Best Buy
- Stores1.1 KQ1, 2022
- Revenue$51.8 BFY, 2022
- Market Capitalization$17.4 B2022-05-24
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, MN, US | Map |
| Website | corporate.bestbuy.com | |
| Employee Ratings | ||
| Overall Culture | B+ | More |
Key People/Management at Best Buy
Corie Barry
Chief Executive Officer & Director
Matt Bilunas
Chief Financial Officer
Jason Bonfig
Chief Merchandising Officer
Keri Grafing
Chief Compliance Officer
Melanie Cornell
Chief Learning Officer
Frank Crowson
Chief Marketing Officer
Best Buy Office Locations
Best Buy has offices in Richfield, Burnaby, Vancouver and London
Richfield, MN, US (HQ)
7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Pkwy
Vancouver, CA
425 W 6th Ave #102
London, GB
100 New Bridge St
Best Buy Financials and Metrics
Best Buy Revenue
Best Buy's revenue was reported to be $51.76 b in FY, 2022 which is a 9.5% increase from the previous period.
| USD | |
|---|---|
Revenue (FY, 2022) | 51.8b |
Revenue growth (FY, 2021 - FY, 2022), % | 9.5% |
Gross profit (FY, 2022) | 11.6b |
Gross profit margin (FY, 2022), % | 22.5% |
Net income (FY, 2022) | 2.5b |
EBIT (FY, 2022) | 3.0b |
Market capitalization (24-May-2022) | 17.4b |
Closing stock price (24-May-2022) | 73.5 |
Cash (30-Oct-2021) | 3.5b |
Best Buy's current market capitalization is $17.4 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|
Net Income | 265.0m | 503.0m | 796.0m | 159.0m | 591.0m | 982.0m | 595.0m | 1.3b |
Depreciation and Amortization | 200.0m | 401.0m | 607.0m | 207.0m | 414.0m | 628.0m | 216.0m | 430.0m |
Inventories | 207.0m | 199.0m | (2.2b) | 1.1b | 1.0b | (2.3b) | (90.0m) | (794.0m) |
Accounts Payable | (519.0m) | (213.0m) | 2.0b | (816.0m) | 1.3b | 3.8b | (630.0m) | (58.0m) |
| USD | FY, 2019 |
|---|---|
Debt/Equity | 0.4 x |
Debt/Assets | 0.1 x |
Financial Leverage | 3.9 x |
Best Buy Operating Metrics
Best Buy's Stores was reported to be 1.1 k in Q1, 2022.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stores | 1.51 k | 1.36 k | 1.26 k | 1.25 k | 1.24 k | 1.24 k | 1.24 k | 1.24 k | 1.23 k | 1.23 k | 1.23 k | 1.22 k | 1.2 k | 1.16 k | 1.14 k |
Retail Space, sq. ft. | 44.96 m | 44.73 m | 44.63 m | 44.27 m | 44.11 m | 44.11 m | 44.1 m | 44.15 m | 43.61 m | 43.53 m | |||||
Stores (Domestic) | 1.3 k | 1.15 k | 1.04 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.03 k | 1.01 k | 1.01 k | 1 k | 1 k | 991 | 991 | 981 |
Retail Space (Domestic), sq. ft. | 40.36 m | 40.12 m | 40 m | 39.62 m | 39.5 m | 39.5 m | 39.48 m | 39.52 m | 38.93 m | 38.82 m |
Best Buy Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Two Peaks, LLC d/b/a Yardbird Furniture | November 04, 2021 | $85 m |
| Current Health Ltd. | November 02, 2021 | $400 m |
| Critical Signal Technologies | May 09, 2019 | $125 m |
| Swirl Networks | January 01, 2019 | |
| Lively | August 15, 2018 | $800 m |
| mindSHIFT Technologies | November 07, 2011 | $167 m |
| Five Star Appliance | February 16, 2009 | |
| Dealtree | December 08, 2008 | |
| Napster | September 14, 2008 | $121 m |
| Speakeasy | March 27, 2007 | $97 m |
Best Buy Revenue Breakdown
Best Buy revenue breakdown by business segment: 92.4% from Domestic and 7.6% from International
Best Buy revenue breakdown by geographic segment: 92.4% from U.S., 7.6% from Canada and 0.0% from Other
Best Buy Cybersecurity Score
Best Buy Environment, Social & Governance (ESG) Ratings
Best Buy Online and Social Media Presence
1.21m Twitter followers
Best Buy has 1.21m Twitter Followers. The number of followers has decreased 0.1% month over month and decreased 0.2% quarter over quarter
Best Buy's Trends
Twitter Engagement Stats for @BestBuy
63.2k
Tweets
83
Following
1.2m
Followers
693
Tweets last 30 days
3.1
Avg. likes per Tweet
57.3%
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
January 12, 2022
Best Buy named to 2022 JUST 100 list
Best Buy has been named to the 2022 JUST 100 list, recognizing companies for doing right by all of their stakeholders, including our employees, customers, communities, and the environment.
This is the second year in a row we’ve made this top 100 list, which evaluates and ranks nearly 1,000 of the…
January 10, 2022
Live sustainably with tech in the New Year
It’s a new year and if you have a New Year’s resolution to make a positive impact on the planet, we have the gadgets to help. Whether you’re looking to invest in energy-efficient appliances or make small changes in your home, we can help you get started on living a more sustainable lifestyle.
Not…
January 10, 2022
Boy reunited with wallet thanks to store superhero in Alaska
A few days before Christmas, retail supervisor Nevin Sandau was cleaning up his store in Anchorage, Alaska. He noticed a vintage Spider-Man wallet in the lost and found bin. Curious about finding the wallet’s owner, he opened it to see what was inside.
“There was $45 dollars in cash, a Christma…
January 04, 2022
Best Buy launches new advertising business, Best Buy Ads
For decades, Best Buy has been helping customers discover, try and buy some of the most innovative products out there. We’d go so far to say that no one knows consumer technology — and has the deep relationships with the people who buy it — like we do.
That’s why we’re excited to announce Best Bu…
December 29, 2021
In ‘Rewind: Best Gadgets of 2021,’ @MKBHD shares his top picks from Best Buy
This year has been packed full of exciting tech innovation. We’ve seen new products that help you entertain, create and accomplish those big (and little) goals every day.
To help you navigate all that was new to the tech space over the past year, we partnered with tech influencer, reviewer and vi…
December 23, 2021
Paying it forward: How one Best Buy Employee helped bring joy to her community this holiday season
Shatae Belajac has always been involved in her community. An Assistant Sales Manager out of Pittsburgh, PA, Belajac is no stranger to doing community outreach through Best Buy. She has worked with Make-A-Wish Foundation, and has also been a St. Jude ambassador for the past six years, sharing stories…
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, Matt Bilunas and Jason Bonfig.
How many employees does Best Buy have?
Best Buy has 105,000 employees.
What is Best Buy revenue?
Latest Best Buy annual revenue is $51.8 b.
What is Best Buy revenue per employee?
Latest Best Buy revenue per employee is $493 k.
Who are Best Buy competitors?
Competitors of Best Buy include Gamestop, Target and Amazon.
Where is Best Buy headquarters?
Best Buy headquarters is located at 7601 Penn Ave S, Richfield.
Where are Best Buy offices?
Best Buy has offices in Richfield, Burnaby, Vancouver and London.
How many offices does Best Buy have?
Best Buy has 4 offices.
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