Best Buy Co., Inc. (BBY)
- Previous Close
90.43 - Open
90.53 - Bid 90.01 x 800
- Ask 90.93 x 800
- Day's Range
90.22 - 91.56 - 52 Week Range
62.30 - 103.71 - Volume
1,474,487 - Avg. Volume
2,607,720 - Market Cap (intraday)
19.519B - Beta (5Y Monthly) 1.48
- PE Ratio (TTM)
15.70 - EPS (TTM)
5.79 - Earnings Date Nov 19, 2024 - Nov 25, 2024
- Forward Dividend & Yield 3.76 (4.14%)
- Ex-Dividend Date Sep 19, 2024
- 1y Target Est
104.24
Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone 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 products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, vacuums, and personal care; entertainment products consisting of drones, peripherals, movies, and toys, as well as 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 delivery, installation, memberships, repair, set-up, technical support, health-related, 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, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. The company was formerly known as Sound of Music, Inc. Best Buy Co., Inc. was incorporated in 1966 and is headquartered in Richfield, Minnesota.
corporate.bestbuy.com85,000
Full Time Employees
February 03
Fiscal Year Ends
Sector
Industry
Recent News: BBY
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Performance Overview: BBY
Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is
.YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: BBY
View MoreValuation Measures
Market Cap
19.52B
Enterprise Value
22.23B
Trailing P/E
15.70
Forward P/E
13.51
PEG Ratio (5yr expected)
1.51
Price/Sales (ttm)
0.46
Price/Book (mrq)
6.28
Enterprise Value/Revenue
0.52
Enterprise Value/EBITDA
8.59
Financial Highlights
Profitability and Income Statement
Profit Margin
2.96%
Return on Assets (ttm)
7.22%
Return on Equity (ttm)
42.41%
Revenue (ttm)
42.54B
Net Income Avi to Common (ttm)
1.26B
Diluted EPS (ttm)
5.79
Balance Sheet and Cash Flow
Total Cash (mrq)
1.58B
Total Debt/Equity (mrq)
131.90%
Levered Free Cash Flow (ttm)
1.41B
Research Analysis: BBY
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Research Reports: BBY
View MorePreviewing fiscal 3Q25 earnings
Best Buy Co. is a leading retailer of consumer electronics, with FY24 sales of $43.5 billion, down from $46.3 billion in FY23 and $51.8 billion in FY22. Approximately 8% of revenue is from international operations. The Minneapolis-based company ended FY24 with 965 stores in the U.S., which average about 40,000 square feet. The International segment ended FY24 with 160 stores. Total square footage is about 40.4 million, down from 50 million in FY11. In the Domestic segment, Consumer Electronics generated about 31% of FY24 revenue; Computing and Mobile, 42%; Entertainment, 10%; Services, 5%; and Appliances, 11%. The company's fiscal year ends on the Saturday closest to the end of January. FY24 was a 53-week year.
RatingPrice TargetU.S. stocks fell on Thursday on disappointing results from Tech companies.
U.S. stocks fell on Thursday on disappointing results from Tech companies. Both the S&P 500 and the Nasdaq posted their largest one-day losses since the beginning of September. The S&P 500 was down 1.9%, the Nasdaq lost 2.8% and the Dow fell 0.9%. Both crude oil and gold traded higher.
Category Innovation and Imminent Replacement Cycles Set Stage For Improving Results at Best Buy
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
RatingPrice TargetBest Buy Earnings: Profit Progress Drives Stock Price Surge; Shares Fairly Priced
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the covid-19 pandemic, have seen the US e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.
RatingPrice Target