Revenue segments as reported by the company.

Domestic segment

International segment

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Restructuring charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Best Buy

MegaPath is a business telecommunications company, founded in 1996, that provides a Voice, Unified Communications, Internet Access, Managed Security Services, and Cloud Computing services to carrier and service-provider businesses in the United States.

MegaPath

Pacific Sales is a wholly owned subsidiary of Best Buy. They were originally opened with one store in Torrance, California. They offer high to mid range appliances as well as an assortment of home electronics and other home improvement products. When the company was purchased by Best Buy in 2006, the decision was made to keep the brand and company intact, unlike other companies such as Magnolia who was absorbed into the Best Buy brand. Since then, the company has opened over 35 stores in California, Nevada and Arizona, and had opened stores within existing Best Buy stores in Texas and Hawaii as well as California, Nevada and Arizona to offer higher end appliances than are currently available in Best Buy.

Pacific Sales

Geek Squad is a subsidiary of American multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota. The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients. In 2002, they merged with Best Buy, retaining Stephens as the primary corporate leadership for the subsidiary. The Geek Squad provides services in-store, on-site, and over the Internet via remote access, and also provides 24-hour telephone and emergency on-site support. Geek Squad no longer works solely on computer-related devices. It now diagnoses issues in and repairs all consumer electronics, as well as appliances, continually expanding its services to keep pace with ever-changing technology.

Geek Squad

Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment is made up of all operations outside the U.S. and its territories, including Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

Earnings data Q4 2021

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Best Buy Q1 Sales Meet Expectations Amid Intense Promotional Environment

Best Buy's Q1 performance met expectations, but challenges in the promotional environment impacted profitability. The company is revamping its membership program to drive continued profit rate expansion and is optimistic about industry growth in 2024.

Best Buy surpasses Q2 expectations, eyes growth amid industry challenges

Best Buy's Q2 performance exceeded expectations, driven by strategic management of promotional plans and a strong membership program. The company is investing in employee development and technology to enhance customer experiences. While facing industry challenges and inflationary pressures, Best Buy is well-positioned to capitalize on potential growth in the consumer electronics industry and explore new service opportunities.

Best Buy reports Q3 decline but sees opportunities in innovation

Best Buy faced a decline in comparable sales but improved its gross profit rate. The company's membership program and store portfolio management are driving improved profitability. While challenges in comparable sales and gross profit rate persist, Best Buy sees opportunities in innovation, growth initiatives, and supply chain enhancements.

Best Buy reports solid Q4 performance, eyes growth opportunities

Best Buy navigated Q4 with solid sales and profitability, focusing on key shopping periods and strategic initiatives for growth.
Despite challenges in the consumer electronics industry, the company is poised to capitalize on industry growth opportunities in 2024.
Efforts to enhance membership programs, drive innovation through vendor partnerships, and optimize cost structures position Best Buy for success.
Continued monitoring of consumer behavior and adaptation to macroeconomic factors will be crucial for Best Buy's performance in 2023.

Best Buy maintains profitability amidst sales challenges, eyes industry growth

Best Buy navigated Q1 challenges with a focus on profitability, digital sales, and inventory management, positioning for comp performance improvement.
The company's strengths lie in its commitment to diversity, efficiency improvements, B2B growth, and employee engagement, while facing promotional pressures and sales challenges.
Opportunities for growth include industry stabilization, rebounding from challenges through innovation, and optimizing ROIC through strategic investments.
Overall, Best Buy's strategic focus on profitability, efficiency, and growth avenues sets a positive trajectory amidst industry dynamics and macroeconomic pressures.

Best Buy beats Q2 expectations, eyes tech upgrade cycle growth

Best Buy remains optimistic about future opportunities and growth through existing and emerging technologies.
Confidence in market position with maintained or increased share in established categories and strategic partnerships.
Customer engagement through membership tiers aims to drive increased share of wallet and repeat business in consumer electronics.

Best Buy reports Q3 operational strength amidst sales challenges

Best Buy's Q3 performance showcased operational strength amidst industry challenges. The company's membership program success and strategic promotional plans are key strengths. Challenges include softer consumer demand and inflation pressures, while opportunities lie in enhancing omnichannel capabilities and driving innovation.
Despite a Q3 sales decline, Best Buy is strategically positioned for growth with a focus on customer experience enhancements and store format optimizations. The company's competitive success is driven by differentiated services and strong vendor partnerships. Best Buy's financial outlook remains stable with a focus on profitability and operational efficiency.

Best Buy beats profit expectations, eyes growth through innovation

Best Buy's Q4 performance was strong, with profitability exceeding expectations despite a decline in comparable sales. The company's focus on customer experiences, operational efficiency, and revenue diversification sets the stage for future growth. Challenges lie in managing expenses and navigating a competitive landscape, while opportunities exist in revenue streams and seamless customer experiences.

Best Buy beats Q1 profit expectations, focuses on AI growth

Best Buy's Q1 performance exceeded expectations with a focus on profitability and strategic growth despite a decline in comparable sales.
The company's strengths lie in membership program growth, successful product launches, and AI implementation for enhanced customer experiences.
Challenges include revenue declines in certain product categories, increased promotionality impacting margins, and the need for continued innovation.
Opportunities include the debut of AI PCs, enhancing customer experiences through AI, and exploring partnerships for growth and operational efficiency.

Best Buy beats Q2 expectations, focuses on customer experience innovation

Best Buy delivered better-than-expected results in Q2, driven by strong performance in key categories and cost management. Despite challenges in certain segments, the company remains focused on enhancing customer experiences and operational efficiency. With a strategic outlook on innovation and customer engagement, Best Buy aims to navigate market challenges and drive future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

If you were to have asked me three years ago for a list of retailers that would be making cuts today, Best Buy BBY would not have been on it. Then again, if you would have asked me in 2012 for a list of retailers that would successfully reestablish themselves in the second half of that decade after nosediving in the first, Best Buy wouldn't have been on that list either.

Will Best Buy Health Birth A New Kind Of Best Buy?

Best Buy (BBY) concluded the recent trading session at $75.17, signifying a -1.47% move from its prior day's close.

Best Buy (BBY) Stock Drops Despite Market Gains: Important Facts to Note

Best Buy's stock price has risen recently, but the future outlook looks poor based on lowered sales revenue. Shrinking sales revenue, slow adaptability, and overvaluation make Best Buy a poor stock to own in 2024. However, the dividend of 4.8% still offers value. Best Buy faces vulnerabilities in online competition, e-commerce sales growth, and changing consumer habits.

Best Buy Remains Highly Vulnerable To E-Commerce

Comcast

Live Nation

Last month, the economy added 303,000 nonfarm payrolls, potentially translating to a swing higher in consumer cyclical stocks. More dollars are chasing after fewer goods.

Jobs Boom Means Big Gains: 3 Consumer Cyclical Stocks to Buy as Employment Surges

Best Buy, in a shift toward AI, laid off Geek Squad field agents, home-theater repair technicians and phone support specialists, according to current and former employees.

Best Buy lays off some Geek Squad, phone support workers amid shift to AI

Jefferies Financial Group Inc

Value and momentum are not mutually exclusive in the stock market. Dividend investors can utilize momentum to identify undervalued stocks. Here are two stocks that have momentum, value, and upcoming catalysts.

Buy Alert: 2 Top Undervalued Momentum Dividend Stocks

Best Buy (BBY) collaborates with Google Cloud and Accenture to launch gen AI-driven customer and employee support services, enhancing efficiency and personalization.

Best Buy (BBY) Unites With Google Cloud for AI-Powered Service

Home Depot

Target

Consumption spending is the key growth driver for the U.S. economy. Within consumption spending, retail sales are an important catalyst for GDP growth.

3 Large Retailers Set to Deliver Explosive Returns

Best Buy teamed with Google and Accenture on new artificial intelligence-powered offerings for customers.

Best Buy Teams With Google on AI-Powered Virtual Assistant

Best Buy selects Google Cloud as its AI innovation and strategic partner for several of its key customer care initiatives MINNEAPOLIS , April 9, 2024 /PRNewswire/ -- Cloud Next '24, LAS VEGAS -- Best Buy, Google Cloud, and Accenture today announced a new collaboration that will involve deploying generative AI (gen AI) to greatly improve the experience for Best Buy customers looking for support services. By leveraging Google Cloud's generative AI technology, Best Buy is creating new and more convenient ways for customers to get the solutions they need.

Best Buy, Google Cloud, and Accenture Partner to Create a Better Customer Support Experience with Generative AI

Best Buy laid off numerous employees in its field tech support division. Geek Squad workers told 404 Media they were let go last week in brief calls with managers.

Best Buy just laid off a bunch of Geek Squad workers

Best Buy (NYSE: BBY ) layoffs are a hot topic on Monday as the technology retailer made major cuts to its Geek Squad support jobs. Former employees of Best Buy who were part of its Geek Squad division took to Reddit over the weekend to discuss layoffs at the company.

Best Buy Layoffs 2024: What to Know About the Latest Geek Squad Job Cuts

Altman is best known as the CEO of OpenAI, but he also led Y Combinator and a number of start-ups. He recently attracted attention for his investment in Reddit, which is valued at $600 million after it surged on its IPO.

OpenAI Billionaire Sam Altman Has Invested in These 4 Tech Stocks. Which Is the Best Buy Now?

Crocs

Mueller Industries

When investment giants like Warren Buffett spot the rare opportunity to buy a value stock, they more than often pass on the chance. Because they manage such large amounts of capital, investing less than a few billion in companies isn't big enough to bring them returns.

3 Value Stocks Too Small For Buffett's Portfolio

Best Buy (BBY) boosts customer experience with digital upgrades and health tech partnerships. Its growing membership program and strategic adjustments address market challenges.

Best Buy (BBY) Gains on Efforts to Enhance Customer Experience

The shares of retailer Best Buy Co Inc (NYSE:BBY) are enjoying a lift, after an upgrade from Telsey Advisory Group to "outperform" from "market perform," with a price-target hike to $95 from $85.

Bull Note Boosts Best Buy Stock

General Motors

YUM! Brands

The Census bureau recently reported U.S. retail sales rose a strong 0.6% in February compared to January, reaching $700 billion. Food services and drinking businesses stood out, up 6.3% YOY.

3 Consumer Momentum Stocks Riding the Wave of Unstoppable Demand

Best Buy Co Inc (NYSE: BBY) is in the green at writing after a senior Loop Capital analyst issued a bullish note in its favour.

Loop Capital says invest in Best Buy to capitalise on housing market rebound

Best Buy Co., Inc. (BBY) UBS Global Consumer and Retail Conference (Transcript)

Air Products and Chemicals

Bristol-Myers

Evergy Inc

Hershey

Alliant Energy

Morgan Stanley

NextEra Energy

WEC Energy Group

Essential Utilities

Xcel Energy

The Efficient Market Hypothesis states that the stock market is efficiently priced, and therefore it is impossible to consistently generate alpha.

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Cincinnati Financial

Restaurant Brands

Schwab US Dividend Equity ETF

Sempra Energy

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Vistra Energy

Dividend King Cincinnati Financial increases dividend by 8%, extending their 64-year streak.

6 Upcoming Dividend Increases Including A Dividend King

Avangrid

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Exelon

Hasbro

Interpublic Group of Companies

Kraft Heinz

MetLife

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Regions Financial

Barron's seventh-annual (2/26/24) ranking of Sustainable companies started with 1,000 largest publicly-traded companies by market-value, then ranked each by performance for five-key-constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. As of 3/11/24 data from YCharts, the top-10 of 76 dividend-paying sustainable companies ranged 4.37%-11.78% by annual yield and ranged 15.72%-85.22% per broker-estimated target-price-upsides.

10 Buyable DiviDogs From Barron's Top 100 Sustainable List

MINNEAPOLIS--(BUSINESS WIRE)--Best Buy (NYSE: BBY) is scheduled to present at the UBS Global Consumer and Retail Conference on March 14, 2024, at 1:00 p.m. Eastern Time. A webcast of the event will be available at www.investors.bestbuy.com both live and after the event.

Best Buy to Present at the UBS Global Consumer and Retail Conference on March 14

Kohl's

Pfizer

Sabra Health Care

AT&T

TC Energy

The company offers medicines and vaccines in various therapeutic areas, including: Cardiovascular metabolic and women's health under the Premarin family and Eliquis brands Biologics, small molecules, immunotherapies, and biosimilars under the Ibrance, Xtandi, Sutent, Inlyta, Retacrit, Lorbrena, and Braftovi brands Sterile injectable and anti-infective medicines and oral COVID-19 treatment under the Sulperazon, Medrol, Zavicefta, Zithromax, Vfend, Panzyga, and Paxlovid brands.

6 Bargain Dividend Stocks To Buy

Lowe's

There are some fantastic top retail stocks to buy for March this year. Despite the real threats it faces from e-commerce and social shopping, nothing can quite replace the retail experience.

News for Best Buy Stock (BBY)