Best Buy targets $50 Billion in Revenue by 2025
Best Buy Co. Inc. announced on Wednesday that it aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025 by ramping up its healthcare technology business.
The biggest U.S. consumer electronics retailer has zeroed in on healthcare technology as a key driver in the second phase of its growth plan. The company had built out the business through a series of purchases such as GreatCall for $800 million back in August 2018.
In addition, Best Buy also said at its Investor Day that it expects its adjusted operating income to grow 5% by 2025.