Best Buy Co., Inc (BBY) – Change in membership programs to impact positively

Best Buy Co., Inc (BBY) (Q1FY24)

Introduction

Best Buy Co., Inc. engages in the retail of technology products in the United States and Canada. The company operates in two segments, Domestic and International. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, home theater, portable audio comprising headphones and portable speakers, and smart home products.

The company’s stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers, and vacuums; entertainment products consisting of drones, peripherals, movies, music, and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living, and sporting goods.

In addition, it provides consultation, delivery, design, installation, memberships, repair, set-up, technical support, health-related, and warranty-related services. The company offers its products through stores and websites under the Best Buy, Best Buy Ads, Best Buy Business, Best Buy Health, Buy Mobile, CST, Current Health, Geek Squad, Lively, Magnolia, Pacific Kitchen, Home, TechLiquidators, and Yardbird brands, as well as domain names comprising bestbuy.com, currenthealth.com, lively.com, techliquidators.com, yardbird.com, and bestbuy.ca.

Highlights

BBY is improving its omnichannel strategies to remain competitive in the digital age and changing retail landscape. This involves enhancing the way the stores operate to offer unique customer experiences and efficient order fulfillment through multiple channels. It also aims to improve the uniqueness of its stores while also making them more efficient and cost-effective.

Stock performance

Best Buy stock gave returns of 10.2% and -0.7% in the period of three months and one year. The stock has a 52-week high of $93.32 and a 52-week low of $60.79.

The stock gave returns of -22.3% and CAGR of -8.1% over a period of three years. The stock had a 200-Day Moving Average of $78.24 and a 50-Day Moving Average of $79.61.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Key Metrics Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages; 40

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