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, 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
Shari Ballard
President, U.S. Retail
Mike Mohan
President and Chief Operating Officer
Whit Alexander
Chief Strategy Officer
Lisa M. Caputo
Director
Karen A. McLoughlin
Director
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
Best Buy Financials and Metrics
Best Buy Revenue
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
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 8.4b | 8.5b | 8.9b | 8.5b | 8.9b | 9.3b | 9.1b | 9.4b | 9.6b | 9.1b | 9.5b | 9.8b | 8.6b |
Cost of goods sold | 6.3b | 6.5b | 6.7b | 6.5b | 6.8b | 7.0b | 7.0b | 7.2b | 7.3b | 7.0b | 7.3b | 7.4b | 6.6b |
Gross profit | 2.1b | 2.1b | 2.2b | 2.0b | 2.2b | 2.3b | 2.1b | 2.2b | 2.3b | 2.2b | 2.3b | 2.4b | 2.0b |
Gross profit Margin, % | 25% | 24% | 25% | 24% | 24% | 24% | 23% | 24% | 24% | 24% | 24% | 24% | 23% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.8b | 1.9b | 1.3b | 1.7b | 1.4b | 1.1b | 1.8b | 1.9b | 1.2b | 1.6b | 1.3b | 1.2b | 3.9b |
Accounts Receivable | 1.1b | 926.0m | 1.2b | 1.0b | 965.0m | 971.0m | 860.0m | 915.0m | 921.0m | 833.0m | 966.0m | 1.1b | 749.0m |
Inventories | 5.2b | 5.2b | 7.6b | 4.0b | |||||||||
Current Assets | 9.3b | 9.7b | 11.0b | 9.7b | 10.1b | 11.4b | 8.9b | 8.8b | 10.9b | 8.0b | 8.2b | 10.2b | 9.0b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 229.0m | 427.0m | 621.0m | 188.0m | 397.0m | 636.0m | 208.0m | 452.0m | 729.0m | 265.0m | 503.0m | 796.0m | 159.0m |
Depreciation and Amortization | 162.0m | 327.0m | 491.0m | 161.0m | 329.0m | 500.0m | 176.0m | 358.0m | 550.0m | 200.0m | 401.0m | 607.0m | 207.0m |
Inventories | 365.0m | 161.0m | (1.4b) | 223.0m | (285.0m) | (1.8b) | 243.0m | 187.0m | (2.9b) | 207.0m | 199.0m | (2.2b) | 1.1b |
Accounts Payable | (73.0m) | 355.0m | 1.8b | (382.0m) | 15.0m | 1.5b | (214.0m) | 485.0m | 3.1b | (519.0m) | (213.0m) | 2.0b | (816.0m) |
| USD | FY, 2016 |
|---|---|
Revenue/Employee | 316.2k |
Debt/Equity | 0.4 x |
Debt/Assets | 0.1 x |
Financial Leverage | 3.1 x |
Best Buy Operating Metrics
Best Buy's Stores was reported to be 1.2 k in Q1, 2021.
Best Buy Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Critical Signal Technologies Inc | 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 Online and Social Media Presence
981.96k Twitter followers
Best Buy has 981.96k Twitter Followers. The number of followers has increased 1.1% month over month and increased 6% quarter over quarter
Best Buy's Trends
Twitter Engagement Stats for @BestBuy
56.9k
Tweets
85
Following
982k
Followers
172
Tweets last 30 days
7.2
Avg. likes per Tweet
72.7%
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
December 04, 2020
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.
December 03, 2020
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.
December 02, 2020
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.
November 30, 2020
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.
November 25, 2020
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.
November 24, 2020
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 …
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.
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