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Best Buy Co Inc
Revenue
Best Buy Co Inc
Revenue Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Revenue | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Best Buy Co Inc
NYSE:BBY
|
Revenue
$42.2B
|
CAGR 3-Years
-7%
|
CAGR 5-Years
0%
|
CAGR 10-Years
1%
|
||
GameStop Corp
NYSE:GME
|
Revenue
$4.3B
|
CAGR 3-Years
-10%
|
CAGR 5-Years
-10%
|
CAGR 10-Years
-8%
|
||
Upbound Group Inc
NASDAQ:UPBD
|
Revenue
$4.3B
|
CAGR 3-Years
1%
|
CAGR 5-Years
10%
|
CAGR 10-Years
3%
|
Best Buy Co Inc
Revenue Breakdown
Breakdown by Geography
Best Buy Co Inc
Total Revenue:
43.5B
USD
|
U [S]:
40.1B
USD
|
C [A]:
3.4B
USD
|
Breakdown by Segments
Best Buy Co Inc
Total Revenue:
43.5B
USD
|
The Domestic Segment Of The Entity:
40.1B
USD
|
The International Segment Of The Entity:
3.4B
USD
|
Best Buy Co Inc
Glance View
Best Buy Co Inc., the electronics retail giant, has carved its niche in the consumer electronics industry by providing a comprehensive selection of products, ranging from cutting-edge gadgets to household appliances. Founded in 1966, the company has matured from a small audio specialty store into a powerhouse of technology retail. It operates both through its extensive network of physical stores across North America and a thriving online platform, reflecting its successful adaptation to the changing retail landscape. With a customer-centric focus, Best Buy enhances its offerings through services like the Geek Squad, providing customer support and product repair, thus creating a value-added shopping experience that goes beyond mere product sales. At the core of Best Buy’s profitability lies its strategic ability to leverage its extensive supply chain relationships and its adept inventory management, which enable it to keep pace with rapid technological advancements. It generates revenue by not only selling products directly but also by offering installation, maintenance, and protection plans, which account for a significant portion of its income. Additionally, Best Buy excels in creating partnerships with major brands, allowing exclusive product launches and in-store experiences that draw customers in. The company’s success hinges on balancing competitive pricing with a strong emphasis on customer service, in-store experience, and strategic use of data analytics to inform product selections and marketing strategies.
See Also
What is Best Buy Co Inc's Revenue?
Revenue
42.2B
USD
Based on the financial report for Nov 2, 2024, Best Buy Co Inc's Revenue amounts to 42.2B USD.
What is Best Buy Co Inc's Revenue growth rate?
Revenue CAGR 10Y
1%
Over the last year, the Revenue growth was -3%. The average annual Revenue growth rates for Best Buy Co Inc have been -7% over the past three years , and 1% over the past ten years .