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 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.
Contact
7601 Penn Avenue South
RichfieldMN55423
USAT: +1 612 291-1000
E: investorrelations@bestbuy.com
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Specialty Retail
Fiscal Year End
31 January 2026
Employees
85,000
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