Company Summary
Incorporated in 1966 and headquartered in Richfield, MN, Best Buy Company Inc. (BBY) is a multinational specialty retailer of consumer electronics, home office products, entertainment software, communication, food preparation, wellness, health, security, appliances and related services. The company retails technology products in the United States and Canada.
Best Buy operates through two business segments. The Domestic Segment (91.6% of fourth quarter of fiscal 2024 total revenues) is comprised of the operations, including Best Buy Health business, in all states, districts and territories of the United States under various brand names Best Buy, Best Buy Business, Best Buy Express, Best Buy Health, CST, Geek Squad, GreatCall, Lively, Magnolia and Pacific Kitchen and Home. The International Segment (8.4% of fourth quarter of fiscal 2024 total revenues) comprised operations in Canada under the brand names Best Buy, Best Buy Express, Best Buy Mobile and Geek Squad.
Domestic and International segments have offerings in six revenue categories.
Computing and Mobile Phones - computing (including desktops, notebooks and peripherals), mobile phones (including related mobile network carrier commissions), networking, tablets (including e-readers) and wearables (including smartwatches); Consumer Electronics- digital imaging, health and fitness, home theater, portable audio and smart home; Appliances - including dishwashers, laundry, ovens, refrigerators, blenders, coffee makers and vacuums; Entertainment - drones, gaming, movies, music, toys, virtual reality and other software; Services- consultation, delivery, design, health-related services, installation, memberships, repair, set-up, technical support and warranty-related services; and Other- beverages, snacks, sundry items and other product offerings.
(Notes: Zacks identifies fiscal years by the month in which the fiscal year ends, while BBY identifies its fiscal year by the calendar year in which it begins; so comparable figures for any given fiscal year, as published by BBY, will refer to this same fiscal year as being the year before the same year, as identified by Zacks.)