For the second quarter of 2020, Best Buy reported a +3.9% increase in enterprise sales of $9.9 Billion compared to $9.5 Billion last year. Domestic sales increased +3.6% to $9.1 Billion from $8.8 Billion last year. Domestic comparable store sales rose +5%, and online sales rose +242% over last year. International on-line sales rose +15.1%. GAAP fully diluted earnings per share were $1.65 compared to $0.89 last year. The strength of Best Buy Inc. is the high customer-oriented business which has created its customer profile by making sure that goods are always available at low prices. It is a leading electronic retailer, and due to the size of the company the organization has bargaining power with the electronic goods producers and the high financial resources allow advertising on large scale. The country-wide prescience of its stores has also given them an advantage of being known throughout the country and due to its advantage in high sales of the Digital TV market, consumers prefer coming to Best Buy Inc. rather than other organizations. Best buy has also been recognized as the Best HDTV retailer by the Academy of Digital Television Gadgets in the year 2005. The gross margins of the company have been decreasing over the years and another weakness that is being faced by Best Buy Inc. is its over-dependence of its on the domestic market for sales. The over-dependence on local US consumers good market has been one weak point of Best Buy that should be improved. Approximately, 75% of the revenue generated is accountable to sales in the USA only. Another problem that is being faced is the cost of expansion. The expansion plans have come down expensively on Best Buy Inc. and operational expenses in Canada have been rising, giving a plunge in the costs of Best Buy Inc.

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