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Best Buy Co Inc   (BBY)
Other Ticker:  
 
    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 
Price: $71.9000 $-0.65 -0.896%
Day's High: $72.52 Week Perf: 1.99 %
Day's Low: $ 70.87 30 Day Perf: -4.13 %
Volume (M): 192 52 Wk High: $ 86.11
Volume (M$): $ 13,817 52 Wk Avg: $74.93
Open: $71.87 52 Wk Low: $62.30



 Market Capitalization (Millions $) 15,709
 Shares Outstanding (Millions) 218
 Employees 105,000
 Revenues (TTM) (Millions $) 46,298
 Net Income (TTM) (Millions $) 1,419
 Cash Flow (TTM) (Millions $) -460
 Capital Exp. (TTM) (Millions $) 795

Best Buy Co Inc
We are a specialty retailer of consumer electronics, home-office products, entertainment software, appliances and related services. We operate retail stores and/or commercial Web sites under the brand names Best Buy (BestBuy .com and BestBuyCanada.ca), Future Shop (FutureShop .ca), Magnolia Audio Video (MagnoliaAV .com) and Geek Squad (GeekSquad .com), as well as an outlet store on eBay.

We were incorporated in the state of Minnesota in 1966 as Sound of Music,'Inc., and changed our name to Best Buy Co.,'Inc. in 1983. We began as an audio components retailer, and with the introduction of the videocassette recorder in the early 1980s, expanded into video products. In 1983, we revised our marketing strategy and began using mass-merchandising techniques, which included offering a wider variety of products and operating stores under a "superstore" concept. In 1989, we dramatically changed our method of retailing by introducing a self-service, noncommissioned, discount-style store concept designed to give the customer more control over the purchasing process.

In fiscal 2000, we established our first online shopping site, BestBuy.com. Our "clicks-and-mortar" strategy is designed to empower consumers to research and purchase products seamlessly either online or in retail stores. Our online shopping site offers products in all of our principal product categories. In fiscal 2004, we continued to make enhancements to improve the shopping experience on our Web'sites.

The Best Buy store format has evolved to include more interactive displays and, for certain products, a higher level of customer service, with the latest version designed to increase labor efficiency and to improve merchandising. In fiscal 2000, we introduced a small-market Best Buy store concept that offers merchandise in the same product categories as larger stores, with a product assortment tailored to each respective community. In fiscal 2004, as part of our customer centricity initiative, we developed and tested several new store formats and customized the product offerings within these stores to meet the needs of our customers better.

Our International segment was established in connection with our acquisition of Future Shop'Ltd. (Future Shop) in fiscal 2002. During fiscal 2003, we launched our dual-branding strategy in Canada by introducing the Best Buy brand. We continue to believe the Canadian market can support both brands.

International stores use a standardized operating system. The operating system includes procedures for inventory management, transaction processing, customer relations, store administration, staff training and performance appraisal, as well as merchandise display. Advertising, merchandise buying and pricing, and inventory policies are centrally controlled.

International store operations are organized to support two brands, each headed by a vice president. Each vice president has regional management who closely monitor store operations and meet regularly with store managers to review management and staff training programs, customer feedback and requests, store operating performance and other matters. Meetings involving store management, product managers, advertising, financial and administrative staff, as well as senior management, are held quarterly to'review operating results and to establish future'objectives.

International stores are generally open 60 to 75'hours per week, seven days a week. A typical store is staffed by a general manager, several department sales managers, a customer service manager, and 48 to 95 full-time staff associates, as well as part-time associates. The number of full-time staff associates is dependent upon store size, sales volume and store brand.



   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
     
BIG   -5.13%    
TGT        3.12% 
AMZN   -0.61%    
EBAY   -1.34%    
ETD   -2.3%    
GME        0.57% 
• View Complete Report
   



Best Buy Co Inc

Best Buy Co Inc Sees Sharp Decline in EPS Amid Weak Sales in Q4 2024

Best Buy Co., Inc., a leading electronics retailer, recently announced its financial results for the fourth quarter of 2024. The company witnessed a decline in both its top and bottom lines, with a year-on-year decrease in earnings per share (EPS) of -47.09% and a revenue decrease of -13.397%.
In the fourth quarter of 2024, revenue for Best Buy Co., Inc. dropped to $17.49 billion, compared to $20.20 billion in the same period in 2023. Similarly, EPS decreased to $2.62 from $4.94 in the fourth quarter of 2023. These figures indicate a significant decline in the company's financial performance.

Management Changes

Best Buy Co., Inc. Announces Leadership Transition and Strong Market Performance

Published Thu, Mar 7 2024 2:00 PM UTC

Best Buy Announces Leadership Transition and Strong Market Performance
Best Buy Co., Inc. made an important announcement recently, revealing the retirement of J. Patrick Doyle, the current Board Chairman. Effective June 12, 2024, Doyle will step down from his position, marking the end of his annual term. Serving on Best Buy's Board of Directors since 2014 and becoming ch...

Dividend

Best Buy Boosts Dividend and Ranks Higher Among Retail Peers, Solidifying Commitment to Shareholders

Published Fri, Mar 1 2024 1:00 PM UTC

Best Buy Announces Regular Quarterly Cash Dividend and Demonstrates Commitment to Shareholders
MINNEAPOLIS - Best Buy Co., Inc. (NYSE:BBY) is pleased to announce the authorization of a regular quarterly cash dividend of $0.94 per common share. This dividend will be payable on April 11, 2024, to shareholders of record as of March 21, 2024. With 215,444,138 shares of commo...

Dividend

Best Buy Reports Slight Decline in Fourth Quarter Revenue, Continues Focus on Shareholder Commitment

Published Thu, Feb 29 2024 12:00 PM UTC


MINNEAPOLIS - Best Buy Co., Inc. (NYSE: BBY) has announced its financial results for the 14-week fourth quarter ended February 3, 2024 (Q4 FY24), in comparison to the 13-week fourth quarter ended January 28, 2023 (Q4 FY23). While the company's revenue experienced a slight decline during this period, its commitment to shareholders remains steadfast.
In Q4 FY24, Best ...

Best Buy Co Inc

Best Buy Co Inc Demonstrates Financial Resilience with Only Slight Decrease in Q3 2024 Revenue

The stock market can be a volatile place, but there are always opportunities for investors to find success. One company that has caught the attention of many in the industry is Best Buy Co., Inc. (NYSE: BBY). Despite some recent challenges, Best Buy has shown resilience and promise in its financial performance.
In the third quarter of 2024, Best Buy reported a slight decrease in its bottom-line by -0.82% compared to the previous year. While this may seem concerning at first glance, it's important to note that the decrease was only by $0.01 per share, settling at $1.21 per share. Additionally, the net profit per share decreased by -3.2% to $1.25. These numbers demonstrate stability and a commitment to maintaining profitability.






 

Best Buy Co Inc's Segments
 
Domestic
 Segment     of total Revenue
International
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Best Buy Co Inc does not provide revenue guidance.

Earnings Outlook
Best Buy Co Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Other International
Canada

Best Buy Co Inc's Operating Statistics Decrease / Increase
       
Number of Domestic Operating Stores   Number of Domestic Operating Stores Decline   
Number of International Operating Stores   Number of International Operating Stores Decline   
Total Number of Operating Stores   Total Number of Operating Stores Decline   
Avg. Sales per Domestic Operating Store (Thousands $)   Avg. Sales per Domestic Operating Store (Thousands $) Decline   
Avg. Sales per International Operating Store (Thousands $)   Avg. Sales per International Operating Store (Thousands $) Decline   
Avg. Sales per Operating Store (Thousands $)   Avg. Sales per Operating Store (Thousands $) Decline   
Avg. Profit per Domestic Operating Store (Thousands $)   Avg. Profit per Domestic Operating Store (Thousands $) Decline   
Avg. Profit per International Operating Store (Thousands $)    Avg. Profit per International Operating Store (Thousands $) Growth   
Avg. Profit per Operating Store (Thousands $)   Avg. Profit per Operating Store (Thousands $) Decline   




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