Best Buy Co., Inc.

Best Buy Co., Inc.

Best Buy Co., Inc.

Overview
Date Founded

1966

Headquarters

7601 Penn Avenue South,Richfield, MN 55423-3645

Type of Company

Public

Employees (Worldwide)

102K

Industries

Retail: Appliances & Electronics
Retail: Other
Consumer Services
Internet Software & Services

Company Description

Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It was originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music. In 1983, it was rebranded under its current name with an emphasis placed on consumer electronics.

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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

President

Chief Financial Officer

General Counsel & Chief Risk Officer

Chief Marketing Officer

Chief Digital & Technology Officer

Chief Compliance Officer

Chief Accounting Officer, Senior Vice President & Controller

Chief Customer Officer

Board of Directors

Executive Partner at The Carlyle Group, Inc.

Chief Executive Officer & Director at Nielsen Holdings Plc

Executive Vice President, Marketing, Communications & Customer Experience at The Travelers Cos., Inc.

Advisor at Witlee

Chief Executive Officer at Best Buy Co., Inc.

Chairman, President & Chief Executive Officer at VF Corporation

Investor at Broadway Angels

Chief Financial Officer at Chewy, Inc.

Former Chief Financial Officer at Cognizant Technology Solutions Corporation

Professional at Dubilier & Co.

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Best Buy Co., Inc.
Owners & Shareholders
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AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm’s models may consider a wide breadth of factors – from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy’s viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

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Swedbank Robur’s philosophy is based on fundamental analysis with focus on risk control. Their investment process emphasizes research-based decision-making with controlling risk to ensure long-term capital appreciation for their clients. The firm’s in-house analysis contributes to enhance the investment decisions.

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TSA specializes in process-driven, systematic investment management, generally by employing quantitative analysis and techniques, including the use of mathematical models that rely on patterns inferred from historical prices and other data in evaluating prospective investments. The firm uses a variety of methods and strategies to make investment decisions and recommendations. TSA primarily combines multiple hedged and leveraged investment strategies with proprietary risk management and execution techniques to make investment decisions for their clients. Investment strategies employed by TSA include, but are not limited to, the following: statistically-based strategies, merger (or risk) arbitrage, closed-end fund/constituent arbitrage, fundamentally-driven strategies, event-driven strategies, spread-based and long/short strategies, volatility arbitrage and trading strategies, structured credit trading strategies, and contributor-based and sentiment-based strategies.

Recent Transactions
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Best Buy Co., Inc. purchases BioSensics LLC

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Best Buy Co., Inc. purchases Critical Signal Technologies, Inc. from Dunrath Capital, Inc., Seneca Partners, Inc.

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Best Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBest Buy Co., Inc. purchases mindSHIFT Technologies, Inc.

Investment Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Legal Advisor

Advised onBest Buy Co., Inc. purchases Musicland Stores Corp.

Legal Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Counsel

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Attorney

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Advisors & Consultants
Advisor

Founder at Forrester Research, Inc.

Advisor

Senior Advisor at Centric Technologies, Inc.

Advisor

Co-President at Best Buy Capital

Clients

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the following segments: Recorded Music and Music Publishing. The Recorded Music segment involves in selling, marketing, distributing and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

NCSOFT is a leading developer and publisher of online games. A gaming powerhouse with a global reach, the company was founded in 1997 in Seoul, South Korea. Today NCSOFT is home to numerous industry-leading franchises, including Aion, City of Heroes Guild Wars, and Lineage. NCSOFT also publishes casual games in some regional markets. With offices in China, Taiwan, Japan, Thailand, the United Kingdom, and the United States, NCSOFT games entertain and delight players around the world.

Key Stats and Financials As of 2021
Market Capitalization
$30.2B
Total Enterprise Value
$27B
Earnings Per Share
$6.84
Revenue
$47.3B
Net Profit
$1.8B
EBITDA
$3.41B
Total Debt
$4.08B
Total Equity
$4.59B
EBITDAMargin
7.22%
Enterprise Value EBITDAOperating
7.13x
TEVNet Income
15.02x
Debt TEV
0.15x
Enterprise Value / Sales
0.57x
Three Year Compounded Annual Growth Rate Of Revenue
3.89%
Non-Profit Donations & Grants
$25K +
2019
$1 - $499
2019
Political Donations
$1,000
2014
$1,500
2014
$1,000
2014
Investments
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Xingtera Semiconductor Technology Shanghai Co. Ltd. engages in the communication IC market. It focuses on developing disruptive technologies to address four large markets: home networking, IP camera connectivity, Next-gen access network infrastructure and internet of things. The company was founded by Yuqing Niu and David Chin in 2010 and is headquartered in Shanghai, China.

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MegaPath Cloud Co. LLC provides cloud communications and connectivity services. It offers data, voice, security and hosted information technology services for small, medium, and enterprise businesses as well as wholesale solutions to the carrier and service-provider markets. The company was founded in 1996 and is headquartered in Pleasanton, CA.

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Mydeo Ltd. provides video streaming services. It enabled consumers to share home movies with family, friends, small businesses and charities via Internet. The company was founded by Cary Marsh and Iain Millar in 2004 and were headquartered in London, UK

Investors
Details Hidden

Founder at Richard M. Schulze Family Foundation

Suppliers
Samsung Electronics Co., Ltd. Computer Hardware | Suwon, South Korea

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Cobra Electronics Corp. Computer Software | Chicago, IL

Cobra Electronics Corp. designs and manufactures mobile communications and navigation products. The firm’s products include CB radios, detection systems, dash cams, accessories, portable power, power inverters, marine VHF radios, walkie talkies and two way radios, professional navigation, wireless items, and legacy products. The company was founded by Carl Korn in 1948 and is headquartered in Chicago, IL.

SITE Centers Corp. Trusts & Funds | Beachwood, Ohio

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company was founded in 1965 and is headquartered in Beachwood, OH.

Awards & Honors
Rank #71
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #71
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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