AllAnalyst Report
logoMorningstarDecember 01, 2021

Best Buy Co., Inc.: Best Buy's Services and Omnichannel Capabilities Should Carve Out an Enduring Niche for the Retailer

Symbols
BBY
Sector(s)
Consumer Cyclical
Rating
Current Price
$76.00
Fair Value
Economic Moat
Stewardship
Summary

With $47 billion in 2020 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., with roughly 10% share of the aggregate market and nearly 40% share of offline sales, per our calculations, CTA industry, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have see

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