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Best Buy Co., Inc.

Industry: Technology Stores

Fortune Rank: 45

For the twenty six weeks ended 27 August 2005, Best Buy Co. Inc.'s revenues rose 11% to $12.82B. Net income rose 36% to $358M. Revenues reflect the opening of new stores, comparable store sales gains driven by increased customer spending on MP3 players, flat-panel television and digital imaging products. Net income benefited from improved operating margins and increased net interest income due to the presence of dividend income.

Best Buy Co., Inc. is a specialty retailer of consumer electronics, home office products, entertainment software, appliances and related services. It operates retail stores and commercial Websites under the brand names Best Buy (BestBuy.com and BestBuyCanada.ca), Future Shop (FutureShop.ca), Magnolia Audio Video (MagnoliaAV.com) and Geek Squad (GeekSquad.com), as well as an outlet store on eBay. During the fiscal year ended February 26, 2005, the Company operated two segments: Domestic and International. The Domestic segment is comprised of the United States Best Buy and Magnolia Audio Video operations. The United States Best Buy stores offer consumer electronics, home office products, entertainment software, appliances and related services. Magnolia Audio Video stores offer high-end audio and video products and services. The International segment consists of Future Shop and Best Buy operations in Canada, offering products similar to those offered by the United States Best Buy stores.

Best Buy Co., Inc.

Best Buy Co., Inc. is a Fortune 500 company. In 2010 Best Buy Co., Inc. was ranked number 45 on the Fortune 500 list, making it the 45th largest company in the United States when judged by revenue.

Best Buy Co., Inc. achieved revenue of $45,015.00 million in 2010 and earned a profit of $1,003.00 million.

Best Buy Co., Inc.' rank improves

The company ranking improved in 2010, moving up the Fortune 500 list to 45th compared to 56th in 2009. This was based on its 2009 revenue of $40,023 million (a change of 5 million compared to 2010) and profits of $1,407 million (a change of $0 million compared to 2009).

Another point of view

To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Best Buy Co., Inc. would be ranked 133rd rather than 45th due to its profits of $1,003 in 2010.

* US$ Million

• Address
  • Best Buy Co., Inc.
    7601 Penn Avenue South
    Richfield
    MN
    55423
• Contact Details
  • Phone: 612-291-1000
  • Fax: 612-292-4001
  • Website: www.bestbuy.com
  • Stock Symbol: BBY

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