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Best Buy Co (BSP:BBYY34) Policy Acquisition Expense


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What is Best Buy Co Policy Acquisition Expense?

Policy Acquisition Expense only applies to insurance companies.

Best Buy Co (BSP:BBYY34) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (BSP:BBYY34) » Definitions » Policy Acquisition Expense
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Traded in Other Exchanges
BBY:USA BBY:Mexico BUY:Germany
Address
7601 Penn Avenue South, Richfield, MN, USA, 55423
Website
https://www.investors.bestbuy.com
With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, 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.