Best Buy is a multinational retailer of technology and entertainment products and services offering consumer electronics and more. Its family of brands and partnerships includes brands such as Best Buy, Audiovisions, Future Shop, Geek Squad, Jiangsu Five Star, Magnolia Audio Video, Pacific Sales, and Cowboom. Best Buy provides its users with service contracts; extended warranties; product repair; broadband voice, data, and information technology services; and delivers and installs home theater, mobile audio, and appliances.
Type
Public
HQ
Richfield, US
Founded
1966
Size (employees)
125,000 (est)
Best Buy was founded in 1966 and is headquartered in Richfield, US
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Key People/Management at Best Buy

Hubert Joly

Hubert Joly

Chairman & CEO
Corie Barry

Corie Barry

Chief Financial Officer
Keith Nelsen

Keith Nelsen

General Counsel
Shari Ballard

Shari Ballard

Senior Executive Vice President and President of Multichannel Retail
Asheesh Saksena

Asheesh Saksena

Chief Strategic Growth Officer
Trish Walker

Trish Walker

President, Services
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Best Buy Office Locations

Best Buy has offices in Evansville, Tallahassee, Harrisburg, Charleston and in 246 other locations
Richfield, US (HQ)
7601 Penn Ave S
Seattle, US
1000 Denny Way
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Best Buy Financials and Metrics

Best Buy Financials

Best Buy's revenue was reported to be $39.40 b in FY, 2017 which is a 0.3% decrease from the previous period.
USD

Revenue (Q3, 2018)

9.3 b

Gross profit (Q3, 2018)

2.3 b

Gross profit margin (Q3, 2018), %

24.5%

Net income (Q3, 2018)

239 m

EBIT (Q3, 2018)

350 m

Market capitalization (20-Apr-2018)

22.2 b

Cash (28-Oct-2017)

1.1 b

EV

22.4 b
Best Buy's current market capitalization is $22.2 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

42.4 b38.3 b39.5 b39.4 b

Revenue growth, %

(10%)3%0%

Cost of goods sold

32.7 b29.2 b30.3 b30 b

Gross profit

9.7 b9 b9.2 b9.4 b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

8.6 b8.5 b8.8 b8.4 b8.5 b8.9 b8.5 b8.9 b9.3 b

Cost of goods sold

6.5 b6.4 b6.7 b6.3 b6.5 b6.7 b6.5 b6.8 b7 b

Gross profit

2 b2.1 b2.1 b2.1 b2.1 b2.2 b2 b2.2 b2.3 b

Gross profit Margin, %

24%25%24%25%24%25%24%24%24%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

2.7 b2.4 b2 b2.2 b

Accounts Receivable

1.3 b1.3 b1.2 b1.3 b

Current Assets

10.5 b11.7 b9.9 b10.5 b

PP&E

2.6 b2.3 b2.3 b2.3 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

2.6 b2.1 b1.9 b2.2 b1.8 b1.7 b1.8 b1.9 b1.3 b1.7 b1.4 b1.1 b

Accounts Receivable

871 m1 b1.1 b995 m1 b1.1 b1.1 b926 m1.2 b1 b965 m971 m

Current Assets

10.1 b10.6 b12.1 b10.4 b10.2 b11.7 b9.3 b9.7 b11 b9.7 b10.1 b11.4 b

PP&E

2.5 b2.5 b2.5 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.3 b2.3 b2.4 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

523 m1.2 b897 m1.2 b

Depreciation and Amortization

701 m656 m657 m654 m

Inventories

597 m(141 m)86 m193 m

Accounts Payable

(986 m)434 m(536 m)518 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

461 m608 m715 m129 m293 m418 m229 m427 m621 m188 m397 m636 m

Depreciation and Amortization

161 m319 m484 m163 m326 m494 m162 m327 m491 m161 m329 m500 m

Inventories

121 m(205 m)(1.5 b)261 m168 m(1.5 b)365 m161 m(1.4 b)223 m(285 m)(1.8 b)

Accounts Payable

(144 m)120 m1.5 b(446 m)(335 m)1.2 b(73 m)355 m1.8 b(382 m)15 m1.5 b
USDY, 2017

EV/EBIT

64.1 x

EV/CFO

18.6 x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

3.6 x
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.5 k in Q3, 2018.
Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Stores

1.78 k1.76 k1.76 k1.73 k1.68 k1.65 k1.65 k1.63 k1.62 k1.61 k1.60 k1.58 k1.56 k1.56 k1.54 k

Stores (U.S.)

1.49 k1.48 k1.47 k1.45 k1.44 k1.43 k1.43 k1.42 k1.40 k1.40 k1.39 k1.36 k1.35 k1.34 k1.32 k

Stores (non-U.S.)

284 282 284 283 215 215 215 216 215 213 211 212 212 214 214

Distribution Centers

26 26 27
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Best Buy Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
BBC Investment
BBY Networks
Best Buy Stores, L.P.
BBC Property Co.
BBY Services
BestBuy.com
Best Buy Connect
Best Buy Gov
Best Buy Puerto Rico Holdings
Best Buy Stores Puerto Rico
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