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  • Previous Rank
    258
  • Revenues ($M)
    $42,151
  • Revenue Percent Change
    7%
  • Profits ($M)
    $1,000.00
  • Profits Percent Change
    -18.6%
  • Assets ($M)
    $13,049.00
  • Employees
    125,000

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.

Company Information

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

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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%