Skip to Content
  • Previous Rank244
  • Revenues ($M)$39,403
  • Revenue Percent Change-0.9%
  • Profits ($M)$1,228
  • Profits Percent Change36.9%
  • Assets ($M)$13,856
  • Employees125,000

This year, Best Buy retired “Renew Blue,” the strategy it credits with transforming its sales, enlivening the store and customer support experiences, and stiff-arming the Cassandras who have been waiting to call time of death on the big-box electronics retailer for years. Its recent fiscal year was the third in a row that the company grew its domestic comparable sales; its non-GAAP operating income grew from 3.4% in fiscal year 2013 to 4.5% in fiscal year 2017. In March, the company launched a new strategy called “Building the New Blue: Best Buy 2020,” an attempt to leverage its new stability into the next best Blue. With an emphasis on multi-channel retail and specific investments in smart home, appliances, and home security, the company also hopes to deepen its international business through e-commerce, store remodels in Canada, and new stores in Mexico.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Hubert B. Joly
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Richfield, MN
Websitehttp://www.bestbuy.com
Years on Global 500 List19
Employees125,000
Figures are for fiscal year ended Jan. 31, 2017.

Best Buy Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$39,403-0.9%
Profits ($M)$1,22836.9%
Assets ($M)$13,856-
Total Stockholder Equity ($M)$4,709-

Profit Ratios

Profit as % of Revenues3.1%
Profits as % of Assets8.9%
Profits as % of Stockholder Equity26.1%