Buyback Radar

Best Buy

BBY

Best Buy has retired 57.3% of its shares since 2005, from 491,679,000 to 209,727,698.

57.3%retired since 2005
14.7%last 5 years
0.2%last 12 months
210Mshares today
Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2011half gone 2021492M shares, 2005210M200020052010201520202025
1999, 460,447,8952026-09-02, 209,727,698

Early years use the fiscal-year average share count from the 10-K.

A share bought in 1999
2.2× more of Best Buy today, without buying another share. It was one of 460,447,895 shares then. It is one of 209,727,698 now.
Every filing we read28 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-04-30460,447,89510-K/Acover page
20002000-04-29464,571,92210-Kcover page
20012001-06-01471,109,05010-Kcover page
20022002-05-10480,852,59610-Kcover page
20032003-05-02483,364,88710-Kcover page
20042004-04-03488,005,50010-Kcover page
20052005-04-25491,679,00010-Kcover page
20062006-04-24485,671,00010-Kcover page
20072007-04-30479,304,00010-Kcover page
20082008-03-01439,900,00010-Kfiscal-year average
20092009-02-28413,684,00010-K
20102010-04-26421,899,79010-K
20112011-04-20389,520,24510-K
20122012-04-26342,198,52410-K
20132013-02-02338,276,00010-K
20142014-03-24347,043,61910-K
20152015-03-23352,185,62610-K
20162016-03-21323,347,68110-K
20172017-03-20309,110,84010-K
20182018-03-29282,713,59310-K
20192019-02-02265,702,58810-K
20202020-03-18256,971,22010-K
20212021-03-18250,044,87610-K
20222022-03-16225,227,75610-K
20232023-03-15218,045,73710-K
20242024-03-13215,381,39510-K
20252025-03-17211,369,65710-K
20262026-03-16209,112,57710-K

Source: all 10-K filings of Best Buy on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, since fiscal 2008cash flow statement against share count
$18.3Bspent on buybacks
270Mfewer shares outstanding
$68spent per share that actually disappeared
$2.3Bpaid in stock compensation over the same years

Part of every buyback only replaces shares handed to employees. That part costs money and retires nothing, so the cost per share that disappeared is higher than the average price the company paid.

The stock, long termprice chart by TradingView

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Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Best Buy in depth on Cannibal Stocks.

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