Best Buy was able to post record-high revenues and earnings in 2021, though the road ahead for the consumer electronics retailer isn’t necessarily smooth. Fourth-quarter 2021 sales declined year over year in the U.S. as supply-chain issues and the continuing decline in popularity of in-person shopping dogged the company. More than 20 brick-and-mortar Best Buy stores closed last year, and more are expected to shut down in 2022. Still, Best Buy has had success in expanding its e-commerce and online shopping offerings; nearly 40% of the company’s domestic revenue now comes from e-commerce. 

Company Information

As of 2/1/2023
Country
U.S.
Headquarters
Richfield, Minn.
Industry
Specialty Retailers
CEO
Corie S. Barry
Company Type
Public
Ticker
BBY
Revenues ($M)
$47,928
Profits ($M)
$1,550
Market Value ($M)
$18,292
Employees
81,375
Figures are for the latest twelve months ended Oct. 31, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Key Financials (Last Fiscal Year)

$ millions
% change
Revenues ($M)
$51,761
9.5%
Profits ($M)
$2,454
36.5%
Assets ($M)
$17,504
-
Total Stockholder Equity ($M)
$3,020
-

Profit Ratios

Profit as % of Revenues
4.7%
Profits as % of Assets
14%
Profits as % of Stockholder Equity
81.3%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)
984
EPS % Change (from 2020)
43.9%
EPS % Change (5 year annual rate)
20.9%
EPS % Change (10 year annual rate)
-

Total Return

Total Return to Investors (2021)
4.3%
Total Return to Investors (5 year, annualized)
21.9%
Total Return to Investors (10 year, annualized)
19.3%

Best Buy Rank History

Historical Data

YearRevenues ($M)Profits ($M)Assets ($M)Total Stockholder Equity ($M)
2021$47,2628.3%$1,79816.7%$19,067$4,587
2020$43,6381.8%$1,5415.3%$15,591$3,479
2019$42,8791.7%$1,46446.4%$12,901$3,306
2018$42,1517%$1,000-18.6%$13,049$3,612
2017$39,403-0.9%$1,22836.9%$13,856$4,709
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