Best Buy

Retail Technology consumer electronics consumer goods ecommerce electronics hardware

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.

Revenue(FY, 2017)

$39.4 B

Market capitalization(2018-04-20)

$22.2 B

Stores(Q3, 2018)

1.5 K

Type

Public

Richfield, US

Founded

1966

Size (employees)

125,000 (est)

Website

bestbuy.com

Best Buy was founded in 1966 and is headquartered in Richfield, US

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Key People/Management at Best Buy

Hubert Joly

Chairman & CEO

Corie Barry

Chief Financial Officer

Keith Nelsen

General Counsel

Shari Ballard

Senior Executive Vice President and President of Multichannel Retail

Asheesh Saksena

Chief Strategic Growth Officer

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.

Summary

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.

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	42.4 b	38.3 b	39.5 b	39.4 b
Revenue growth, %		(10%)	3%	0%
Cost of goods sold	32.7 b	29.2 b	30.3 b	30 b
Gross profit	9.7 b	9 b	9.2 b	9.4 b

Quarterly

USD	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Revenue	8.6 b	8.5 b	8.8 b	8.4 b	8.5 b	8.9 b	8.5 b	8.9 b	9.3 b
Cost of goods sold	6.5 b	6.4 b	6.7 b	6.3 b	6.5 b	6.7 b	6.5 b	6.8 b	7 b
Gross profit	2 b	2.1 b	2.1 b	2.1 b	2.1 b	2.2 b	2 b	2.2 b	2.3 b
Gross profit Margin, %	24%	25%	24%	25%	24%	25%	24%	24%	24%

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Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	2.7 b	2.4 b	2 b	2.2 b
Accounts Receivable	1.3 b	1.3 b	1.2 b	1.3 b
Current Assets	10.5 b	11.7 b	9.9 b	10.5 b
PP&E	2.6 b	2.3 b	2.3 b	2.3 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Cash	2.6 b	2.1 b	1.9 b	2.2 b	1.8 b	1.7 b	1.8 b	1.9 b	1.3 b	1.7 b	1.4 b	1.1 b
Accounts Receivable	871 m	1 b	1.1 b	995 m	1 b	1.1 b	1.1 b	926 m	1.2 b	1 b	965 m	971 m
Current Assets	10.1 b	10.6 b	12.1 b	10.4 b	10.2 b	11.7 b	9.3 b	9.7 b	11 b	9.7 b	10.1 b	11.4 b
PP&E	2.5 b	2.5 b	2.5 b	2.2 b	2.2 b	2.3 b	2.3 b	2.3 b	2.3 b	2.3 b	2.3 b	2.4 b

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	523 m	1.2 b	897 m	1.2 b
Depreciation and Amortization	701 m	656 m	657 m	654 m
Inventories	597 m	(141 m)	86 m	193 m
Accounts Payable	(986 m)	434 m	(536 m)	518 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Net Income	461 m	608 m	715 m	129 m	293 m	418 m	229 m	427 m	621 m	188 m	397 m	636 m
Depreciation and Amortization	161 m	319 m	484 m	163 m	326 m	494 m	162 m	327 m	491 m	161 m	329 m	500 m
Inventories	121 m	(205 m)	(1.5 b)	261 m	168 m	(1.5 b)	365 m	161 m	(1.4 b)	223 m	(285 m)	(1.8 b)
Accounts Payable	(144 m)	120 m	1.5 b	(446 m)	(335 m)	1.2 b	(73 m)	355 m	1.8 b	(382 m)	15 m	1.5 b

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Ratios

USD	Y, 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, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017	Q3, 2017	FY, 2017	Q1, 2018	Q2, 2018	Q3, 2018
Stores	1.78 k	1.76 k	1.76 k	1.73 k	1.68 k	1.65 k	1.65 k	1.63 k	1.62 k	1.61 k	1.60 k	1.58 k	1.56 k	1.56 k	1.54 k
Stores (U.S.)	1.49 k	1.48 k	1.47 k	1.45 k	1.44 k	1.43 k	1.43 k	1.42 k	1.40 k	1.40 k	1.39 k	1.36 k	1.35 k	1.34 k	1.32 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 Company	Date	Deal 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