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 Ratings3.8
Overall CultureB+

Latest Updates

Employees (est.) (Feb 2020)125,000
Job Openings28
Revenue (FY, 2020)$43.6 B(+2%)
Share Price (Mar 2021)$101.7 (+2%)
Cybersecurity ratingBMore

Key People/Management at Best Buy

Corie Barry

Corie Barry

Chief Executive Officer & Director
Mike Mohan

Mike Mohan

President and Chief Operating Officer
Whit Alexander

Whit Alexander

Chief Strategy Officer
Rob Bass

Rob Bass

Chief Supply Chain Officer
Matt Bilunas

Matt Bilunas

Chief Financial Officer
Jason Bonfig

Jason Bonfig

Chief Merchandising Officer
Show more

Best Buy Office Locations

Best Buy has offices in Richfield, Burnaby and Ciudad de México
Richfield, MN, US (HQ)
Hub, 7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Parkway
Ciudad de México, MX
Vasco de Quiroga 3800, Santa Fe, Contadero, Cuajimalpa de Morelos
Show all (3)

Best Buy Financials and Metrics

Best Buy Revenue

Embed Graph
View revenue for all periods
Best Buy's revenue was reported to be $43.64 b in FY, 2020 which is a 1.8% increase from the previous period.
USD

Revenue (Q3, 2021)

11.9b

Gross profit (Q3, 2021)

2.8b

Gross profit margin (Q3, 2021), %

23.6%

Net income (Q3, 2021)

391.0m

EBIT (Q3, 2021)

561.0m

Market capitalization (1-Mar-2021)

26.3b

Closing stock price (1-Mar-2021)

101.7

Cash (31-Oct-2020)

5.1b

EV

25.9b
Best Buy's current market capitalization is $26.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

42.2b42.9b43.6b

Revenue growth, %

7%2%2%

Cost of goods sold

32.3b32.9b33.6b

Gross profit

9.9b10.0b10.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

9.1b9.4b9.6b9.1b9.5b9.8b8.6b9.9b11.9b

Cost of goods sold

7.0b7.2b7.3b7.0b7.3b7.4b6.6b7.6b9.1b

Gross profit

2.1b2.2b2.3b2.2b2.3b2.4b2.0b2.3b2.8b

Gross profit Margin, %

23%24%24%24%24%24%23%23%24%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

1.1b2.0b2.2b

Accounts Receivable

1.0b1.0b1.1b

Inventories

5.2b5.4b5.2b

Current Assets

9.8b8.9b8.9b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

1.8b1.9b1.2b1.6b1.3b1.2b3.9b5.3b5.1b

Accounts Receivable

860.0m915.0m921.0m833.0m966.0m1.1b749.0m906.0m1.0b

Inventories

5.0b5.0b8.2b5.2b5.2b7.6b4.0b4.1b7.5b

Current Assets

8.9b8.8b10.9b8.0b8.2b10.2b9.0b10.7b14.6b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

1.0b1.5b1.5b

Depreciation and Amortization

683.0m770.0m812.0m

Inventories

(335.0m)(194.0m)237.0m

Accounts Payable

(196.0m)432.0m47.0m
Quarterly
USDFY, 2018

EV/CFO

9.8 x

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.6 x
Show all financial metrics

Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.2 k in Q3, 2021.
Show all operating metrics

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
Show more

Best Buy Revenue Breakdown

Embed Graph

Best Buy revenue breakdown by business segment: 8.1% from International and 91.9% from Domestic

Best Buy Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Best Buy Online and Social Media Presence

Embed Graph

Best Buy Company Culture

  • Overall Culture

    B+

    72/100

  • CEO Rating

    A+

    78/100

  • Compensation

    B

    70/100

  • Diversity

    B

    70/100

Learn more on Comparably

Best Buy Blogs

Best Buy Health offers Lively Health & Safety Services on Apple Watch for first time

Best Buy Health is helping to make it easier for older adults to stay safe, healthy and connected by offering a full array of health and safety services available on Apple Watch. The post Best Buy Health offers Lively Health & Safety Services on Apple Watch for first time appeared first on Best …

Best Buy appoints Steven E. Rendle to board of directors

He is the chairman, president and CEO of VF Corp., one of the world’s largest apparel, footwear and accessories companies. The post Best Buy appoints Steven E. Rendle to board of directors appeared first on Best Buy Corporate News and Information.

Young women pursue dreams with help from Teen Tech Centers

Many teens have big dreams, and Best Buy Teen Tech Centers are helping make them a reality. The post Young women pursue dreams with help from Teen Tech Centers appeared first on Best Buy Corporate News and Information.

Creating a space for young women to explore STEM

Giving youth — especially girls — access to tech education opportunities is important to Best Buy. We’re committed to closing the gender gap and helping train girls for the careers of the future. The post Creating a space for young women to explore STEM appeared first on Best Buy Corporate News and …

Women are helping lead Best Buy’s tech transformation

Women are helping us shift to a digital-first focus, invest in new platforms and accelerate development of new products and services that enrich lives through technology. The post Women are helping lead Best Buy’s tech transformation appeared first on Best Buy Corporate News and Information.

Best Buy Reports Q4 FY21 Results

Enterprise Comparable Sales Increased 12.6% Domestic Comparable Online Sales Increased 89.3% GAAP Diluted EPS Increased 9% to $3.10 Non-GAAP Diluted EPS Increased 20% to $3.48 Quarterly Dividend Increased 27% to  … Read more The post Best Buy Reports Q4 FY21 Results appeared first on Best Buy Corpo…
Show more

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, Mike Mohan 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 BJ's Wholesale Club, The Home Depot and Office Depot.

  • 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.