Best Buy’s Service and Other Consumer Strategies Intriguing, but Long-Term Industry Questions Linger
With solid fourth-quarter fiscal 2019 results (comps of 3%, revenue at the high end of its $14.4 billion-$14.8 billion target, and 30 basis points of operating margin expansion to 6.7%) helping Best Buy to achieve its fiscal 2021 targets ($43 billion in revenue, $1.9-$2.0 billion in operating margins, 4.5% operating margins, and EPS of $4.75-$5.00) two years ahead of schedule, we've turned our focus on what investors can expect in the years to come.As we discussed in our third-quarter update, w...
Best Buy provides computing and mobile phones, consumer electronics, appliances, entertainment, services and other products. The company operates two reportable segments: Domestic, which is comprised of the operations in all states, districts and territories of the U.S. under various brand names including Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home; and International, which is comprised of all operations in Canada and Mexico under the brand names Best Buy, Best Buy Express, Best Buy Mobile, Geek Squad and the domain names bestbuy.ca and bestbuy.com.mx.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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