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Best Buy Co Inc
Previous close
$100.18
Day range
$98.86 - $102.10
Year range
$62.30 - $103.71
Market cap
21.66B USD
Avg Volume
2.84M
P/E ratio
17.31
Dividend yield
3.75%
Primary exchange
NYSE
Best Buy beats Q2 earnings estimates
Q2 earnings report for Best Buy
Financials
Income Statement
Revenue
Net income
| (USD) | Aug 2024info | Y/Y change |
|---|---|---|
Revenue | 9.29B | -3.08% |
Operating expense | 1.81B | -2.58% |
Net income | 291.00M | 6.20% |
Net profit margin | 3.13 | 9.44% |
Earnings per share | 1.34 | 9.84% |
EBITDA | 594.00M | -0.67% |
Effective tax rate | 25.77% | — |
Balance Sheet
Total assets
Total liabilities
| (USD) | Aug 2024info | Y/Y change |
|---|---|---|
Cash and short-term investments | 1.39B | 5.08% |
Total assets | 15.62B | 2.00% |
Total liabilities | 12.52B | 0.27% |
Total equity | 3.11B | — |
Shares outstanding | 216.00M | — |
Price to book | 6.97 | — |
Return on assets | 6.19% | — |
Return on capital | 13.18% | — |
Cash Flow
Net change in cash
| (USD) | Aug 2024info | Y/Y change |
|---|---|---|
Net income | 291.00M | 6.20% |
Cash from operations | 661.00M | 29.10% |
Cash from investing | -185.00M | -4.52% |
Cash from financing | -305.00M | -9.32% |
Net change in cash | 171.00M | 189.83% |
Free cash flow | 432.88M | 24.84% |
About
Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
Best Buy operates internationally in Canada, and formerly operated in China until February 2011 and in Mexico until December 2020. The company also operated in Europe until 2012. Its subsidiaries include Geek Squad, Magnolia Audio Video, and Pacific Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, T-Mobile, Boost Mobile and Ting Mobile in the United States. In Canada, carriers include Bell Mobility, Rogers Wireless, Telus Mobility, their fighter brands, and competing smaller carriers, such as SaskTel.
Hubert Joly is executive chairman of Best Buy, having been succeeded as CEO by Corie Barry in June 2019. According to Yahoo! Wikipedia
CEO
Founded
Aug 22, 1966
Headquarters
Website
Employees
85,000
