It’s been a tough few years for Best Buy. The once-mighty electronics retailer has been struggling to keep up with Amazon, and has had to close a number of stores.
But despite all of this, Best Buy is still a very profitable company. In fact, in the most recent quarter, Best Buy reported profits of $673 million. That’s more than double the profits that Best Buy reported in the same quarter last year.
So, yes, Best Buy is still profitable. But it’s not doing nearly as well as it once was. And it may not be long before Amazon puts an end to Best Buy’s profitability altogether.
