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  • Previous Rank258
  • Revenues ($M)$42,151
  • Revenue Percent Change7%
  • Profits ($M)$1,000.00
  • Profits Percent Change-18.6%
  • Assets ($M)$13,049.00
  • Employees125,000

The big-box electronics retailer grew revenues by 7% to a total of $42 billion last year. Yet Best Buy has not escaped the retail downturn unscathed: profits dipped by more than 18% to $1 billion in 2017. In April, former rivals Best Buy and Amazon announced a partnership to sell more TVs equipped with Amazon’s Fire TV operating system; the move will allow Best Buy to sell directly to the e-commerce giant’s massive online customer base for the first time.

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Company Information

CEO
Hubert B. Joly
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Richfield, Minn.
Websitehttp://www.bestbuy.com
Years on Global 500 List20
Employees125,000
Figures are for fiscal year ended Jan. 31, 2018.

Best Buy Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$42,1517%
Profits ($M)$1,000.00-18.6%
Assets ($M)$13,049.00-
Total Stockholder Equity ($M)$3,612.00-

Profit Ratios

Profit as % of Revenues2.4%
Profits as % of Assets7.7%
Profits as % of Stockholder Equity27.7%