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 and Chief Executive Officer
Shari Ballard

Shari Ballard

Senior Executive Vice President and President of Multichannel Retail
Corie Barry

Corie Barry

CFO
Matt Furman

Matt Furman

Chief Communications and Public Affairs Officer
Mike Mohan

Mike Mohan

Senior Executive Vice President and Chief Merchandising and Marketing Officer
Keith Nelsen

Keith Nelsen

General Counsel
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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
Show all (250)
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Best Buy Financials and Metrics

Best Buy Financials

Best Buy's revenue was reported to be $42.15 b in FY, 2018 which is a 7% increase from the previous period.
USD

Revenue (Q1, 2019)

9.1 b

Gross profit (Q1, 2019)

2.1 b

Gross profit margin (Q1, 2019), %

23.3%

Net income (Q1, 2019)

208 m

EBIT (Q1, 2019)

265 m

Market capitalization (15-Jun-2018)

20.9 b

Closing share price (15-Jun-2018)

74.8

Cash (5-May-2018)

1.8 b

EV

20.4 b
Best Buy's current market capitalization is $20.9 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

42.4 b38.3 b39.5 b39.4 b42.2 b

Revenue growth, %

(10%)3%0%7%

Cost of goods sold

32.7 b29.2 b30.3 b30 b32.3 b

Gross profit

9.7 b9 b9.2 b9.4 b9.9 b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

8.6 b8.5 b8.8 b8.4 b8.5 b8.9 b8.5 b8.9 b9.3 b9.1 b

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

24%25%24%25%24%25%24%24%24%23%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.7 b2.4 b2 b2.2 b1.1 b

Accounts Receivable

1.3 b1.3 b1.2 b1.3 b1 b

Current Assets

10.5 b11.7 b9.9 b10.5 b9.8 b

PP&E

2.6 b2.3 b2.3 b2.3 b2.4 b
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

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 b1.8 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 b8.9 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 b2.4 b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

523 m1.2 b897 m1.2 b1 b

Depreciation and Amortization

701 m656 m657 m654 m683 m

Inventories

597 m(141 m)86 m193 m(335 m)

Accounts Payable

(986 m)434 m(536 m)518 m(196 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

461 m608 m715 m129 m293 m418 m229 m427 m621 m188 m397 m636 m208 m

Depreciation and Amortization

161 m319 m484 m163 m326 m494 m162 m327 m491 m161 m329 m500 m176 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(214 m)
USDY, 2018

EV/EBIT

77 x

Financial Leverage

3.5 x
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.5 k in FY, 2018.
Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 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 k1.51 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 k1.29 k

Stores (non-U.S.)

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

Distribution Centers

26 26 27 23
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Best Buy Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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
Magnolia Hi-Fi December 18, 2000
Musicland Stores Corporation December 08, 2000
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Best Buy Revenue Breakdown

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Best Buy revenue breakdown by business segment: 8.3% from International and 91.7% from Domestic

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Best Buy Online and Social Media Presence

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