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 Openings2,651
Revenue (FY, 2021)$47.3 B(+9%)
Share Price (Jun 2021)$114.4(+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
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Best Buy Office Locations

Best Buy has offices in Richfield and Burnaby
Richfield, MN, US (HQ)
Hub, 7601 Penn Ave S
Burnaby, CA
8800 Glenlyon Parkway
Show all (2)

Best Buy Financials and Metrics

Best Buy Revenue

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Best Buy's revenue was reported to be $47.26 b in FY, 2021
USD

Revenue (FY, 2021)

47.3b

Gross profit (FY, 2021)

10.6b

Gross profit margin (FY, 2021), %

22.4%

Net income (FY, 2021)

1.8b

EBIT (FY, 2021)

2.4b

Market capitalization (11-Jun-2021)

28.6b

Closing stock price (11-Jun-2021)

114.4

Cash (30-Jan-2021)

5.5b

EV

27.2b
Best Buy's current market capitalization is $28.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

42.2b42.9b43.6b47.3b

Revenue growth, %

7%2%2%

Cost of goods sold

32.3b32.9b33.6b36.7b

Gross profit

9.9b10.0b10.0b10.6b
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, 2020FY, 2021

Cash

1.1b2.0b2.2b5.5b

Accounts Receivable

1.0b1.0b1.1b1.1b

Inventories

5.2b5.4b5.2b5.6b

Current Assets

9.8b8.9b8.9b12.5b
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, 2020FY, 2021

Net Income

1.0b1.5b1.5b1.8b

Depreciation and Amortization

683.0m770.0m812.0m839.0m

Inventories

(335.0m)(194.0m)237.0m(435.0m)

Accounts Payable

(196.0m)432.0m47.0m1.7b
Quarterly
USDFY, 2018

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.6 x
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Best Buy Operating Metrics

Best Buy's Stores was reported to be 1.2 k in Q3, 2021.
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Best Buy Acquisitions / Subsidiaries

Company NameDateDeal Size
Critical Signal TechnologiesJune 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: 8.1% from International and 91.9% from Domestic

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

5 Mother’s Day Gifts Your Mom Will Actually Love

Moms are so great there’s a whole day to celebrate them. But what do you give someone who literally gave you the gift of life? The post 5 Mother’s Day Gifts Your Mom Will Actually Love appeared first on Best Buy Corporate News and Information.

Best Buy extends support for COVID-19 relief in India

Our hearts and thoughts are with everyone in the country, including many of our colleagues, friends and partners. The post Best Buy extends support for COVID-19 relief in India appeared first on Best Buy Corporate News and Information.

Best Buy stands with AAPI employees, communities

We must acknowledge the struggle and pain taking place within that community right now. The post Best Buy stands with AAPI employees, communities appeared first on Best Buy Corporate News and Information.

Living my values: Best Buy leaders celebrate their Asian American heritage

For AAPI Heritage Month, we’re proud to highlight four leaders from across Best Buy. The post Living my values: Best Buy leaders celebrate their Asian American heritage appeared first on Best Buy Corporate News and Information.

Creativity, Connection Fuel This Best Buy Employee’s Passion

Best Buy creative director seeks to honor his family's Asian heritage and contribute to the local community. The post Creativity, Connection Fuel This Best Buy Employee’s Passion appeared first on Best Buy Corporate News and Information.

She’s proud to carry on her family’s trailblazing legacy

Jen Teves, a research director at Best Buy, still uses the skills her grandmother taught her. The post She’s proud to carry on her family’s trailblazing legacy appeared first on Best Buy Corporate News and Information.
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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, 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 $47.3 b.

  • What is Best Buy revenue per employee?

    Latest Best Buy revenue per employee is $378.1 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 and Burnaby.

  • How many offices does Best Buy have?

    Best Buy has 2 offices.