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

Chief Executive Officer

President & Chief Operating Officer

Chief Creative Officer

Chief Financial Officer

General Counsel & Chief Risk Officer

Chief Marketing Officer

Chief Digital & Technology Officer

Chief Compliance Officer

Chief Accounting Officer, Senior Vice President & Controller

Chief Customer Officer

Board of Directors

Executive Partner at The Carlyle Group, Inc.

Chief Executive Officer & Director at Nielsen Holdings Plc

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

Advisor at Witlee

Chief Executive Officer at Best Buy Co., Inc.

President & Chief Operating Officer at Best Buy Co., Inc.

Investor at Broadway Angels

Professional at Dubilier & Co.

President & Chief Executive Officer at Atrium Health

Former Team Member at PricewaterhouseCoopers LLP

Paths to Best Buy Co., Inc.
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Best Buy Co., Inc.
Owners & Shareholders
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LSVAM is a quantitative value equity manager that provides active investment management for institutional investors through the application of proprietary investment models. The firm's investment approach is based on the premise that superior long-term results can be achieved by systematically exploiting the judgmental biases and behavioral weaknesses that influence the decisions of many investors. LSVAM uses a strictly quantitative investment model to identify out-of-favor (undervalued) stocks that have the potential for near-term appreciation. They select individual securities using a bottom-up, quantitative approach. All of their investment strategies use the same approach with investments segmented into different market-cap ranges and/or geographic regions.

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Boston Partners constructs well-diversified portfolios that consistently possess these three characteristics; they are simple rules that limit downside risk, preserve capital and maximize the power of compounding. The firm primarily provides advice using a value style approach for large-cap equity, mid-cap equity, small-cap equity, long/short equity, alpha extension, global equity, and international equity. Their investment process is grounded in bottom-up fundamental analysis. Additionally, a strict sell discipline is employed when an investment reaches market valuation, or if business fundamentals weaken or if the catalyst reverses.

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AQR specializes in quantitative investment analysis and utilizes a systematic research-driven approach to managing alternative and traditional strategies. The firm’s models may consider a wide breadth of factors – from traditional valuation measures, momentum indicators, and price signals, to textual analysis of financial reporting and terms of trade information. They perform their research internally. AQR begins the process of building a model to test the strategy’s viability once an investment approach is identified. The model building process generally consists of two steps: (1) designing an investing strategy to implement the given approach; and (2) producing testable implications. The firm performs ongoing research to monitor and maintain the effectiveness of its models over time. In developing quantitative forecasting computer models, they use external data.

Recent Transactions
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Best Buy Co., Inc. purchases Critical Signal Technologies, Inc. from Duchossois Technology Partners LLC, Dunrath Capital, Inc., Seneca Partners, Inc., HMA Capital Partners LLC

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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.

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)

Counsel

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
Senior Advisor

Former Executive Vice President & Chief Administrative & Chief Financial Officer at Best Buy Co., Inc.

Advisor

Founder at Forrester Research, Inc.

Advisor

Senior Advisor at Centric Technologies, Inc.

Clients

Citi works tirelessly to provide consumers, corporations, governments and institutions with a broad range of financial services and products. They strive to create the best outcomes for their clients and customers with financial ingenuity that leads to solutions that are simple, creative and responsible.

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment involves in selling, marketing, distributing, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003 and is headquartered in New York, NY.

TELUS Corp. is a telecommunications company. The company specializes in telecommunication services and products primarily for wireless and wireline voice and data. It operates through the following segments: Wireless and Wireline. 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.

Key Stats and Financials As of 2020
Market Capitalization
$31.6B
Total Enterprise Value
$24.3B
Earnings Per Share
$5.75
Revenue
$43.6B
Total Equity
$3.48B
Total Debt
$4.07B
Net Profit
$1.54B
Enterprise Value EBITDAOperating
7.55x
TEVNet Income
15.77x
Debt TEV
0.17x
Enterprise Value / Sales
0.56x
EBITDAMargin
6.53%
EBITDA
$2.85B
Three Year Compounded Annual Growth Rate Of Revenue
3.46%
Five Year Compounded Annual Growth Rate Of Revenue
0.22%
Non-Profit Donations & Grants
$25K +
2019
$1 - $499
2019
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. Computer Hardware | Suwon, South Korea

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. Computer Software | 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. Trusts & Funds | Beachwood, Ohio

SITE Centers Corp. is a real estate investment trust, which engages in the acquisition, development, lease, and management of shopping centers. It operates through the Shopping Centers and Loan Investments segments. The company 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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