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  • Previous Rank
    72
  • Revenues ($M)
    $42,879.0
  • Revenue Percent Change
    1.7%
  • Profits ($M)
    $1,464.0
  • Profits Percent Change
    46.4%
  • Assets ($M)
    $12,901.0
  • Employees
    125,000

The Minnesota electronics retailer is not just surviving, it’s thriving. In 2018, Best Buy saw its earnings jump 46% as it posted profits of $1.5 billion on revenues of $42.9 billion. The company is also holding its own against the likes of Walmart and Amazon by rapidly expanding its e-commerce offerings. Meanwhile, Best Buy has found a services niche, launching a 24/7 tech support subscription service. Now, the 53-year-old company is handing the reins to its longtime CFO, Corie Barry, who will become one of the country’s most visible female executives as she seeks to continue Best Buy’s transformation.

Company Info

Figures are for fiscal year ended Jan. 31, 2019.
CEO
Corie Barry
CEO Title
Chief Executive Officer & Director
Sector
Retailing
Industry
Specialty Retailers: Other
HQ Location
Richfield, Minn.
Websitehttp://www.bestbuy.com
Years on Fortune 500 List25
Employees125,000
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Best Buy Rank History

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Key Financials (Last Fiscal Year)

$ millions% change
Revenues ($M)$42,879.01.7%
Profits ($M)$1,464.046.4%
Assets ($M)$12,901.0-
Total Stockholder Equity ($M)$3,306.0-

Profit Ratios

Profit as % of Revenues3.4%
Profits as % of Assets11.3%
Profits as % of Stockholder Equity44.3%

Earnings Per Share (Last Fiscal Year)

Earnings Per Share ($)5.2
EPS % Change (from 2017)59.5%
EPS % Change (5 year annual rate)27.7%
EPS % Change (10 year annual rate)8.1%

Total Return

Total Return to Investors (2018)-20.5%
Total Return to Investors (5 year, annualized)9.3%
Total Return to Investors (10 year, annualized)9.5%