Best Buy targets $50 Billion in Revenue by 2025

26.09.2019 - Davydova Maria
Best Buy targets $50 Billion in Revenue by 2025

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.

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