Best Buy Co Inc logo

Best Buy Co Inc

7
4
NYSE:BBY (USA)   Ordinary Shares
$ 73.26 -1.17 (-1.52%) 10:03 AM EST
12.88
P/B:
5.17
Market Cap:
$ 15.78B
Enterprise V:
$ 18.58B
Volume:
137.17K
Avg Vol (2M):
3.39M
Also Trade In:
Volume:
137.17K
Avg Vol (2M):
3.39M

Business Description

Best Buy Co Inc logo
Best Buy Co Inc
NAICS : 443142 SIC : 5731
ISIN : US0865161014

Share Class Description:

BBY: Ordinary Shares
Description
With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.