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, USMap
Websitebestbuy.com
Employee Ratings3.8More
Culture scoreB+More
View Jobs (26)

Locations

Best Buy is headquartered in
Richfield, United States

Location Map
All Locations (3)

Latest Updates

Employees (est.) (Feb 2020)125,000
Job Openings26
Revenue (FY, 2020)$43.6 B(+2%)
Share Price (May 2020)$78.1 (+3%)

Key People/Management at Best Buy

Hubert Joly

Hubert Joly

Executive Chairman
Corie Barry

Corie Barry

Chief Executive Officer
Whit Alexander

Whit Alexander

Chief Transformation, Innovation and Membership Officer
Mike Mohan

Mike Mohan

President and Chief Operating Officer
Shari Ballard

Shari Ballard

President, U.S. Retail
Rob Bass

Rob Bass

Chief Supply Chain Officer
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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
Show all (3)

Best Buy Financials and Metrics

Best Buy Revenue

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Best Buy's revenue was reported to be $43.64 b in FY, 2020
USD

Revenue (FY, 2020)

43.6b

Gross profit (FY, 2020)

10.0b

Gross profit margin (FY, 2020), %

23%

Net income (FY, 2020)

1.5b

EBIT (FY, 2020)

2.0b

Market capitalization (29-May-2020)

20.2b

Closing stock price (29-May-2020)

78.1

Cash (1-Feb-2020)

2.2b

EV

22.0b
Best Buy's current market capitalization is $20.2 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

39.5b39.4b42.2b42.9b43.6b

Revenue growth, %

3%0%7%2%

Cost of goods sold

30.3b30.0b32.3b32.9b33.6b

Gross profit

9.2b9.4b9.9b10.0b10.0b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

8.4b8.5b8.9b8.5b8.9b9.3b9.1b9.4b9.6b9.1b9.5b9.8b

Cost of goods sold

6.3b6.5b6.7b6.5b6.8b7.0b7.0b7.2b7.3b7.0b7.3b7.4b

Gross profit

2.1b2.1b2.2b2.0b2.2b2.3b2.1b2.2b2.3b2.2b2.3b2.4b

Gross profit Margin, %

25%24%25%24%24%24%23%24%24%24%24%24%
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

2.0b2.2b1.1b2.0b2.2b

Accounts Receivable

1.2b1.3b1.0b1.0b1.1b

Inventories

5.2b

Current Assets

9.9b10.5b9.8b8.9b8.9b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

1.8b1.9b1.3b1.7b1.4b1.1b1.8b1.9b1.2b1.6b1.3b1.2b

Accounts Receivable

1.1b926.0m1.2b1.0b965.0m971.0m860.0m915.0m921.0m833.0m966.0m1.1b

Inventories

5.2b5.2b7.6b

Current Assets

9.3b9.7b11.0b9.7b10.1b11.4b8.9b8.8b10.9b8.0b8.2b10.2b
show all
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

897.0m1.2b1.0b1.5b1.5b

Depreciation and Amortization

657.0m654.0m683.0m770.0m812.0m

Inventories

86.0m193.0m(335.0m)(194.0m)237.0m

Accounts Payable

(536.0m)518.0m(196.0m)432.0m47.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

229.0m427.0m621.0m188.0m397.0m636.0m208.0m452.0m729.0m265.0m503.0m796.0m

Depreciation and Amortization

162.0m327.0m491.0m161.0m329.0m500.0m176.0m358.0m550.0m200.0m401.0m607.0m

Inventories

365.0m161.0m(1.4b)223.0m(285.0m)(1.8b)243.0m187.0m(2.9b)207.0m199.0m(2.2b)

Accounts Payable

(73.0m)355.0m1.8b(382.0m)15.0m1.5b(214.0m)485.0m3.1b(519.0m)(213.0m)2.0b
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USDY, 2020

EV/EBIT

11 x

EV/CFO

8.6 x

Revenue/Employee

349.1k

Financial Leverage

4.5 x
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.2 k in Q3, 2020.
Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Stores

1.78 k1.76 k1.76 k1.73 k1.73 k1.66 k1.65 k1.65 k1.63 k1.63 k1.62 k1.61 k1.60 k1.58 k1.58 k1.57 k1.56 k1.54 k1.51 k1.51 k1.36 k1.26 k1.25 k1.24 k1.24 k1.24 k1.24 k1.23 k

Retail Space, sq. ft.

48.59 m48.41 m48.39 m48.19 m48.19 m46.22 m46.15 m46.14 m45.76 m45.76 m45.67 m45.62 m45.36 m45.34 m45.34 m45.48 m45.51 m44.99 m44.96 m44.96 m44.73 m44.63 m44.27 m44.11 m44.11 m44.10 m44.15 m43.61 m

Stores (Domestic)

1.49 k1.48 k1.47 k1.45 k1.45 k1.44 k1.43 k1.43 k1.42 k1.42 k1.40 k1.40 k1.39 k1.36 k1.36 k1.36 k1.35 k1.33 k1.30 k1.30 k1.15 k1.04 k1.03 k1.03 k1.03 k1.03 k1.03 k1.01 k

Retail Space (Domestic), sq. ft.

41.95 m41.87 m41.83 m41.72 m47.72 m41.69 m41.62 m41.62 m41.22 m41.22 m41.16 m41.12 m40.86 m40.83 m40.83 m40.97 m40.96 m40.42 m40.36 m40.36 m40.12 m40 m39.62 m39.50 m39.50 m39.48 m39.52 m38.93 m
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Best Buy Acquisitions / Subsidiaries

Company NameDateDeal Size
Critical Signal Technologies IncJune 03, 2019
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
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Best Buy Revenue Breakdown

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Best Buy revenue breakdown by business segment: 91.7% from Domestic and 8.3% from International

Best Buy Online and Social Media Presence

Best Buy's Trends

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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 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 Whit Alexander.

  • 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 Sears, Alibaba and Amazon.

  • 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.