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How much revenue does Best Buy generate?

How much revenue does Best Buy generate?

Domestic online revenue of $6.66 billion increased 89.3% on a comparable basis, and as a percentage of total Domestic revenue, online revenue increased to 43.2% versus 25.4% last year….Quarterly Dividend Increased 27% to $0.70 per Share.

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What is Best Buy’s annual revenue?


Fiscal year is February-January. All values USD Millions. 2021 2017
Sales/Revenue 47,262 39,403
Sales Growth 8.30%
Cost of Goods Sold (COGS) incl. D&A 36,746 30,124
COGS excluding D&A 35,907 29,470

How much did Best Buy make in 2020?

As screen time soared in 2020, so did Best Buy. Revenue at the electronics retailer rose 8.3% to $47 billion in 2020 compared with the prior year—enough to push the company up nine spots on the Fortune 500 list this year. Profit, meanwhile, climbed a hefty 16.7%.

How much is the CEO of Best Buy worth?

The estimated Net Worth of Hubert Joly is at least $116 Million dollars as of 18 August 2021. Mr Joly owns over 8,400 units of Best Buy Co stock worth over $2,955,297 and over the last 12 years he sold BBY stock worth over $110,961,081.

How much money is best buy worth?

Based on Best Buy’s revenue and profits from the last three years, Best Buy’s worth is just under $30 billion.

How much revenue did Best Buy make in 2019?

Compare BBY With Other Stocks

Best Buy Annual Revenue (Millions of US $)
2021 $47,262
2020 $43,638
2019 $42,879
2018 $42,151

Who is Best Buy’s biggest competitor?

Best Buy’s top competitors include BJ’s Wholesale Club, The Home Depot, Office Depot, Staples, Target, Sears, Alibaba, Amazon, Walmart, Lowe’s and Costco. Best Buy is a company operating as a retailer of technology and entertainment products and services.

Is Best Buy making money?

Best Buy’s fourth-quarter net income rose to $816 million, or $3.10 per share, up from $745 million, or $2.84 per share, a year earlier. Excluding items, it earned $3.48 per share, higher than the $3.45 per share expected by analysts surveyed by Refinitiv.

What is Corey Berry’s net worth?

The estimated Net Worth of Corie S Barry is at least $38 Million dollars as of 14 June 2021.

How much is Best Buy worth 2020?

Best Buy Net Worth: $29B.

How much money is Walmart worth?

As of 2021, the Walmart corporation is worth $395 billion.

Who owns Best Buy now?

Richard Schulze
#224 Richard Schulze He grew it into the chain of superstores he renamed Best Buy. He is chairman emeritus of Best Buy and its largest individual shareholder with an 11% stake.

Where does Best Buy get most of its revenue?

As one of the leading consumer electronics retailers in North America, Best Buy still generates the majority of its revenue from brick and mortar store sales, but Best Buy also has a presence in the e-commerce market. The company’s share of the e-commerce market is relatively low though at between one and two percent in the United States.

Who is the current CEO of Best Buy?

Brad Anderson succeeded Richard Schulze as Best Buy CEO in July 2002. Anderson had begun working at Best Buy in 1973 while attending seminary school. He was promoted to vice president in 1981 and executive vice president in 1986. Anderson had most recently served as president and COO of Best Buy, a position he had held since 1991.

What was the first year of Best Buy?

First year sales reached $173,000. Four years later Schulze bought out his partner and proceeded to expand his retail chain; his product line, however, was limited to audio components until the early 1980s. Then, according to an Executive of the Year cover story for Corporate Report Minnesota, Schulze said, “ the lights began to turn on.

When did Best Buy become a Fortune 500 company?

Best Buy was named “Company of the Year” by Forbes magazine in 2004, “Specialty Retailer of the Decade” by Discount Store News in 2001, ranked in the Top 10 of “America’s Most Generous Corporations” by Forbes in 2005 (based on 2004 giving), and made Fortune magazine’s list of “Most Admired Companies” in 2006.