Best Buy Co Inc

BBY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$64.00	Ynnzdsr	Sjkrwvv

Best Buy Faces Stout Headwinds as Consumers Trim Spending and Industry Shifts Further Online

Sean Dunlop , Grace Na

Aug 29, 2023

Business Strategy and Outlook

We believe Best Buy is taking adequate steps to shore up its competitive position in an intensely competitive consumer electronics space. As the preeminent offline consumer electronics retailer in the U.S., the firm has invested heavily in seamless omnichannel access, building relationships with its 40 million active loyalty members, and cutting out nonessential costs.

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United States