Best Buy Co Inc - Company Profile
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Best Buy Co Inc (Best Buy) is a multi-national retailer of electronic products. The company’s product offerings include consumer electronics, computing and mobile phones, appliances, entertainment products, home office products. It also offers services such as consultation, design, set-up, technical support, warranty related services, heath related services and memberships, educational classes, delivery and installation for home theater, mobile audio and appliances. Best Buy markets its products under Best Buy, Future Shop, Geek Squad, Magnolia, Best Buy Mobile, Dynex, Platinum, Yellow Tag, Insignia, Pacific Sales, Rocketfish, Modal and My Best Buy brand names. Best Buy merchandises products at retail stores, online, mobile applications and through call centers. The company’s operations across the US, Canada, and Mexico. Best Buy is headquartered in Richfield, Minnesota, the US.
Headquarters
United States of America
Address
7601 Penn Ave S, Richfield, Minnesota, 55423
Telephone
1 612 2911000
No of Employees
90,000
Industry
Retailing
Ticker Symbol & Exchange
BBY (NYSE)
Revenue (2023)
$43.5B
-6.1%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-12.5%
(2023 vs 2022)
Market Cap*
$16.2B
Net Profit Margin (2023)
XYZ
-6.5%
(2023 vs 2022)
* As of and is in US$
Best Buy Co Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Consumer Electronics: | Consultation | Best Buy |
| TV Sets | Design | Geek Squad |
| Digital Imaging | Health-related Services | Magnolia |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | New Products/Services | In April, the company announced the availability of Best Buy Envision on the Apple Vision Pro. |
| 2024 | Contracts/Agreements | In April, the company announced a collaboration with Google Cloud, and Accenture to enhance the customer's experience with generative AI. |
| 2024 | Contracts/Agreements | In January, Best Buy Canada partnered with Bell Canada to operate 165 consumer electronics retail stores in Canada. |
Competitor Comparison
| Key Parameters | Best Buy Co Inc | Walmart Inc | Costco Wholesale Corp | Target Corp | Transform SR Brands LLC |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Richfield | Bentonville | Issaquah | Minneapolis | Hoffman Estates |
| State/Province | Minnesota | Arkansas | Washington | Minnesota | Illinois |
| No. of Employees | 90,000 | 2,100,000 | 316,000 | 440,000 | 89,000 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| J. Patrick Doyle | Chairman | Executive Board | 2020 | 59 |
| Corie S. Barry | Director; Chief Executive Officer | Executive Board | 2019 | 48 |
| Matt Bilunas | Senior Executive Vice President - Enterprise Strategy; Chief Financial Officer | Senior Management | 2019 | 50 |
| Todd G. Hartman | Chief Risk Officer; General Counsel | Senior Management | 2019 | 56 |
| Keri Grafing | Chief Compliance Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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