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COMPANY BENCHMARKING • UNITED STATES

Best Buy Co., inc. - Company Profile

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Best Buy Co., inc. - Overview

Description
Best Buy is a public company headquartered in Minnesota with an estimated 90,000 employees. In the US, the company has a notable market share in at least seven industries: Retail Trade, Consumer Electronics Stores, Electronic & Computer Repair Services, Online Computer & Tablet Sales, Online Small Electrical Appliance Sales, Online Large Kitchen Appliance Sales, Cell Phone Repair and Retail Trade. Their largest market share is in the Consumer Electronics Stores industry, where they account for an estimated 19.6% of total industry revenue.
Company Details

Registered Name: Best Buy Co., inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 7601 Penn Ave S Minneapolis MN 55423

Website: https://www.bestbuy.com/

Employees: 90000

Best Buy Co., inc. - Operating Industries and Main Competitors

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Best Buy Co., inc. - Products and Services

  • Retail Trade in the US

  • Of the 8 core revenue-generating products and services in the Retail Trade in the US industry, Best Buy Co., inc. offers:
    • Other retailers
  • Consumer Electronics Stores in the US

  • Of the 5 core revenue-generating products and services in the Consumer Electronics Stores in the US industry, Best Buy Co., inc. offers:
    • Appliances
    • Computer hardware and software
    • Other retail sales
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  • Online Computer & Tablet Sales in the US

  • Of the 3 core revenue-generating products and services in the Online Computer & Tablet Sales in the US industry, Best Buy Co., inc. offers:
    • Desktop computers
    • Laptops, ultrabooks and hybrids
    • Tablets
error_outline To view Best Buy Co., inc.'s full products and services, see purchase options.

Best Buy Co., inc. - Analyst Insights

Best Buy taps into Amazon’s advanced cloud computing service

In February 2022, Best Buy announced it had entered into a partnership with Amazon Web Services Inc. (AWS) as its cloud provider for cloud infrastructure services. At the beginning of COVID-19 (coronavirus), Best Buy used AWS’s cloud technology to deploy curbside pickup, enabling customers to safely pick up products with minimal risk. While Best Buy already uses AWS for its digital commerce business, this partnership will expand its cloud footprint, as Best Buy is expected to accelerate its cloud migration, adopting a cloud-first strategy.

New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

Lorem Ipsum text header Report Title

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Best Buy Co., inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Best Buy Co., inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Retail Trade in the US, Consumer Electronics Stores in the US, and Online Computer & Tablet Sales in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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error_outline To view Best Buy Co., inc.'s full SWOT analysis, see purchase options.

Best Buy Co., inc. - Financial Statements & Ratios

pie_chartBest Buy Co., inc. Income Statement

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Revenue46,298.051,761.047,262.043,638.042,879.042,151.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartBest Buy Co., inc. Balance Sheet

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Cash and Equivalents1,874.02,936.05,494.02,229.01,980.01,101.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartBest Buy Co., inc. Cash Flow

BALANCE DATE12/31/202312/31/202212/31/202112/31/202012/31/201912/31/2018
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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