Best Buy Co., Inc.
- Open
- 87.56
- Day high
- 88.24
- Day low
- 86.94
- Prev close
- 87.00
- Volume
- 358K
- Mkt cap
- $18.3B
- P/E (TTM)
- 14.5
- EPS (TTM)
- $6.07
- P/B
- 5.8
- P/S
- 0.4
- Yield
- 4.39%
- Per share
- $3.82
- ▼Insiders net selling -$113.1M over the last 3 months (0 open-market buys, 11 sales)
- 🏛Institutions mixed (13F)
Best Buy Co., Inc. (BBY) is a Consumer Cyclical company listed on NYSE. The stock is up 16% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 11 sales (SEC Form 4). Drillr has 1 published research article covering BBY.
Best Buy Co., Inc. (BBY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 12 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BBY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 27, 2026 | $1.39 | $1.47 | +5.8% | $9.8B | +2.0% |
| May 28, 2026 | $1.23 | $1.28 | +4.1% | $8.9B | +1.3% |
| Mar 3, 2026 | $2.48 | $2.61 | +5.2% | $13.8B | +52.3% |
| Nov 25, 2025 | $1.31 | $1.40 | +7.0% | $9.7B | +1.2% |
| Aug 28, 2025 | $1.21 | $1.28 | +5.6% | $9.4B | +2.4% |
| May 29, 2025 | $1.10 | $1.15 | +4.4% | $8.8B | -0.3% |
| Mar 4, 2025 | $2.42 | $2.58 | +6.7% | $13.9B | +1.7% |
| Nov 26, 2024 | $1.30 | $1.26 | -3.2% | $9.4B | -1.7% |
| Aug 29, 2024 | $1.16 | $1.34 | +15.5% | $9.3B | +0.7% |
| May 30, 2024 | $1.08 | $1.20 | +11.2% | $8.8B | -1.2% |
| Feb 29, 2024 | $2.52 | $2.72 | +8.2% | $14.6B | +1.0% |
| Nov 21, 2023 | $1.18 | $1.29 | +9.4% | $9.8B | -31.7% |
BBY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 21, 2026 | BRAMMAN ANNE Lofficer: EVP, CFO | Grant | 14,581 | — |
| Aug 21, 2026 | BRAMMAN ANNE Lofficer: EVP, CFO | Grant | 18,955 | — |
| Jul 22, 2026 | Watson Mathewofficer: SVP, Controller & CAO | Grant | 5,874 | — |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 336,006 | $82.50 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 252,380 | $81.78 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 62,072 | $80.88 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 42,106 | $83.63 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 11,614 | $83.44 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 107,534 | $82.82 |
| Jul 15, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 88,288 | $81.73 |
| Jun 26, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 193,896 | $78.13 |
| Jun 26, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 224,705 | $78.10 |
| Jun 17, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 5,100 | $78.00 |
| Jun 17, 2026 | SCHULZE RICHARD Mother: Chairman Emeritus | Sell | 76,299 | $78.23 |
| Jun 16, 2026 | Parham Richelle Pdirector | Grant | 2,611 | — |
Source: BBY SEC Form 4 filings, latest Aug 21, 2026. For informational purposes only — not investment advice.
See the full BBY insider & 13F page →Best Buy Co., Inc. company profile
Overview
Best Buy Co., Inc. (NYSE:BBY) is America's largest consumer electronics retailer, founded in 1966 as Sound of Music, Inc. in Minnesota. The company transformed from a small audio specialty store into a technology retail giant through strategic acquisitions and expansion. Today, Best Buy operates over 1,100 stores across the United States and Canada, serving as the primary destination for consumers seeking technology products, appliances, and related services. The company has evolved from a traditional brick-and-mortar retailer into an omnichannel technology solutions provider, combining physical stores with robust online platforms and expanding into adjacent markets like healthcare technology.
Business
Best Buy operates as a specialty retailer focused on consumer electronics, technology products, and appliances. The company's core business revolves around selling a comprehensive range of technology products including computers, smartphones, tablets, gaming systems, home appliances, and entertainment devices. Beyond product sales, Best Buy provides extensive services through its Geek Squad technical support division, offering installation, repair, consultation, and warranty services. The company operates through two primary segments: **Domestic** (approximately 91% of revenue) covering United States operations, and **International** (approximately 9% of revenue) primarily consisting of Canadian operations. The domestic segment includes traditional Best Buy stores, Best Buy Mobile locations, and various specialty brands like Magnolia (premium home theater) and Pacific Kitchen & Home (appliances). Best Buy's product portfolio spans multiple categories. **Computing and tablets** represent a significant growth driver, particularly with the emergence of AI-enabled devices. **Mobile phones** generate substantial revenue through device sales and carrier commission arrangements with major wireless providers. **Appliances** including refrigerators, dishwashers, and laundry equipment constitute a major category, while **home theater** products encompass televisions, audio systems, and smart home devices. The **gaming** segment includes consoles, software, and accessories. The company has been expanding beyond traditional retail into adjacent markets. **Best Buy Health** focuses on technology-enabled healthcare solutions for aging populations, while **Best Buy Business** serves commercial customers. The company is also developing new revenue streams including **Best Buy Ads** (advertising platform for vendors) and planning to launch **Best Buy Marketplace** to expand product selection through third-party sellers.
Revenue model
Best Buy generates revenue through multiple interconnected business models. **Product sales** constitute the primary revenue source, with the company earning margins on technology products, appliances, and accessories sold through stores and online channels. **Mobile phone sales** provide both direct product revenue and substantial **carrier commissions** from wireless providers when customers activate service plans. **Services revenue** has become increasingly important, generated through Geek Squad's installation, repair, and technical support offerings. The company charges for services like appliance installation, device setup, and extended warranties. **Membership programs**, including the TotalTech subscription service, provide recurring revenue while driving customer loyalty and higher spending per member. Best Buy's **omnichannel approach** allows customers to purchase online and pick up in stores, ship from stores, or receive home delivery, optimizing inventory utilization and reducing fulfillment costs. The company also earns revenue through **vendor partnerships**, receiving promotional funding and preferential pricing arrangements. Several factors influence Best Buy's profitability margins. **Technology replacement cycles** significantly impact demand - when consumers upgrade devices every 3-7 years, sales volumes increase. **Product innovation**, particularly in categories like AI-enabled computers and smart home devices, drives premium pricing and higher margins. **Promotional intensity** from vendors and competitors can compress margins, especially in commoditized categories like televisions and appliances. **Supply chain efficiency** affects costs, with the company investing in automation and inventory optimization. **Labor costs** impact store operations, though Best Buy has worked to optimize staffing models. **Real estate costs** for store locations represent a significant fixed expense. **Vendor relationships** influence both product costs and promotional support, while **economic conditions** affect consumer discretionary spending on technology products.
Competitive moat
Best Buy's competitive moat is **moderate but facing challenges** from multiple directions. The company's primary advantages include its **extensive physical store network** providing customers the ability to experience products before purchase, particularly important for complex technology items. This "showrooming" capability, combined with knowledgeable sales staff, creates value that pure online retailers struggle to replicate. **Geek Squad services** represent a significant differentiator, offering technical support and installation services that many competitors cannot match at scale. The company's **vendor relationships** provide access to exclusive products, promotional funding, and preferential pricing that smaller retailers cannot obtain. **Inventory management expertise** and **supply chain scale** allow Best Buy to efficiently stock and distribute thousands of technology products. However, Best Buy faces substantial competitive threats that weaken its moat. **Amazon and other e-commerce platforms** offer convenience, competitive pricing, and vast selection that challenges Best Buy's value proposition. **Direct-to-consumer sales** by manufacturers like Apple, Samsung, and others bypass traditional retail entirely. **Warehouse clubs** like Costco offer competitive pricing on popular technology items, while **general retailers** like Walmart and Target have expanded their electronics offerings. The **commoditization of many technology products** reduces the need for specialized retail expertise, while **online product research** capabilities diminish the value of in-store browsing. **Digital transformation trends** accelerated by the pandemic have shifted more purchasing online, potentially reducing the relevance of physical stores. Best Buy's moat strength varies by product category - it remains stronger in complex categories requiring installation or support (appliances, home theater systems) but weaker in standardized products (accessories, basic electronics). The company's ability to maintain its competitive position depends on successfully evolving its value proposition beyond traditional retail toward services and specialized expertise.
Risks & safety
Best Buy demonstrates **moderate financial safety** with manageable but elevated leverage levels. **Liquidity and Debt:** - Cash and short-term investments: $1.6 billion - Current ratio: 1.03 (tight but adequate) - Debt-to-equity ratio: 1.44 (elevated but manageable for retail) - Free cash flow: $1.4 billion annually (strong cash generation) - No immediate solvency concerns given positive operating cash flow **Valuation Metrics:** - P/E ratio: 19.9x (reasonable for current earnings) - EV/EBITDA: 9.5x (moderate valuation) - Price-to-book: 6.6x (elevated, reflecting asset-light model) - Graham number suggests fair valuation around current levels **Other Considerations:** - Cyclical business model vulnerable to economic downturns - Technology retail faces structural headwinds from e-commerce - Strong market position and brand recognition provide downside protection - Consistent dividend payments and share buybacks demonstrate capital discipline
Recent development
Over the past few years, Best Buy has undergone significant strategic transformation to adapt to changing retail dynamics. The company has **pivoted from traditional electronics retail toward an omnichannel technology solutions provider**, investing heavily in digital capabilities and service offerings. **Digital and AI Integration** has become central to Best Buy's strategy. The company launched AI-powered personalization features in its mobile app, implemented AI-enabled search and recommendation systems, and is preparing for the rollout of AI-enhanced customer service capabilities. Management views AI as both a product category opportunity (AI-enabled laptops and devices) and an operational efficiency tool. **Service Expansion** represents a major strategic shift. Best Buy has grown its services revenue by unbundling previously free installation services from membership programs and improving standalone warranty sales. The Geek Squad division continues expanding its technical support capabilities, while the company explores new service categories. **New Revenue Streams** are being developed to diversify beyond traditional retail. Best Buy is launching a **US Marketplace platform** in mid-2025 to allow third-party sellers, similar to Amazon's model. The **Best Buy Ads business** provides advertising opportunities for vendors within Best Buy's digital ecosystem. **Best Buy Health** focuses on technology solutions for healthcare and aging populations. **Store Experience Evolution** includes refreshing merchandising presentations across all stores, with particular focus on gaming, tablets, and emerging technology categories. The company is implementing "**Best Buy Storefronts**" for influencers and optimizing store layouts for changing product categories. **Membership Program Enhancement** has evolved the TotalTech program to drive customer loyalty and higher spending per member, with membership changes designed to improve profitability while maintaining customer value. The company has grown from 5.8 million to 7 million paid members.
BBY company profile · for informational purposes only — not investment advice.
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