OverviewSuggest Edit

Best Buy is a retailer of technology and entertainment products and services. The Company operates in two segments, Domestic and International. It offers software and virtual reality products, and a wide range of appliances, including tv and home theaters, cameras and camcorders, cell phones, audio products, video games, car electronics and gps, wearable technology, products for home, garage, and office, drones, as well as toys and collectibles.
TypePublic
Founded1966
HQRichfield, US
Websitebestbuy.com
Employee Ratings3.8

Locations

Best Buy is headquartered in
Richfield, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)125,000
Job Openings5,202
Revenue (FY, 2018)$42.2 B(+7%)
Share Price (Mar 2019)$68.4

Key People/Management at Best Buy

Hubert Joly

Hubert Joly

Chairman and Chief Executive Officer
Corie Barry

Corie Barry

Chief Financial Officer & Strategic Transformation Officer
Mike Mohan

Mike Mohan

Chief Merchandising Officer
Matt Furman

Matt Furman

Chief Communications and Public Affairs Officer
Keith Nelsen

Keith Nelsen

General Counsel
Allison Peterson

Allison Peterson

President, E-Commerce
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Best Buy Office Locations

Best Buy has offices in Richfield, Burnaby, Mexico and Hong Kong
Richfield, US (HQ)
Hub, 7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Parkway
Hong Kong, HK
23-25 Ng Fong Street, San Po Kong, Kowloon, Hong Kong
Mexico, MX
Avenida Santa Fe No. 440, Floor 2 Office 202 and 203 , Colonia Santa Fe Cuajimalpa, Cuajimalpa Delegation
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Best Buy Financials and Metrics

Best Buy Revenue

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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 (Q3, 2019)

9.6b

Gross profit (Q3, 2019)

2.3b

Gross profit margin (Q3, 2019), %

24.2%

Net income (Q3, 2019)

277.0m

EBIT (Q3, 2019)

322.0m

Market capitalization (13-Mar-2019)

18.4b

Closing stock price (13-Mar-2019)

68.4

Cash (3-Nov-2018)

1.2b

EV

18.5b
Best Buy's current market capitalization is $18.4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

(10%)3%0%7%

Cost of goods sold

32.7b29.2b30.3b30.0b32.3b

Gross profit

9.7b9.0b9.2b9.4b9.9b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

8.6b8.5b8.8b8.4b8.5b8.9b8.5b8.9b9.3b9.1b9.4b9.6b

Cost of goods sold

6.5b6.4b6.7b6.3b6.5b6.7b6.5b6.8b7.0b7.0b7.2b7.3b

Gross profit

2.0b2.1b2.1b2.1b2.1b2.2b2.0b2.2b2.3b2.1b2.2b2.3b

Gross profit Margin, %

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

Cash

2.7b2.4b2.0b2.2b1.1b

Accounts Receivable

1.3b1.3b1.2b1.3b1.0b

Current Assets

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

PP&E

2.6b2.3b2.3b2.3b2.4b
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

2.2b2.6b2.1b1.9b2.2b1.8b1.7b1.8b1.9b1.3b1.7b1.4b1.1b1.8b1.9b1.2b

Accounts Receivable

1.1b871.0m1.0b1.1b995.0m1.0b1.1b1.1b926.0m1.2b1.0b965.0m971.0m860.0m915.0m921.0m

Current Assets

11.2b10.1b10.6b12.1b10.4b10.2b11.7b9.3b9.7b11.0b9.7b10.1b11.4b8.9b8.8b10.9b

PP&E

2.7b2.5b2.5b2.5b2.2b2.2b2.3b2.3b2.3b2.3b2.3b2.3b2.4b2.4b2.4b2.5b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

523.0m1.2b897.0m1.2b1.0b

Depreciation and Amortization

701.0m656.0m657.0m654.0m683.0m

Inventories

597.0m(141.0m)86.0m193.0m(335.0m)

Accounts Payable

(986.0m)434.0m(536.0m)518.0m(196.0m)
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

461.0m608.0m715.0m129.0m293.0m418.0m229.0m427.0m621.0m188.0m397.0m636.0m208.0m452.0m729.0m

Depreciation and Amortization

537.0m161.0m319.0m484.0m163.0m326.0m494.0m162.0m327.0m491.0m161.0m329.0m500.0m176.0m358.0m550.0m

Inventories

121.0m(205.0m)(1.5b)261.0m168.0m(1.5b)365.0m161.0m(1.4b)223.0m(285.0m)(1.8b)243.0m187.0m(2.9b)

Accounts Payable

465.0m(144.0m)120.0m1.5b(446.0m)(335.0m)1.2b(73.0m)355.0m1.8b(382.0m)15.0m1.5b(214.0m)485.0m3.1b
USDY, 2018

EV/EBIT

57.4 x

EV/CFO

16.7 x

Revenue/Employee

76.7k
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.2 k in Q3, 2019.
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Best Buy Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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
Magnolia Hi-Fi December 18, 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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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 Hubert Joly, Corie Barry 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 $42.2 b.

  • What is Best Buy revenue per employee?

    Latest Best Buy revenue per employee is $337.2 k.

  • Who are Best Buy competitors?

    Competitors of Best Buy include Costco, Lowe's and Walmart.

  • 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, Mexico and Hong Kong.

  • How many offices does Best Buy have?

    Best Buy has 4 offices.