Best Buy

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, MN, US
Websitecorporate.bestbuy.com
Employee Ratings3.7
Overall CultureB+

Latest Updates

Employees (est.) (Jan 2022)105,000(+3%)
Job Openings1,666
Revenue (FY, 2022)$51.8 B(+10%)
Share Price (May 2022)$73.5(+2%)
Cybersecurity ratingBMore
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Key People/Management at Best Buy

Corie Barry

Corie Barry

Chief Executive Officer & Director
Matt Bilunas

Matt Bilunas

Chief Financial Officer
Jason Bonfig

Jason Bonfig

Chief Merchandising Officer
Keri Grafing

Keri Grafing

Chief Compliance Officer
Melanie Cornell

Melanie Cornell

Chief Learning Officer
Frank Crowson

Frank Crowson

Chief Marketing Officer
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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
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Best Buy Financials and Metrics

Best Buy Revenue

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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
USDFY, 2020FY, 2021FY, 2022

Revenue

43.6b47.3b51.8b

Revenue growth, %

2%8%10%

Cost of goods sold

33.6b36.7b40.1b

Gross profit

10.0b10.6b11.6b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

9.1b9.5b9.8b8.6b9.9b11.9b11.6b11.8b11.9b

Cost of goods sold

7.0b7.3b7.4b6.6b7.6b9.1b8.9b9.0b9.1b

Gross profit

2.2b2.3b2.4b2.0b2.3b2.8b2.7b2.8b2.8b

Gross profit Margin, %

24%24%24%23%23%24%23%24%24%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

2.0b2.2b5.5b

Accounts Receivable

1.0b1.1b1.1b

Inventories

5.4b5.2b5.6b

Current Assets

8.9b8.9b12.5b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q2, 2021Q3, 2021

Cash

1.6b1.3b1.2b3.9b5.3b5.1b4.3b3.5b

Accounts Receivable

833.0m966.0m1.1b749.0m906.0m1.0b883.0m1.0b

Inventories

5.2b5.2b7.6b4.0b4.1b7.5b6.4b8.6b

Current Assets

8.0b8.2b10.2b9.0b10.7b14.6b12.0b13.5b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

1.5b1.5b1.8b

Depreciation and Amortization

770.0m812.0m839.0m

Inventories

(194.0m)237.0m(435.0m)

Accounts Payable

432.0m47.0m1.7b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2021

Net Income

265.0m503.0m796.0m159.0m591.0m982.0m595.0m1.3b

Depreciation and Amortization

200.0m401.0m607.0m207.0m414.0m628.0m216.0m430.0m

Inventories

207.0m199.0m(2.2b)1.1b1.0b(2.3b)(90.0m)(794.0m)

Accounts Payable

(519.0m)(213.0m)2.0b(816.0m)1.3b3.8b(630.0m)(58.0m)
USDFY, 2019

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.9 x
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.1 k in Q1, 2022.

Best Buy Acquisitions / Subsidiaries

Company NameDateDeal Size
Two Peaks, LLC d/b/a Yardbird FurnitureNovember 04, 2021$85 m
Current Health Ltd.November 02, 2021$400 m
Critical Signal TechnologiesMay 09, 2019$125 m
Swirl NetworksJanuary 01, 2019
LivelyAugust 15, 2018$800 m
mindSHIFT TechnologiesNovember 07, 2011$167 m
Five Star ApplianceFebruary 16, 2009
DealtreeDecember 08, 2008
NapsterSeptember 14, 2008$121 m
SpeakeasyMarch 27, 2007$97 m
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Best Buy Revenue Breakdown

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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

Human Capital Metrics

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Best Buy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Best Buy Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub 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

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Best Buy Blogs

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…

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…

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…

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…

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…

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…
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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, 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.