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Best Buy Co inc   (NYSE: BBY)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $86.9000 $2.01 2.368%
Day's High: $86.78 Week Perf: 2.18 %
Day's Low: $ 86.00 30 Day Perf: 3.22 %
Volume (M): 174 52 Wk High: $ 103.71
Volume (M$): $ 15,060 52 Wk Avg: $85.53
Open: $85.61 52 Wk Low: $69.29



 Market Capitalization (Millions $) 18,831
 Shares Outstanding (Millions) 217
 Employees 85,000
 Revenues (TTM) (Millions $) 45,072
 Net Income (TTM) (Millions $) 1,448
 Cash Flow (TTM) (Millions $) -121
 Capital Exp. (TTM) (Millions $) 711

Best Buy Co Inc
Best Buy Co. Inc. is a leading specialty retailer focused on consumer electronics, home-office products, entertainment software, appliances, and related services. The company operates a range of retail formats and e-commerce platforms under several brand names, including Best Buy, Future Shop (in Canada), Magnolia Audio Video, and Geek Squad.

Founded in Minnesota in 1966 as Sound of Music, the company rebranded to Best Buy Co. Inc. in 1983. Initially starting as an audio components retailer, Best Buy expanded into video products in the early 1980s and adopted a mass-merchandising approach that allowed for a wider product assortment and a superstore concept. In 1989, they revolutionized retailing by introducing a self-service, non-commissioned, discount-style store model, empowering customers to have more control over their purchasing decisions.

In 2000, Best Buy launched its online shopping portal and adopted a clicks-and-mortarstrategy, which integrates its online and physical retail experiences to provide customers with seamless shopping options. Future enhancements have continued to improve the online shopping experience, ensuring it covers all principal product categories.

The store format has evolved, incorporating more interactive displays and elevated customer service. Innovative store formats have also been developed, tailored to meet the specific needs of local customers while maintaining a customer-centric approach to product offerings.

Best Buy's international segment expanded significantly in 2002 with the acquisition of Future Shop Ltd. The Canadian market is served through a dual-brand strategy that supports both the Best Buy and Future Shop brands, with standardized operating procedures for inventory management, customer relations, and staff training.

Each international brand operates with dedicated leadership and regional management to manage store operations effectively. Best Buy locations typically operate 60 to 75 hours per week, employing a mix of full-time and part-time associates to serve their customer base efficiently.

Overall, Best Buy Co. Inc. continues to adapt and innovate within the retail landscape, focusing on customer experience and operational excellence across both its physical stores and online platforms.


   Company Address: 7601 Penn Avenue South Richfield 55423 MN
   Company Phone Number: 291-1000   Stock Exchange / Ticker: NYSE BBY


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
COST        2.67% 
DG        1.43% 
DLTR        1.44% 
GWW   -0.35%    
TGT   -2.95%    
WMT        0.91% 
• View Complete Report
   



Dividend

Best Buy Announces Regular Quarterly Cash Dividend

Published Tue, Sep 3 2024 6:57 AM UTC



Best Buy Announces Regular Quarterly Cash Dividend Amidst Fluctuating Payout Ratios
MINNEAPOLIS Best Buy Co., Inc. (NYSE: BBY) has recently made...

Dividend

Best Buy Gears Up for Investment Returns: Announces $0.94 Dividend as Shares Surge Nearly 30% Year-to-Date,

Published Mon, Sep 2 2024 10:17 AM UTC

Best Buy Co., Inc. Declares Regular Quarterly Cash Dividend Amidst Rising Share Performance
In a significant announcement reflecting its strong financial health, Best Buy Co., Inc. (NYSE:BBY) has authorized a regular quarterly cash dividend of $0.94 per common share. This move signifies the company?s continued commitment to returning value to its shareholders and highli...

Dividend

Best Buy Empowers Shareholders with Regular Quarterly Cash Dividend of $0.94 per Share,

Published Sun, Sep 1 2024 8:33 AM UTC

Best Buy Announces Regular Quarterly Cash Dividend of $0.94 per Share
MINNEAPOLIS - Best Buy Co., Inc. (NYSE:BBY), a leading retailer of technology products and services, announced today that its Board of Directors has authorized the payment of a regular quarterly cash dividend of $0.94 per common share. This news comes as a boost for shareholders, as it demonstrates the...

Dividend

Best Buy's Quarterly Dividend Boosts Investor Confidence as Shares Near Yearly High

Published Sat, Aug 31 2024 3:57 AM UTC


In a recent announcement that has caught the attention of investors, the Board of Directors of Best Buy Co., Inc. (NYSE: BBY) declared a regular quarterly cash dividend of $0.94 per common share. This quarterly dividend will be payable on October 10, 2024, to those shareholders on record as of the close of business on September 19, 2024. The announcement comes at a time...

Dividend

Best Buy Reinforces Investor Confidence with $0.94 Quarterly Dividend Announcement,

Published Fri, Aug 30 2024 2:57 PM UTC

Best Buy Declares Robust Quarterly Dividend Amidst Retail Landscape Shifts
In a strategic move amid shifting retail dynamics, Best Buy Co., Inc. (NYSE: BBY) has announced the authorization of a regular quarterly cash dividend of $0.94 per common share. This decision, sanctioned by the company?s Board of Directors, reinforces Best Buy?s commitment to returning value to it...







Best Buy Co Inc's Segments
Domestic Segment    92.08 % of total Revenue
Domestic Computing and Mobile Phones    43.04 % of total Revenue
Domestic Consumer Electronics    25.67 % of total Revenue
Domestic Appliances    11.19 % of total Revenue
Domestic Entertainment    5.07 % of total Revenue
Domestic Services    6.36 % of total Revenue
Domestic Other    0.74 % of total Revenue
International Segment    7.92 % of total Revenue
International Computing and Mobile Phones    4.09 % of total Revenue
International Consumer Electronics    2.05 % of total Revenue
International Appliances    0.71 % of total Revenue
International Entertainment    0.5 % of total Revenue
International Services    0.5 % of total Revenue
International Other    0.07 % of total Revenue





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