• Specialty Retail
  • Consumer Cyclical
Best Buy Co., Inc. logo
Best Buy Co., Inc.
BBY · US · NYSE
81.2
USD
-2.53
(3.12%)
Company Overview

7601 PENN AVE SOUTH,RICHFIELD MN 55423,6122911000

CEO

Ms. Corie Sue Barry

Employess

85000

Sector

Consumer Cyclical

Industry

Specialty Retail

Website

https://investors.bestbuy.com/investor-relations/overview/default.aspx

Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.

Next Earnings Date

Nov. 19, 2024

Ex Dividends date

Jul. 11, 2024

Dividend Date

June 20, 2024

YTD Performance

5.10%

Fiscal Year End

01-29

IPO Date

1985-04-18

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 0.24% 0.27% -2.76% -6.15%
EPS 13.83% 1.47% -6.31% -9.67%
Equity -0.94% -1.58% -12.69% 9.23%
Cash -5.97% -6.08% -35.90% -22.79%
Return On Capital (ROIC) 23.07% 25.02% 27.89% 27.26%
Debt
year (millions) 2024 2023 2022 2021 2020
Short Term Debt 631 654 661 817 674
Long Term Debt 1,130 3,320 3,280 3,260 3,400
LT Finance Leases 2,220 2,800 2,710 2,700 2,800
Shares Outstanding 218 225 247 260 265
Market Cap 16,500 19,100 24,100 28,200 22,400
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
Buy 10 Sustainable Dividend Dogs Of Barron's August 100
1 month

Barron's seventh annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 8/8/24 data from YCharts, the top-10 of 77 dividend-paying sustainable companies ranged 4.34%-14.68% by annual yield and ranged 31.29%-79.66% by broker-estimated target-price upsides.

seekingalpha.com
Why Fast-paced Mover Best Buy (BBY) Is a Great Choice for Value Investors
2 months

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Best Buy (BBY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

zacks.com
5 High ROE Stocks to Bet on as Markets Seek Rate Cut Clarity
2 months

Best Buy (BBY), AES, Lockheed Martin (LMT), PulteGroup (PHM) and Banco de Chile (BCH) are some of the stocks with high ROE to profit from as the markets await the Federal Reserve's update on the monetary policy.

zacks.com
What Makes Best Buy (BBY) a New Buy Stock
2 months

Best Buy (BBY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

zacks.com
Double-Digit Triumphs: 3 Stocks Pegged to Ride the Fed's Cut
2 months

It is 100% certain that the Federal Reserve will reduce interest rates at its next meeting in September. Lowering borrowing costs has many investors wondering how interest rate cut stocks could perform.

investorplace.com
Inside Best Buy's push to get back to sales growth, cash in on AI craze
2 months

Best Buy on Tuesday rolled out its strategy to get back to sales growth, including through dedicating staff to key parts of its stores, creating more videos to pique customers' curiosity and debuting a new marketing campaign. The consumer electronics retailer is trying to cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation.

cnbc.com
3 Stocks That Could Benefit Big Time From Coming Interest Rate Cuts
2 months

Inflation is trending downward and approaching the Federal Reserve's 2% target and unemployment is heading higher. The Fed is widely expected to begin cutting interest rates at its September meeting.

investorplace.com
Best Buy (BBY) Gains on Strategic Customer-Centric Initiatives
2 months

Best Buy's (BBY) strategic investments and focus on technology and customer experience drive long-term success and market resilience.

zacks.com
Buy 9 Sustainable Dividend Dogs Of Barron's July Top 100
2 months

Barron's seventh annual (2024) ranking of sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 7/11/24 data from YCharts, the top 10 of 77 dividend-paying sustainable companies ranged 4.37%-12.73% by annual yield and ranged 26.93%-111.85% by broker-estimated target price upsides.

seekingalpha.com
Best Buy Fast Tracks Canadian Expansion With First Express Store
2 months

The strategic partnership between Best Buy Canada and Bell Canada has seen the first opening of a projected 167 small-format consumer technology retail stores across Canada-branded Best Buy Express.

forbes.com
Buy this retailer's stock as an AI play, analyst says
3 months

The artificial-intelligence boom can benefit more than just companies that make semiconductors and personal computers. D.A. Davidson's Michael Baker points to one retailer that stands to get a big AI boost in the coming months.

marketwatch.com
Will Best Buy (BBY) Tech Endeavors Help Navigate Challenges?
3 months

Best Buy (BBY) is focusing on technology and customer experience for future growth. AI collaborations and strategic investments in store formats enhance customer service and operational efficiency.

zacks.com