heritage appeared first on Best Buy Corporate News and Information.
April 29, 2021
Creativity, Connection Fuel This Best Buy Employee’s Passion
Best Buy creative director seeks to honor his family's Asian heritage and contribute to the local community.
The post Creativity, Connection Fuel This Best Buy Employee’s Passion appeared first on Best Buy Corporate News and Information.
April 29, 2021
She’s proud to carry on her family’s trailblazing legacy
Jen Teves, a research director at Best Buy, still uses the skills her grandmother taught her.
The post She’s proud to carry on her family’s trailblazing legacy appeared first on Best Buy Corporate News and Information.
Best Buy Frequently Asked Questions
When was Best Buy founded?
Best Buy was founded in 1966.
Who are Best Buy key executives?
Best Buy's key executives are Corie Barry, Mike Mohan and Whit Alexander.
How many employees does Best Buy have?
Best Buy has 125,000 employees.
What is Best Buy revenue?
Latest Best Buy annual revenue is $47.3 b.
What is Best Buy revenue per employee?
Latest Best Buy revenue per employee is $378.1 k.
Who are Best Buy competitors?
Competitors of Best Buy include BJ's Wholesale Club, The Home Depot and Office Depot.
Where is Best Buy headquarters?
Best Buy headquarters is located at Hub, 7601 Penn Ave S, Richfield.
Where are Best Buy offices?
Best Buy has offices in Richfield and Burnaby.
How many offices does Best Buy have?
Best Buy has 2 offices.
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