FMP
Best Buy Co., Inc.
BBY
NYSE
Best Buy Co., Inc. retails technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products. The company's stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods. In addition, it provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, CST, Current Health, Geek Squad, Lively, Magnolia, Best Buy Mobile, Pacific Kitchen, Home, and Yardbird, as well as domain names bestbuy.com, currenthealth.com, lively.com, yardbird.com, and bestbuy.ca. As of January 30, 2022, it had 1,144 stores. The company was formerly known as Sound of Music, Inc. The company was incorporated in 1966 and is headquartered in Richfield, Minnesota.
60.44 USD
-1.78 (-2.95%)
Davit Kirakosyan
Mar 7, 2025
DA Davidson analysts reaffirmed a Buy rating and a $110.00 price target on Best Buy (NYSE:BBY), citing strong fourth-quarter performance and promising growth trends. The analysts highlighted that Best Buy’s Q4 comparable sales beat indicates the early stages of a product cycle ramp, which began in computing and is expected to extend into other categories throughout the year. However, the analysts also noted emerging risks related to tariffs, as a significant portion of Best Buy’s product invent...
Alex Lavoie
Mar 4, 2025
Best Buy Co., Inc. (NYSE:BBY) is a leading consumer electronics retailer known for its wide range of products and services. The company operates in a competitive market alongside other major retailers like Amazon and Walmart. On March 4, 2025, Best Buy reported its fourth-quarter earnings, revealing key financial metrics that provide insights into its performance. Best Buy reported earnings per share (EPS) of $0.543, which fell short of the estimated $2.40. However, the company generated revenu...
Andrew Wynn
Mar 3, 2025
Best Buy Co., Inc. (NYSE:BBY) is a leading retailer specializing in consumer electronics, appliances, and related services. The company operates in a competitive market, with rivals like Amazon and Walmart. Best Buy is set to release its fourth-quarter earnings on March 4, 2025, with analysts projecting an earnings per share (EPS) of $2.40 and revenue of $13.7 billion. Analysts expect Best Buy to report an EPS of $2.41, a decrease from $2.72 in the same quarter last year. This decline reflects ...
Gordon Thompson
Nov 27, 2024
Best Buy Co., Inc. (NYSE:BBY) is a leading retailer of consumer electronics and appliances in the United States. The company operates through various segments, including domestic and international operations, offering a wide range of products and services. Best Buy faces stiff competition from retail giants like Walmart and Amazon, which have a strong presence in both physical and online markets. On November 26, 2024, Best Buy reported earnings per share (EPS) of $1.26, slightly below the estim...
Davit Kirakosyan
Sep 30, 2024
JPMorgan analysts reiterated an Overweight rating on Best Buy (NYSE:BBY) with a price target of $111, adding the stock to its Analyst Focus List as a Value idea. The analysts emphasized that investors may be underestimating several key factors influencing Best Buy’s potential, including the challenging cycle post-COVID, growing replacement demand, and advancements in computing technology that could drive a new adoption phase. They also highlighted the potential for key product categories like TV...
Gordon Thompson
Aug 29, 2024
Jonathan Matuszewski of Jefferies has recently updated the price target for Best Buy (NYSE:BBY), setting it at $116 from its current price of $99.64. This new target suggests a potential upside of about 16.42%, indicating a bullish outlook on the company's future performance. This adjustment, announced on Thursday, August 29, 2024, underscores a growing confidence in Best Buy's market position, as highlighted by TheFly. Best Buy, a leading electronics retailer, has demonstrated resilience and o...
Zacks Investment Research
Aug 26, 2024
Evaluate the expected performance of Best Buy (BBY) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Zacks Investment Research
Aug 22, 2024
Best Buy (BBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PYMNTS
Aug 20, 2024
Best Buy is rolling out an artificial intelligence (AI)-powered delivery tracking system that promises minute-by-minute updates. The company aims to satisfy customers who are increasingly frustrated with vague delivery windows and limited order visibility.
TechXplore
Aug 19, 2024
Best Buy customers can now get up-to-the-minute updates to find out when that big-screen television will be delivered or when a new fridge will arrive for installation thanks to AI technology.