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November 23, 2009 10:13 PM ET

Best Buy Co. Inc. (BBY:NYSE)

LAST $43.71 USD
CHANGE TODAY +0.41 0.95%
VOLUME 5.6M
As of 4:00 PM 11/23/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Best Buy Co. Inc. (BBY)

OPEN
$43.68
PREVIOUS CLOSE
$43.30
DAY HIGH
$44.32
DAY LOW
$43.54
52 WEEK HIGH
11/23/09 - $44.32
52 WEEK LOW
11/24/08 - $17.80
MARKET CAP
18.2B
AVERAGE VOLUME 3 mo
5.2M
DILUTED EPS TTM
$2.21
SHARES OUTSTANDING
416.5M
EX-DATE
10/2/09
P/E TTM
19.7x
DIVIDEND
$0.56
DIVIDEND YIELD
1.28%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICBest Buy

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BBY Details

Best Buy Co., Inc. operates as a specialty retailer in the United States, Canada, Mexico, China, and Europe. It offers consumer electronic video products, such as televisions, digital cameras and accessories, digital camcorders, and DVD players; and audio products comprising MP3 players, navigation products, home theater audio systems and components, and mobile electronics. It also offers home office products comprising notebook and desktop computers, monitors, mobile phones and related subscription service commissions, hard drives, and networking equipment; entertainment software products, such as video gaming hardware and software, DVDs, CDs, digital downloads, and computer software; and appliances, such as kitchen appliances, plumbing fixtures, snacks, and beverages. Best Buy Co. also offers service contracts; extended warranties; product repair; broadband voice, data, and information technology services; and delivers and installs home theater, mobile audio, and appliances. As of February 28, 2009, it operated 1,023 U.S. Best Buy stores, 38 U.S. Best Buy Mobile stand-alone stores, 34 Pacific Sales stores, 6 Magnolia Audio Video stores, and 6 Geek Squad stand-alone stores. The company also operated 2,465 The Carphone Warehouse and The Phone House stores in Europe, 58 Best Buy Canada stores, 3 Best Buy Mobile Canada stores, 139 Future Shop stores in Canada, 164 Five Star stores in China, 5 Best Buy China stores, and 1 Best Buy Mexico store. It also operates the Napster and Speakeasy stores. In addition, the company engages in online retailing through BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com, and BestBuyMobile.com; CarphoneWarehouse.com; Five-Star.cn; FutureShop.ca; GeekSquad.com and GeekSquad.ca; MagnoliaAV.com; Napster.com; PacificSales.com; PhoneHouse.com; and Speakeasy.net. It was formerly known as Sound of Music, Inc. and changed its name to Best Buy Co., Inc. in 1983. The company founded in 1966 and is headquartered in Richfield, Minnesota.

155,000 Employees
Founded in 1966

BBY Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Age: 48
Total Annual Compensation: $876.9K
Chief Financial Officer and Executive Vice Pr...
Age: 47
Total Annual Compensation: $551.9K
Chief Executive Officer of Best Buy Internati...
Age: 62
Total Annual Compensation: $821.2K
Executive Vice President of Retail Channel Ma...
Age: 43
Total Annual Compensation: $630.8K
Compensation as of Fiscal Year 2009.

Key developments for Best Buy Co. Inc. (BBY)

Best Buy Co. Inc. to Open First UK Store in 2010

Best Buy Co. Inc. is set to open its first UK store in Spring 2010 with further store openings to follow later in the 2009.

Best Buy Co. Inc. Unveils New Laptop

Best Buy Co. Inc. unveiled new Laptop. The company aims to appeal to value-conscious consumers with a holiday computing selection featuring what the company called its lowest-advertised-price laptop ever. Selling in-store and online, the Acer laptop delivers solid specifications including an Intel Celeron 900 processor, 2GB memory and a 160GB hard drive, and debuts the seasonal computing offerings at Best Buy. The company said that this holiday, computing selection at Best Buy spans nine brands, and includes over 30 laptops, six netbooks, 17 desktops and four all-in-ones.

Best Buy Co. Inc. and Sonic Solutions Announce Strategic Relationship

Best Buy Co. Inc. and Sonic Solutions announced a strategic relationship that will result in a new Best Buy customer offering in its growing line-up of digital entertainment products. The new on-demand movie and entertainment service will be powered by Sonic's Roxio CinemaNow(TM) and will allow consumers to have access to buy or rent a vast library of premium content. To power this offering, Best Buy has entered into a multi-year agreement in which Best Buy plans to license and deploy Sonic's Roxio CinemaNow(TM) technology and services platform to make on-demand digital content delivery a standard feature on connected consumer electronics devices sold throughout U.S. Best Buy retail stores and BestBuy.com. Under the terms of the agreement, Best Buy acquired warrants enabling it to purchase shares of Sonic Solutions common stock. With the new Best Buy service, consumers will have access to buy or rent an extensive library of premium content including new movies, TV shows, independent films, and older catalog movies, which they will be able to access on devices in the broad ecosystem. It is anticipated that new titles will often be available on the same day they become available on DVDs in retail outlets. Together with their Studio partners, Best Buy and Sonic plan to also collaborate on new service and content offerings, including those that leverage digital copies to bridge physical disc sales and electronic sell through.

BusinessWeek Rankings

BusinessWeek 50
2009  #9
2008  #36

Stock Quotes

Company Lookup
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BBY $43.71 USD +0.41
ALA (DE) €0.54 EUR +0.015
SGI $6.30 USD +0.03
U (CA) C$7.00 CAD +0.14
PCLN $211.89 USD +3.14

Market data is delayed at least 20 minutes.

BBY Competitors

Company Last Change
Dell Inc $14.79 USD +0.50
Lowe's Companies Inc $21.88 USD +0.53
Sears Holdings Corp $71.66 USD -0.98
Staples Inc $23.20 USD +0.48
Time Warner Inc $32.10 USD +0.46
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation BBY Industry Range
Price/Earnings 19.7x
Price/Sales 0.4x
Price/Book 3.4x
Price/Cash Flow 19.3x
TEV/Sales 0.3x

BBY

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