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.
TypePublic
Founded1966
HQRichfield, US
Websitecorporate.bestbuy.com
Employee Ratings3.8
Overall CultureB+

Latest Updates

Employees (est.) (Feb 2020)125,000
Revenue (FY, 2020)$43.6 B(+2%)
Share Price (Nov 2020)$114
Cybersecurity ratingBMore

Key People/Management at Best Buy

Corie Barry

Corie Barry

Chief Executive Officer & Director
Shari Ballard

Shari Ballard

President, U.S. Retail
Mike Mohan

Mike Mohan

President and Chief Operating Officer
Whit Alexander

Whit Alexander

Chief Strategy Officer
Lisa M. Caputo

Lisa M. Caputo

Director
Karen A. McLoughlin

Karen A. McLoughlin

Director
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Best Buy Office Locations

Best Buy has offices in Richfield, Burnaby and Ciudad de México
Richfield, US (HQ)
Hub, 7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Parkway
Ciudad de México, MX
Piso 2 Oficina 202, Av Sta Fe 440, Santa Fe, Contadero
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Best Buy Financials and Metrics

Best Buy Revenue

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Best Buy's revenue was reported to be $43.64 b in FY, 2020 which is a 1.8% increase from the previous period.
USD

Revenue (Q1, 2021)

8.6b

Gross profit (Q1, 2021)

2.0b

Gross profit margin (Q1, 2021), %

23%

Net income (Q1, 2021)

159.0m

EBIT (Q1, 2021)

229.0m

Market capitalization (12-Nov-2020)

29.5b

Closing stock price (12-Nov-2020)

114.0

Cash (2-May-2020)

3.9b

EV

29.5b
Best Buy's current market capitalization is $29.5 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

39.5b39.4b42.2b42.9b43.6b

Revenue growth, %

3%0%7%2%2%

Cost of goods sold

30.3b30.0b32.3b32.9b33.6b

Gross profit

9.2b9.4b9.9b10.0b10.0b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

8.4b8.5b8.9b8.5b8.9b9.3b9.1b9.4b9.6b9.1b9.5b9.8b8.6b

Cost of goods sold

6.3b6.5b6.7b6.5b6.8b7.0b7.0b7.2b7.3b7.0b7.3b7.4b6.6b

Gross profit

2.1b2.1b2.2b2.0b2.2b2.3b2.1b2.2b2.3b2.2b2.3b2.4b2.0b

Gross profit Margin, %

25%24%25%24%24%24%23%24%24%24%24%24%23%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.0b2.2b1.1b2.0b2.2b

Accounts Receivable

1.2b1.3b1.0b1.0b1.1b

Inventories

5.2b

Current Assets

9.9b10.5b9.8b8.9b8.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

1.8b1.9b1.3b1.7b1.4b1.1b1.8b1.9b1.2b1.6b1.3b1.2b3.9b

Accounts Receivable

1.1b926.0m1.2b1.0b965.0m971.0m860.0m915.0m921.0m833.0m966.0m1.1b749.0m

Inventories

5.2b5.2b7.6b4.0b

Current Assets

9.3b9.7b11.0b9.7b10.1b11.4b8.9b8.8b10.9b8.0b8.2b10.2b9.0b
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

897.0m1.2b1.0b1.5b1.5b

Depreciation and Amortization

657.0m654.0m683.0m770.0m812.0m

Inventories

86.0m193.0m(335.0m)(194.0m)237.0m

Accounts Payable

(536.0m)518.0m(196.0m)432.0m47.0m
USDFY, 2016

Revenue/Employee

316.2k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.1 x
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Best Buy Acquisitions / Subsidiaries

Company NameDateDeal Size
Critical Signal Technologies IncJune 03, 2019
GreatCallAugust 15, 2018$800 m
mindSHIFT TechnologiesNovember 07, 2011$167 m
Five Star ApplianceFebruary 16, 2009
Dealtree.comDecember 08, 2008
NapsterSeptember 14, 2008$121 m
SpeakeasyMarch 27, 2007$97 m
Jiangsu Five Star ApplianceMay 12, 2006
Pacific SalesJanuary 16, 2006
Geek SquadOctober 24, 2002
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Best Buy Revenue Breakdown

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Best Buy revenue breakdown by business segment: 8.1% from International and 91.9% from Domestic

Best Buy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Best Buy Online and Social Media Presence

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Best Buy Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A+

    78/100

  • Compensation

    B

    70/100

  • Diversity

    B

    70/100

Learn more on Comparably

Best Buy Blogs

Best Buy’s 2020 holiday ads reflect ‘unique times we’re living in’

They feature stop-motion animation, with a nod to children’s letters to Santa. The post Best Buy’s 2020 holiday ads reflect ‘unique times we’re living in’ appeared first on Best Buy Corporate News and Information.

Employees save the day after woman returned wrong laptop

“She didn’t care if it was broken. She just physically wanted it back.” The post Employees save the day after woman returned wrong laptop appeared first on Best Buy Corporate News and Information.

Best Buy Earns Top Retailer on Newsweek Most Responsible Companies List

We jumped to No. 22 in the ranking, up from No. 53 last year. The post Best Buy Earns Top Retailer on Newsweek Most Responsible Companies List appeared first on Best Buy Corporate News and Information.

Score These Apple Deals In Cyber Monday Flash Sale, Starting Today At Noon

These deals are available online and in stores. The post Score These Apple Deals In Cyber Monday Flash Sale, Starting Today At Noon appeared first on Best Buy Corporate News and Information.

Best Buy Reveals More Deals for Thanksgiving, Cyber Week

You can sleigh the holiday with more great tech at Black Friday prices starting on Thursday. The post Best Buy Reveals More Deals for Thanksgiving, Cyber Week appeared first on Best Buy Corporate News and Information.

Best Buy Reports Q3 FY21 Results

Enterprise Comparable Sales Increased 23% Domestic Comparable Online Sales Increased 174% GAAP Diluted EPS Increased 35% to $1.48 Non-GAAP Diluted EPS Increased 82% to $2.06 MINNEAPOLIS, November 24, 2020 —  … Read more The post Best Buy Reports Q3 FY21 Results appeared first on Best Buy Corporate …
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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, Shari Ballard and Mike Mohan.

  • How many employees does Best Buy have?

    Best Buy has 125,000 employees.

  • What is Best Buy revenue?

    Latest Best Buy annual revenue is $43.6 b.

  • What is Best Buy revenue per employee?

    Latest Best Buy revenue per employee is $349.1 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, Burnaby and Ciudad de México.

  • How many offices does Best Buy have?

    Best Buy has 3 offices.