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.
Company Growth (employees)
Type
Public
HQ
Richfield, US
Founded
1966
Size (employees)
125,000 (est)
Best Buy was founded in 1966 and is headquartered in Richfield, US

Key People at Best Buy

Hubert Joly

Hubert Joly

Chairman and Chief Executive Officer
Corie Barry

Corie Barry

Chief Financial Officer
Mary Lou Kelley

Mary Lou Kelley

President
Trish Walker

Trish Walker

President
Greg Revelle

Greg Revelle

Chief Marketing Officer
Keith Nelsen

Keith Nelsen

General Counsel
Mike Mohan

Mike Mohan

Senior Executive Vice President and Chief Merchandising Officer
Asheesh Saksena

Asheesh Saksena

Chief Strategic Growth Officer
Matt Furman

Matt Furman

Chief Communications and Public Affairs Officer
Shari Ballard

Shari Ballard

Senior Executive Vice President and President
Paula Baker

Paula Baker

Chief Human Resources Officer

Best Buy Office Locations

Best Buy has offices in Richfield, Salem, Madison, Norwalk and in 232 other locations
Richfield, US (HQ)
7601 Penn Ave S
Show all (236)

Best Buy Data and Metrics

Best Buy Financial Metrics

Best Buy's revenue was reported to be $39.4 b in FY, 2017
USD

Revenue (FY, 2017)

39.4 b

Revenue growth (FY, 2016 - FY, 2017), %

(0%)

Gross profit (FY, 2017)

9.4 b

Gross profit margin (FY, 2017), %

24%

EBIT (FY, 2017)

1.9 b

Market capitalization (21-Jul-2017)

17.1 b

Cash (29-Apr-2017)

1.7 b
Best Buy's current market capitalization is $17.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

39.8 b38.3 b39.5 b39.4 b

Revenue growth, %

(4%)3%(0%)

Cost of goods sold

29.2 b30.5 b29.2 b30.3 b30 b

Gross profit

9.3 b9 b9.2 b9.4 b

Gross profit Margin, %

23%24%23%24%

General and administrative expense

7.5 b

Operating expense total

7.5 b

EBIT

(119 m)90 m1.4 b1.9 b

EBIT margin, %

(0%)0%3%5%

Interest expense

99 m99 m99 m80 m72 m

Income tax expense

263 m269 m263 m503 m609 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

8.9 b9.4 b8.6 b8.5 b8.8 b8.4 b8.5 b8.9 b8.5 b

Cost of goods sold

6.8 b7.3 b6.5 b6.4 b6.7 b6.3 b6.5 b6.7 b6.5 b

Gross profit

2.1 b2.1 b2 b2.1 b2.1 b2.1 b2.1 b2.2 b2 b

Gross profit Margin, %

23%23%24%25%24%25%24%25%24%

General and administrative expense

1.8 b1.9 b1.8 b1.8 b1.9 b1.7 b1.8 b1.9 b1.7 b

Operating expense total

1.8 b1.9 b1.8 b1.8 b1.9 b1.7 b1.8 b1.9 b1.7 b

EBIT

238 m190 m86 m288 m230 m372 m289 m312 m300 m

EBIT margin, %

3%2%1%3%3%4%3%3%4%

Interest expense

(23 m)(22 m)(20 m)(20 m)(20 m)(20 m)(18 m)(16 m)(19 m)

Income tax expense

79 m69 m38 m108 m84 m134 m97 m112 m104 m

Net Income

229 m198 m194 m188 m
USDY, 2011Y, 2012Y, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.1 b1.4 b1.8 b2.7 b2.4 b2 b2.2 b

Current Assets

10.5 b11.7 b9.9 b10.5 b

Goodwill

425 m425 m425 m425 m

Total Assets

14 b15.3 b13.5 b13.9 b

Accounts Payable

5.1 b5 b4.5 b5 b

Total Debt

1.7 b1.6 b1.7 b1.4 b

Current Liabilities

7.4 b7.8 b6.9 b7.1 b

Additional Paid-in Capital

300 m437 m

Retained Earnings

3.2 b4.1 b4.1 b4.4 b

Total Equity

4 b5 b4.4 b4.7 b

Debt to Equity Ratio

0.4 x0.3 x0.4 x0.3 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x

Financial Leverage

3.5 x3.1 x3.1 x2.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

2.1 b1.9 b2.2 b1.8 b1.7 b1.8 b1.9 b1.3 b1.7 b

Current Assets

10.6 b12.1 b10.4 b10.2 b11.7 b9.3 b9.7 b11 b9.7 b

PP&E

2.5 b2.5 b2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.3 b

Goodwill

425 m425 m425 m425 m425 m425 m425 m425 m425 m

Total Assets

14.3 b15.8 b13.7 b13.6 b15.2 b12.9 b13.3 b14.5 b13 b

Accounts Payable

5.2 b6.6 b4.6 b4.7 b6.2 b4.4 b4.8 b6.2 b4.6 b

Current Liabilities

7.3 b8.6 b6.7 b6.8 b8.4 b6.3 b6.8 b8.2 b6.5 b

Additional Paid-in Capital

348 m377 m494 m198 m185 m

Retained Earnings

3.6 b3.7 b4 b4.1 b4.1 b4.1 b4 b4 b4.2 b

Total Equity

4.5 b4.6 b4.9 b4.6 b4.7 b4.4 b4.3 b4.3 b4.5 b

Financial Leverage

3.2 x3.4 x2.8 x2.9 x3.3 x2.9 x3.1 x3.4 x2.9 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Depreciation and Amortization

654 m

Accounts Payable

1.7 b1.7 b(536 m)518 m

Long-term Borrowings

(1.6 b)(1.6 b)(28 m)(394 m)

Dividends Paid

(224 m)(224 m)(499 m)(505 m)

Interest Paid

106 m106 m77 m76 m

Income Taxes Paid

478 m478 m550 m628 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

229 m198 m194 m188 m

Accounts Payable

5.2 b6.6 b4.6 b4.7 b6.2 b4.4 b4.8 b6.2 b4.6 b
USDY, 2017

Revenue/Employee

315.2 k

Financial Leverage

2.9 x

Best Buy Operating Metrics

Best Buy's Distribution Centers was reported to be 27 in FY, 2017. Best Buy's Stores was reported to be 1.6 k in FY, 2017
Q1, 2014Q2, 2014Q3, 2014FY, 2015Q1, 2015Q2, 2015Q3, 2015FY, 2016Q1, 2016Q2, 2016Q3, 2016FY, 2017

Stores

1.78 k1.76 k1.76 k1.73 k1.68 k1.65 k1.65 k1.63 k1.62 k1.61 k1.6 k1.58 k

Stores (U.S.)

1.49 k1.48 k1.47 k1.45 k1.44 k1.43 k1.43 k1.42 k1.4 k1.4 k1.39 k1.36 k

Stores (non-U.S.)

284282284283215215215216215213211212

Distribution Centers

262627

Best Buy Market Value History

Best Buy Revenue Breakdown

Best Buy Job Categories

Best Buy Median Salaries

Source: 28 public H-1B filings from Best Buy

Best Buy Online and Social Media Presence

Best Buy Company Life and Culture

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