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17	17	Corie Sue Barry is the current CEO & Director of the company. As of May 2023, the company had 52-weeks price range of $93.32 to $60.79. Trailing P/E ratio of the company is 11.70 times, price to sales ratio (ttm) is 0.36 times, profit margin is 2.93%, operating margin (ttm) is 3.95%, return on assets (ttm) is 7.44%, return on equity (ttm) is 47.55%, diluted EPS (ttm) is $6.29. Payout ratio of the company is 55.96%. The company split its shares on August 03, 2005 to the ratio of 3:2. At the end of first quarter of fiscal 2024, ended April 29, 2023, the company had weighted-average diluted common shares outstanding of 219.9 million.
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19	19	= Recent Developments =
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21	21	* In fiscal 2022, we acquired all of the outstanding shares of Current Health Ltd. (“Current Health”) and Two Peaks, LLC d/b/a Yardbird Furniture (“Yardbird”).
22	22	* During November, 2020, Best Buy announced its exit from Mexico - a place where it has comparatively the smallest operation with 49 stores.{{footnote}}https://www.reuters.com/article/us-best-buy-results-mexico-idUSKBN2842RB{{/footnote}} The decision came amid escalation of Covid-19 cases. The closure was completed by the end of first quarter of fiscal 2022 (end of February 2021).
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24	24	= Recent Financing Activities =
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26	26	* For the Q1 of fiscal 2024 ended April 29, 2023, Best Buy's board authorized a quarterly dividend of $0.92 per common share. The company had 218,499,262 shares of common stock issued and outstanding as of April 29, 2023.{{footnote}}https://investors.bestbuy.com/investor-relations/news-and-events/financial-releases/news-details/2023/Best-Buy-Announces-Regular-Quarterly-Cash-Dividend-2b727fa3e/default.aspx{{/footnote}}
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35	35	= Company History =
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37	37	Richard Schulze and his business partners opens up Sound of Music store in St. Paul, Minnesota, USA in 1966. The company acquires Kencraft Hi-Fi Company and Bergo Company in 1967. Sound of Music becomes a publicly traded company a year after and it opens three stores in the Twin Cities area. By 1970, the company hits the $1 million mark in annual revenue. After a decade of expansion, in 1983, the board of directors of the company approves a new corporate name, Best Buy Co., Inc. in 1983. The company with changed name issues IPO on the Nasdaq in 1985 to raise $8 million. Another public stock offering in the following year raises $33.6 million, which helped a 12-store expansion for the company.