Best Buy Co., Inc. (BBY)

In the past six months, Best Buy's stock has experienced several notable events. As of August 28, 2025, the stock was up 22.82% over the preceding six months. On August 28, 2025, Best Buy reported better-than-expected results for its second quarter of Fiscal 2026, with earnings per share (EPS) of $1.28 and revenue of $9.44 billion. Earlier in the six-month period, Best Buy shares surged 8.8% due to easing U.S.-China trade tensions. Conversely, in November 2024, Best Buy lowered its expectations for comparable sales and revenue for FY25, citing a challenging macroeconomic environment, which led to a decline in its stock price. Insider selling also occurred.

Demand for Best Buy's products and services exhibits clear seasonality, heavily influenced by key shopping periods. The back-to-school season and the holiday season are particularly significant, with consumers being deal-focused and attracted to predictable sales moments and promotions. Historically, a strong back-to-school season often precedes a good holiday season. The fourth quarter is generally expected to see strong comparable sales growth driven by holiday demand and events like Black Friday. Best Buy actively leverages these periods with various sales and promotions.

Best Buy Co., Inc. is a multinational specialty retailer of consumer electronics, appliances, and related services, headquartered in Richfield, Minnesota. The company operates within the Consumer Cyclical sector, specifically in the Specialty Retail industry, with a strong focus on consumer electronics retail. Best Buy offers a wide array of products including computing products, mobile phones, consumer electronics, and appliances, and provides entertainment products such as drones, movies, music, toys, and gaming hardware and software. Beyond product sales, Best Buy distinguishes itself through comprehensive service offerings, including consultation, delivery, design, installation, memberships, repair, set-up, technical support, and warranty-related services, notably through its Geek Squad brand.

Best Buy's primary geographic footprint is in the United States and Canada. As of 2025, the company operates 1,056 stores across the United States, with the domestic segment accounting for over 92% of its total revenue in fiscal year 2025. Best Buy previously had operations in Mexico, which ceased in December 2020, and in China until February 2011.

Best Buy maintains a strong brand recognition as a leading and trusted electronics retailer. In January 2025, Best Buy announced plans to relaunch its online marketplace for third-party sellers by summer 2025, partnering with Mirakl, which could enhance its brand by expanding product assortment and customer engagement. However, in November 2024, observations indicated that consumers were becoming more "discriminating" and "value-oriented," actively seeking promotions, which suggests a competitive environment where meeting customer expectations for value is crucial for maintaining a positive brand perception. There have been no widely reported major negative events or scandals significantly impacting Best Buy's brand reputation in the past year.

Best Buy Co., Inc. is predominantly owned by institutional shareholders, who hold 85.83% of the stock, while insiders own 11.95% and retail investors hold 2.22%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, State Street Corp, Charles Schwab Investment Management Inc, Jpmorgan Chase & Co, Geode Capital Management, Llc, Invesco Ltd, Raymond James Financial Inc, Aqr Capital Management LLC, and Dimensional Fund Advisors Lp. The largest individual shareholder is Richard M. Schulze, who owns 17.29 million shares, representing 8.23% of the company.