- Specialty Retail
- Consumer Cyclical
-
5.75
EPS
-
14.12
P/E
-
17.5B
MARKET CAP
-
4.58%
DIV YIELD
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
News
Buy 10 Sustainable Dividend Dogs Of Barron's August 100
1 monthBarron'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.comWhy Fast-paced Mover Best Buy (BBY) Is a Great Choice for Value Investors
2 monthsIf 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.com5 High ROE Stocks to Bet on as Markets Seek Rate Cut Clarity
2 monthsBest 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.comWhat Makes Best Buy (BBY) a New Buy Stock
2 monthsBest 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.comDouble-Digit Triumphs: 3 Stocks Pegged to Ride the Fed's Cut
2 monthsIt 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.comInside Best Buy's push to get back to sales growth, cash in on AI craze
2 monthsBest 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.com3 Stocks That Could Benefit Big Time From Coming Interest Rate Cuts
2 monthsInflation 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.comBest Buy (BBY) Gains on Strategic Customer-Centric Initiatives
2 monthsBest Buy's (BBY) strategic investments and focus on technology and customer experience drive long-term success and market resilience.
zacks.comBuy 9 Sustainable Dividend Dogs Of Barron's July Top 100
2 monthsBarron'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.comBest Buy Fast Tracks Canadian Expansion With First Express Store
2 monthsThe 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.comBuy this retailer's stock as an AI play, analyst says
3 monthsThe 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.comWill Best Buy (BBY) Tech Endeavors Help Navigate Challenges?
3 monthsBest 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