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Best Buy Co., Inc. (BBY), headquartered in Richfield, Minnesota, retails consumer electronics, home office products, entertainment software, appliances, and related services through its retail stores, as well as its website. Valued at $18.3 billion by market cap, the company also retails pre-recorded home entertainment products.
Shares of this tech retail giant have underperformed the broader market considerably over the past year. BBY has gained 7.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.1%. In 2024, BBY’s stock rose 8.3%, compared to the SPX’s 17.3% rise on a YTD basis.