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 & Director

Executive Chairman

President & Chief Operating Officer

Chief Creative Officer

Chief Financial Officer

Secretary, Executive Vice President & General Counsel

Chief Digital & Technology Officer

Senior Vice President, Controller & Chief Accounting Officer

Chief Transformation Officer

Chief Human Resources Officer & President, US Retail Stores

Board of Directors

Executive Chairman at Best Buy Co., Inc.

Chief Executive Officer & Director at Nielsen Holdings Plc

President & General Manager-Drug Delivery Systems Division at 3M Company

Former Chief Executive Officer & Chairman & Founder at Dynamic Signal, Inc.

General Partner at Camden Partners Holdings LLC

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

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

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

Chief Financial Officer at Cognizant Technology Solutions Corporation

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Best Buy Co., Inc.
Owners & Shareholders
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SEB-IM aims to develop their capabilities by technology driven innovation and a sustainable approach to investments. With their mission of providing value adding asset management products and services, they aim to deliver world class service to their customers. The firm's equity management is characterized by in-depth fundamental analysis combined with sophisticated and modern methods. The investment teams use both traditional stock picking processes and quantitative processes for our various products but they all share common investment beliefs and core values. SEB-IM's fixed income management is characterized by fundamental macro and credit analysis supported by solid quantitative analysis. For multi management, the investment process is fundamentally based on continuous market analysis and extensive experience. However, quantitative supporting tools are a natural part of the investment process in the screening process, analysis process and portfolio construction.

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GIM offers an array of equity, fixed income and liquid alternatives strategies in separately managed accounts and mutual fund products. Equity strategies include large, small, and mid-cap stocks using a blend of growth and value styles. The firm also offers quantitatively-oriented strategies using primarily domestic equities (including 130/30 products). GIM offers an international strategy that uses ADRs. The firm's fixed income strategies include core fixed, intermediate and short duration approaches suitable for taxable and tax exempt investors. These strategies use corporate bonds, municipal bonds, asset backed obligations and US government obligations. Liquid Alternatives include long/short strategies (Quantitative US Total Market and Quantitative US Long/Short) and secured options strategies (Secured Options and Global Secured Options). Both the equity and fixed income strategies may buy mutual funds or exchange traded funds. GIM's selection of investments is based upon an investment process that utilizes technical, fundamental and charting techniques based upon information obtained from financial publications, direct corporate data, proprietary and third party research reports, proxy, 10K, 10Q and other SEC filings. GIM strategies may utilize long and short term trading, short sales and options to meet their articulated investment objectives.

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Swedbank Robur's philosophy is based on fundamental analysis with focus on risk control. Their investment process emphasizes research-based decision-making with controlling risk to ensure long-term capital appreciation for their clients. The firm's in-house analysis contributes to enhance the investment decisions.

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
Advisor

Former Chief Financial Officer, Chief Administrative Officer at Best Buy Co., Inc.

Advisor

Founding Member at Ruder Finn, Inc.

Advisor

Co-President at Best Buy Capital

Clients

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 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.

Nxt-ID, Inc. is a technology company, which engages in the development of hardware and software security systems and applications. The company focuses on the security, healthcare, financial technology, and the Internet of Things markets. Its products and solutions include MobileBio, a suite of biometric solutions that secure consumers' mobile platforms; Wocket, a next-generation smart wallet; and Flye, a digital credit card developed in collaboration with WorldVentures. The company founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Sebastian, FL.

Key Stats and Financials As of 2019
Market Capitalization
$19.2B
Total Enterprise Value
$15.7B
Earnings Per Share
$5.2
Revenue
$42.9B
Net Profit
$1.46B
EBITDA
$2.73B
Total Equity
$3.31B
Total Debt
$1.39B
Three Year Compounded Annual Growth Rate Of Revenue
2.75%
Five Year Compounded Annual Growth Rate Of Revenue
0.22%
EBITDAMargin
6.38%
Enterprise Value EBITDAOperating
5.73x
TEVNet Income
10.7x
Debt TEV
0.09x
Enterprise Value Sales
0.37x
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. 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 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 and loan investments. 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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