Best Buy: Avoid the ‘Coal’ This Holiday Season!
December 24, 2023
☀️Trending News
This holiday season, don’t settle for giving the gift of coal! Instead, make sure your friends and family get the perfect gift with a trip to Best Buy ($NYSE:BBY). Whether you’re shopping for TVs, gaming consoles, home theater systems, computers, tablets, smartphones, appliances, or home and lifestyle products, Best Buy has all the items you need to make your loved ones smile. At Best Buy, you’ll find an endless selection of the latest technology and hottest gadgets. Their knowledgeable staff can help you choose the perfect item for everyone on your list.
Plus, their price match guarantee promises you’re never paying more than you should. Plus, you can shop in-store or online, so you don’t have to brave the busy holiday lines. With Best Buy, you can avoid being disappointed with a lackluster gift this holiday season and give your family something they’ll love.
Stock Price
This holiday season, Best Buy has done its best to make sure shoppers are able to get the most out of their shopping experience. On Friday, Best Buy’s stock opened at $75.7 and closed at $76.1, up 0.4% from the previous closing price of $75.8. This number shows that investors and customers alike are confident in the company’s ability to provide quality products and services this holiday season. Whether you’re shopping for a new laptop or a new game console, Best Buy has you covered.
With their wide selection of products and their competitive prices, there’s something for everyone at the store. Plus, with their knowledgeable staff on-hand to answer any questions you may have, you can rest assured that you’ll be getting the best bang for your buck. So don’t let the “coal” in your stocking this year, head on over to Best Buy and make sure your holidays are as merry as can be! Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Best Buy. More…
| Total Revenues | Net Income | Net Margin |
| 43.54k | 1.28k | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Best Buy. More…
| Operations | Investing | Financing |
| 2.22k | -826 | -1.62k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Best Buy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.88k | 14.07k | 13.03 |
Key Ratios Snapshot
Some of the financial key ratios for Best Buy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.5% | -11.7% | 3.9% |
| FCF Margin | ROE | ROA |
| 3.2% | 37.4% | 6.3% |
Analysis
GoodWhale’s analysis of BEST BUY‘s fundamentals reveals that, according to our Star Chart, it is classified as a ‘cow’, meaning it has a track record of consistent and sustainable dividends. This type of company is likely to appeal to a range of investors, including those looking for a steady income stream. GoodWhale also awards BEST BUY an impressive 8/10 health score for its cashflows and debt, indicating that it is very well positioned to continue to sustain operations in times of crisis. In terms of other areas of assessment, BEST BUY stood out for its strong asset and dividend performance, as well as its good profitability. While it may be weaker with regard to growth, this is not necessarily a cause for alarm given the company’s other positive fundamentals. More…
Peers
Best Buy Co Inc is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota. It operates in the United States, Puerto Rico, Mexico, Canada, and China. The company competes with Revolve Group Inc, The RealReal Inc, Tapestry Inc, and other retailers in the consumer electronics market.
– Revolve Group Inc ($NYSE:RVLV)
Revolve Group Inc is an American fashion retailer headquartered in Los Angeles, California. It was founded in 2003. The company operates through two segments: Retail and Digital. The Retail segment operates brick-and-mortar stores and websites under the brands Revolve, Koolaburra by UGG, True Religion, and Nasty Gal. The Digital segment provides marketing and e-commerce services to third-party retailers. The company has a market cap of 1.55B as of 2022 and a Return on Equity of 17.74%.
– The RealReal Inc ($NASDAQ:REAL)
The RealReal Inc is a luxury consignment company that focuses on selling pre-owned designer fashion and accessories. As of 2022, the company has a market capitalization of 115.6 million and a return on equity of 137.64%. The RealReal Inc was founded in 2011 and is headquartered in San Francisco, California.
– Tapestry Inc ($NYSE:TPR)
Tapestry, Inc. is a leading American fashion house with a rich history dating back to 1908. The company designs and manufactures luxury handbags, shoes, and accessories under the Coach, Kate Spade, and Stuart Weitzman brands. Tapestry’s market cap is $7.41 billion and its ROE is 28.67%. The company has a strong presence in North America, Europe, and Asia, and its products are sold in over 500 Coach stores, 500 Kate Spade stores, and 100 Stuart Weitzman stores worldwide, as well as through department stores and e-commerce sites. Tapestry’s recent acquisition of the footwear company Jimmy Choo gives it an even broader luxury fashion portfolio.
Summary
Best Buy is a leading electronics retailer in the US, offering consumers a wide range of products from consumer electronics to appliances and home theater systems. By analyzing the company’s financials, investors can gain insight into Best Buy’s competitive advantages and risks. Best Buy has a long history of generating strong financial returns, meaning that investors can expect consistent growth and dividends.
With increasing competition in the space, investors should also remain vigilant for any emerging challenges that could impact their investments. Investing in Best Buy is a relatively low-risk option, as the company has a proven track record of success and a wide range of product offerings.
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