Best Buy Marketplace and Best Buy Ads are on to a strong start. Over the years, this can help improve margins. Both Domestic and International Comp Sales have been improving for multiple quarters. BBY's drive to reduce SG&A expenses through automation and AI seems to be working.
With Black Friday and the holidays looming, the retail sector is generating a lot of buzz this morning.
BBY tops Q3 estimates with revenues up 1.6% and strong online growth, while margins face pressure from mix shifts.
| - Industry | - Sector | Corie Sue Barry CEO | XHAN Exchange | US0865161014 ISIN |
| US Country | 85,000 Employees | 16 Dec 2025 Last Dividend | 4 Aug 2005 Last Split | 19 Apr 1985 IPO Date |
Best Buy Co., Inc., headquartered in Richfield, Minnesota, is a leading retailer specializing in technology products across the United States, Canada, and internationally. Established in 1966, originally under the name Sound of Music, Inc., Best Buy has evolved into a major player in the tech retail industry, offering a wide range of products from computing devices to consumer electronics and appliances through its various stores and websites. The company operates under numerous brands including Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird, with online presence through domains such as bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca. Besides retail, Best Buy provides extensive services such as delivery, installation, technical support, health-related services, and more, catering to the diverse needs of its customers.
In addition to a diverse and comprehensive product catalog, Best Buy extends a broad spectrum of services designed to enhance customer experience and product utilization. These include: