Best Buy Co., Inc.

Best Buy Co., Inc.

Best Buy Co., Inc.

Overview
Date Founded

1966

Headquarters

7601 Penn Avenue South,Richfield, MN 55423-3645

Type of Company

Public

Employees (Worldwide)

125K

Industries

Retail: Appliances & Electronics
Retail: Other
Consumer Services
Internet Software & Services

Company Description

Best Buy Co., Inc. (NYSE: BBY) is the global leader in consumer electronics, with more than 1,400 large and small-format locations, more than 160,000 employees, $50B in annual revenue and the 11th largest retail website in the United States. Our “Blue Shirt” sales associates and Geek Squad agents are the authority on consumer electronics, delivering unbiased, knowledgeable advice hundreds of millions of times a year and offering unmatched support for the lifetime of the products we sell. Shop our competitively priced products and services at http://www.bestbuy.com/ or stop by one of our Best Buy or Best Buy Mobile stores to touch, test and try the latest technology. Since its inception in 1966, Best Buy Co., Inc. (NYSE:BBY) has grown steadily and enhanced its business through inspired innovations. We’re continually transforming into a dynamic, customer-driven, talent-powered company that focuses on enhancing our customers’ enjoyment of technology. Like many companies, we come from humble beginnings. We’ve been challenged signi?cantly from time to time and we’ve learned, changed and grown from each of these challenges. Today, Best Buy operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. This commitment to growth and customers has driven strong, consistent earnings growth. Retail is a business that requires constant innovation, new ideas, new ways to delight our customers and new ways to work together. To meet the unique product and service needs of our customers, our stores and operating models are being transformed to shift our focus from product-centric to customer-centric ? a move that poises Best Buy to truly offer the entertainment and technology solutions that meet our customers’ needs, end-to- end.

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Executives & Employees

Chairman & Chief Executive Officer

Chief Creative Officer

Chief Financial Officer

Chief Operating Officer

General Counsel & Secretary

Chief Marketing Officer

Chief Digital & Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

Chief Human Resources Officer

Chief Communications & Public Affairs Officer

Board of Directors

Chairman & Chief Executive Officer at Best Buy Co., Inc.

Chief Executive Officer & Director at Nielsen Holdings Plc

Partner at Clayton Dubilier & Rice LLC

Chief Financial Officer at Cognizant Technology Solutions Corporation

General Partner at Camden Partners Holdings LLC

Executive Vice President, Marketing, Communications & Customer Experience at The Travelers Cos., Inc.

Vice President & General Manager of the Gastro/Urology Therapies at Medtronic, Inc.

Chief Operating Officer at Best Buy Co., Inc.

Former President & Chief Executive Officer at Domino's Pizza, Inc.

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Best Buy Co., Inc.
Owners & Shareholders
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AQR Capital Management employs a global, multi-asset research process. They offer a variety of products ranging from aggressive high volatility market-neutral hedge funds to low volatility benchmark-driven traditional products. Investment decisions are made using a series of proprietary global asset allocation, arbitrage and security selection models and are implemented using proprietary trading and risk management systems.

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Standard & Poor's Investment Advisory Services (SPIAS) focuses mainly on investments in equity securities and mutual funds, The firm also offers ETFs and fixed income advisory services. SPIAS' advisory services are provided primarily to institutions that use such advice for their own underlying clients and investors. SPIAS' equity allocation typically has core allocations to both international and domestic equities and is based on global equity market capitalization. The fixed income allocation is based on credit quality, duration and wherever possible by geographic region or country-specific markets.SPIAS offers asset allocation strategies in the form of models, which may be at the asset class or economic sector level. Models are customized to clients' investment objectives and are based on modern portfolio theory. SPIAS uses both quantitative and qualitative factors in developing clients' allocation strategies and model.SPIAS' Fund Selection Services offer both quantitative and qualitative analysis of mutual funds and ETFs for separately managed accounts and insurance sub-accounts.SPIAS provides multi-manager strategies which consist of recommended asset allocations and investments to fulfill each asset class in the allocation. Multi-manager model portfolios may be designed to target specific risk/return objectives, investment goals or time horizons. Investment recommendations may include a combination of mutual funds, ETFs, insurance sub-accounts, model portfolios of equity securities, and/or separately managed accounts. In addition, SPIAS may recommend other investment advisors who can implement an investment strategy to meet a client's investment goals and objectives.SPIAS provides equity portfolio services such as providing model stock portfolios and developing preferred stock lists that meet selection criteria. Model portfolio composition and portfolio strategies can be driven by quantitative models or fundamental research, or combinations of both. Model portfolios that are driven by quantitative models may be subject to a qualitative overlay.SPIAS offers fixed income model portfolios by primarily selecting US and European investment grade and high yield fixed income securities. SPIAS' security selection process uses use analytical tools and analysis, including the R2P screening tool and related research to assist in security selection. Model portfolio composition and portfolio strategies can be driven by SPIAS' use of quantitative models, hedging techniques and analytical and screening tools to measure a security's creditworthiness, risk and probability of default.

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OMGI is an active, risk aware manager which combines multi manager investment solutions and directly invested alpha-generating funds to provide discretionary investment management across global bonds and global equities.For global bonds, the firm is a high-conviction, thematic investor which uses original research to identify the key themes driving the macroeconomic environment and bond markets over the medium-term. The themes determine their portfolio positioning and they make significant allocations within a risk framework that prizes judgment and minimizing downside risk.OMGI's global equities strategy is a market neutral, quantitative process, designed to exploit investors' behavioral biases in a systematic and efficient way. They aim for outperformance driven principally by bottom-up stock selection via Dynamic Valuation, Market Dynamics, Sustainable Growth, Analyst Sentiment and Company Management strategies.Their follow a scalable and repeatable investment process, analyzing companies and seeking to identify mispriced stocks, aiming to provide a balanced view of each stock's outlook across several dimensions. They weight each strategy based on historical performance and the macroeconomic environment. Weightings tilt the portfolio towards the strategies that are likely to be most effective at the time and stock return forecasts are then used to construct the most efficient portfolio that also respects the mandate's constraints. The portfolio is regularly rebalanced.OMGI's independent Risk & Performance team provides data to the fund managers, including risk information and style analysis, and aims to ensure that fund managers are managing their portfolios in line with agreed terms.

Recent Transactions
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Best Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

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Jiayuan.com International Ltd. purchases Jiangsu Five Star Appliance Co., Ltd. from Best Buy Co., Inc.

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Ricoh Company Ltd., Ricoh Americas Corporation purchase mindSHIFT Technologies, Inc. from Best Buy Co., Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBest Buy Co., Inc. purchases mindSHIFT Technologies, Inc.

Investment Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Legal Advisor

Advised onBest Buy Co., Inc. purchases Musicland Stores Corp.

Legal Advisor

Advised onBest Buy Co., Inc. purchases Carphone Warehouse Group Plc /European & US Retail Ops from The Carphone Warehouse Group Plc (Inactive)

Associate

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Attorney

Advised onBest Buy Co., Inc. purchases GreatCall, Inc. from GTCR LLC

Advisors & Consultants
Advisor

Co-President at Best Buy Capital

Advisor

Former Executive Vice President, Chief Operating Officer & Chief Financial Officer at Williams-Sonoma, Inc.

Advisor

Founder at Forrester Research, Inc.

Clients

BCE, Inc. is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following business segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers. The Bell Wireline segment offers data, including Internet access and Internet protocol television, local telephone, long distance, as well as other communications services and products to residential, small and medium-sized business, and large enterprise customers. The Bell Media segment includes conventional, specialty and pay television, digital media, radio broadcasting services, and out-of-home advertising services. The company was founded on February 25, 1970 and is headquartered in Verdun, Canada.

TELUS Corp. operates as a telecommunications company. The comapny specializes in telecommunication services and products primarily for wireless and wireline voice and data. It operates through the Wireless and Wireline segments. The Wireless segment refers to the data and voice products for mobile technologies. The Wireline segment offers data solutions such as internet protocol, television, hosting, managed information technology and cloud-based services, business process outsourcing, certain healthcare solutions, as well as voice and other telecommunications services, and equipment sales. The company was founded on October 4, 1990 and is headquartered in Vancouver, Canada.

Criteo SA is a global technology company, which specializes in digital performance marketing. The firm enables e-commerce companies to leverage large volumes of granular data to engage and convert their customers. Its solutions include criteo shopper graph; criteo engine; publisher network; client platform; and product portfolio. The company was founded by Jean-Baptiste Rudelle, Franck Le Ouay, and Romain Niccoli on November 3, 2005 and is headquartered in Paris, France.

Key Stats and Financials As of 2018
Market Capitalization
$17.1B
Total Enterprise Value
$19.9B
Earnings Per Share
$3.26
Revenue
$42.2B
Net Profit
$1B
Total Debt
$1.36B
Total Equity
$3.61B
EBITDAMargin
6.04%
Enterprise Value Sales
0.47x
Enterprise Value EBITDAOperating
7.81x
TEVNet Income
19.9x
Debt TEV
0.07x
EBITDA
$2.55B
Three Year Compounded Annual Growth Rate Of Revenue
1.48%
Five Year Compounded Annual Growth Rate Of Revenue
-1.34%
Political Donations
$1,000
2014
$1,500
2014
$1,000
2014
Investments
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Xingtera Semiconductor Technology Shanghai Co. Ltd. engages in the communication IC market. It focuses on developing disruptive technologies to address four large markets: home networking, IP camera connectivity, Next-gen access network infrastructure and internet of things. The company was founded by Yuqing Niu and David Chin in 2010 and is headquartered in Shanghai, China.

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MegaPath Cloud Co. LLC provides cloud communications and connectivity services. It offers data, voice, security and hosted information technology services for small, medium, and enterprise businesses as well as wholesale solutions to the carrier and service-provider markets. The company was founded in 1996 and is headquartered in Pleasanton, CA.

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Mydeo Ltd. provides video streaming services. It enabled consumers to share home movies with family, friends, small businesses and charities via Internet. The company was founded by Cary Marsh and Iain Millar in 2004 and were headquartered in London, UK

Investors
Details Hidden

Founder at Richard M. Schulze Family Foundation

Suppliers
Samsung Electronics Co., Ltd. Appliances & Electronics | SUWON, GY

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Cobra Electronics Corp. Equipment & Office Supplies | Chicago, IL

Cobra Electronics Corp. designs and manufactures mobile communications and navigation products. The firm's products include CB radios, detection systems, dash cams, accessories, portable power, power inverters, marine VHF radios, walkie talkies and two way radios, professional navigation, wireless items, and legacy products. The company was founded by Carl Korn in 1948 and is headquartered in Chicago, IL.

SITE Centers Corp. Retail: Other | Beachwood, Ohio

SITE Centers Corp. is a self-administered and self-managed real estate investment trust. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. The company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. It operates through the following segments: shopping centers, loan investments, and Others. DDR was founded in 1965 and is headquartered in Beachwood, OH.

Awards & Honors
Rank #71
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #71
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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