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)

125K

Industries

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

Company Description

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

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Executives & Employees

Chief Executive Officer

Executive Chairman

President, US Retail

President & Chief Operating Officer

Chief Creative Officer

Chief Financial Officer

Executive Vice President, General Counsel & Chief Risk & Compliance Officer

Chief Marketing Officer

Chief Digital & Technology Officer

Chief Accounting Officer, Senior Vice President & Controller

Board of Directors

Executive Partner at The Carlyle Group LP (Corporate Private Equity)

Chief Executive Officer at Nielsen Holdings Plc

Former Chief Executive Officer & Chairman & Founder at Dynamic Signal, Inc.

General Partner at Camden Partners Holdings LLC

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

Investor at Broadway Angels

Executive Vice President & President of Senior Living at Brookdale Senior Living, Inc.

President & Chief Operating Officer at Best Buy Co., Inc.

Chief Executive Officer at Best Buy Co., Inc.

President & Founder at Centera Corp.

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Best Buy Co., Inc.
Owners & Shareholders
Details Hidden

Boston Partners primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. The firm employs an efficient and repeatable investment process designed to identify companies with: attractive valuations, sound business fundamentals and improving business momentum. Boston Partners' investment strategies include several long/short equity products which include selling securities short. The securities sold short may not be considered \"value\" securities but are considered to be overvalued by Boston Partners on its quantitative screening and fundamental security analysis. For certain long/short portfolios, they use single name security swaps, negotiated on a bilateral basis and not cleared through a central clearing facility. Swaps are used to provide short exposure in markets where physical shorting is not allowed or to obtain exposure to a security to manage margin requirements more efficiently.

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SAAMCo provides investment management and advisory services to the registered fund (Subsidiary) by overseeing a sub-adviser who provides day-to-day portfolio management services to both the Subsidiary and the corresponding investment companies (Registered Funds). There is currently one Subsidiary for which SAAMCo provides such investment management and advisory services, the Commodity Strategy Subsidiary. SAAMCo's Commodity Strategy Subsidiary seeks to achieve long-term total return by investing in a combination of commodity-linked derivative instruments, including commodity futures, swaps, options and options on futures. These investments provide exposure to the return of real assets that trade in the commodities markets without direct investment in physical commodities. Real assets include, but are not limited to, such things as industrial and precious metals, gas, oil, livestock, agricultural or meat products, among others.

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KBI focuses on their core areas of expertise: environmental equity strategies, dividend-oriented strategies and multi-asset strategies. They follow a diversified, total return approach emphasizing the importance of dividend yield, dividend growth and price increases. They invest across industries, regions and market-caps. The firm offers differentiated and innovative investment strategies which enable investors to generate consistent alpha with less risk. Each strategy is managed by specialist teams with investment autonomy and operational independence.

Recent Transactions
Details Hidden

Best Buy Co., Inc. purchases Critical Signal Technologies, Inc. from Duchossois Technology Partners LLC, Dunrath Capital, Inc., Seneca Partners, Inc., HMA Capital Partners LLC

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

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Jiayuan.com International Ltd. purchases Jiangsu Five Star Appliance Co., Ltd. from Best Buy Co., Inc.

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

Founding Member at Ruder Finn, Inc.

Senior Advisor

Former Executive Vice President & Chief Administrative & Chief Financial Officer at Best Buy Co., Inc.

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.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. 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 in 2000 and is headquartered in New York, NY.

Key Stats and Financials As of 2020
Market Capitalization
$20.2B
Total Enterprise Value
$24.3B
Earnings Per Share
$5.75
Revenue
$43.6B
Total Equity
$3.48B
Total Debt
$4.07B
Net Profit
$1.54B
Three Year Compounded Annual Growth Rate Of Revenue
3.46%
Five Year Compounded Annual Growth Rate Of Revenue
1.58%
Enterprise Value EBITDAOperating
7.55x
TEVNet Income
15.77x
Debt TEV
0.17x
Enterprise Value Sales
0.56x
EBITDAMargin
6.53%
EBITDA
$2.85B
Non-Profit Donations & Grants
$10K - $25K
2019
$5,000 - $10K
2018
$1,000 - $2,499
2018
Political Donations
$1,000
2014
$1,500
2014
$1,000
2014
Investments
Details Hidden

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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