Best Buy Co., Inc. (BBY)

Over the last 12 months, Best Buy's stock price has fallen by 23.61%. Recent events impacting the stock include first-quarter fiscal 2025 earnings results where shoppers are adjusting their purchasing behavior due to ongoing financial pressures. Best Buy announced its regular quarterly cash dividend. Best Buy's fourth-quarter revenue fell 4.7% year-over-year to $13.9 billion. In its third-quarter earnings report for fiscal 2025, Best Buy reported a nearly 3% year-over-year decline in U.S. comparable sales. Best Buy reportedly laid off more employees as it grapples with falling sales.

Demand for Best Buy's products and services exhibits seasonality, with the fourth quarter being significant due to the holiday shopping season. Consumers are increasingly deal-focused and tend to hold off on large purchases until predictable sales moments. Best Buy has adapted its strategies to manage these seasonal fluctuations, including extending sales periods to accommodate increased demand during peak times.

Best Buy Co., Inc. is an American multinational retailer specializing in consumer electronics, operating in the Consumer Discretionary sector. It offers a wide array of products and services, including consumer electronics, computing and mobile phones, home office products, entertainment products, and home appliances. Best Buy provides services through its Geek Squad brand, offering computer repair, technical support, and installation. The company also markets products under its own house brands.

Best Buy's primary operations are in the United States and Canada. As of early 2024, it had 965 stores in the United States and 160 stores in Canada. The company previously operated in China until 2014 and ceased operations in Mexico in December 2020.

Best Buy has a strong brand reputation built over more than 40 years, recognized for its wide product selection, competitive pricing, and customer service. The company has focused on enhancing its in-store experience and online presence. Despite challenges like falling sales and layoffs, Best Buy has been recognized as an ENERGY STAR Partner of the Year and one of the World's Most Ethical Companies.

Best Buy Co., Inc. has a mixed ownership structure, with approximately 83.80% owned by institutional shareholders, 12.36% by insiders, and 3.84% by retail investors. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and State Street Corp. The largest individual shareholder is Richard M. Schulze.