Best Buy Co Inc

BBY: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$95.00	Rqvkpx	Jtygtzrs

Best Buy's Niche Remains Intact, We Expect Little Improvement Until Macroenvironment Improves

Sean Dunlop

Nov 21, 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 out a three-tiered loyalty program, and cutting out nonessential costs.

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