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Best Buy

Kamil Krzaczynski—Getty Images
  • Previous Rank261
  • Country
    U.S.
  • Revenues ($M)$42,879.00
  • Revenue Percent Change1.7%
  • Profits ($M)$1,464.00
  • Profits Percent Change46.4%
  • Assets ($M)$12,901.00
  • Employees125,000

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 has handed off the reins to its longtime CFO, Corie Barry, who has become one of the country’s most visible female executives as she seeks to continue Best Buy’s transformation.

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Company Information

CEO
Corie Barry
Sector
Retailing
Industry
Specialty Retailers
HQ Location
Richfield, Minn.
Websitehttps://www.bestbuy.com
Years on Global 500 List21
Employees125,000
Figures are for fiscal year ended Jan. 31, 2019.

Best Buy Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$42,879.001.7%
Profits ($M)$1,464.0046.4%
Assets ($M)$12,901.00-
Total Stockholder Equity ($M)$3,306.00-

Profit Ratios

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