Best Buy Co Inc

Company Profile

• Business description

  With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., 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 U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.

• Contact

  7601 Penn Avenue South
  Richfield MN 55423
  USA

  T: +1 612 291-1000

  E: investorrelations@bestbuy.com

  https://www.investors.bestbuy.com

• Sector

  Consumer Cyclical

  Stock type

  Cyclical

• Industry

  Specialty Retail

  Fiscal Year End

  31 January 2025

  Employees

  85,000