Best Buy Co Inc
BBY: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$84.00 | Xktvzj | Wmgjwgngw |
Best Buy's Niche Remains Intact, We Expect Little Improvement Until Macroenvironment Improves
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.