Revenue segments as reported by the company.

Domestic segment

International segment

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Restructuring charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Best Buy

MegaPath is a business telecommunications company, founded in 1996, that provides a Voice, Unified Communications, Internet Access, Managed Security Services, and Cloud Computing services to carrier and service-provider businesses in the United States.

MegaPath

Pacific Sales is a wholly owned subsidiary of Best Buy. They were originally opened with one store in Torrance, California. They offer high to mid range appliances as well as an assortment of home electronics and other home improvement products. When the company was purchased by Best Buy in 2006, the decision was made to keep the brand and company intact, unlike other companies such as Magnolia who was absorbed into the Best Buy brand. Since then, the company has opened over 35 stores in California, Nevada and Arizona, and had opened stores within existing Best Buy stores in Texas and Hawaii as well as California, Nevada and Arizona to offer higher end appliances than are currently available in Best Buy.

Pacific Sales

Geek Squad is a subsidiary of American multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota. The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients. In 2002, they merged with Best Buy, retaining Stephens as the primary corporate leadership for the subsidiary. The Geek Squad provides services in-store, on-site, and over the Internet via remote access, and also provides 24-hour telephone and emergency on-site support. Geek Squad no longer works solely on computer-related devices. It now diagnoses issues in and repairs all consumer electronics, as well as appliances, continually expanding its services to keep pace with ever-changing technology.

Geek Squad

Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment is made up of all operations outside the U.S. and its territories, including Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Best Buy Q1 Sales Meet Expectations Amid Intense Promotional Environment

Best Buy's Q1 performance met expectations, but challenges in the promotional environment impacted profitability. The company is revamping its membership program to drive continued profit rate expansion and is optimistic about industry growth in 2024.

Best Buy surpasses Q2 expectations, eyes growth amid industry challenges

Best Buy's Q2 performance exceeded expectations, driven by strategic management of promotional plans and a strong membership program. The company is investing in employee development and technology to enhance customer experiences. While facing industry challenges and inflationary pressures, Best Buy is well-positioned to capitalize on potential growth in the consumer electronics industry and explore new service opportunities.

Best Buy reports Q3 decline but sees opportunities in innovation

Best Buy faced a decline in comparable sales but improved its gross profit rate. The company's membership program and store portfolio management are driving improved profitability. While challenges in comparable sales and gross profit rate persist, Best Buy sees opportunities in innovation, growth initiatives, and supply chain enhancements.

Best Buy reports solid Q4 performance, eyes growth opportunities

Best Buy navigated Q4 with solid sales and profitability, focusing on key shopping periods and strategic initiatives for growth.
Despite challenges in the consumer electronics industry, the company is poised to capitalize on industry growth opportunities in 2024.
Efforts to enhance membership programs, drive innovation through vendor partnerships, and optimize cost structures position Best Buy for success.
Continued monitoring of consumer behavior and adaptation to macroeconomic factors will be crucial for Best Buy's performance in 2023.

Best Buy maintains profitability amidst sales challenges, eyes industry growth

Best Buy navigated Q1 challenges with a focus on profitability, digital sales, and inventory management, positioning for comp performance improvement.
The company's strengths lie in its commitment to diversity, efficiency improvements, B2B growth, and employee engagement, while facing promotional pressures and sales challenges.
Opportunities for growth include industry stabilization, rebounding from challenges through innovation, and optimizing ROIC through strategic investments.
Overall, Best Buy's strategic focus on profitability, efficiency, and growth avenues sets a positive trajectory amidst industry dynamics and macroeconomic pressures.

Best Buy beats Q2 expectations, eyes tech upgrade cycle growth

Best Buy remains optimistic about future opportunities and growth through existing and emerging technologies.
Confidence in market position with maintained or increased share in established categories and strategic partnerships.
Customer engagement through membership tiers aims to drive increased share of wallet and repeat business in consumer electronics.

Best Buy reports Q3 operational strength amidst sales challenges

Best Buy's Q3 performance showcased operational strength amidst industry challenges. The company's membership program success and strategic promotional plans are key strengths. Challenges include softer consumer demand and inflation pressures, while opportunities lie in enhancing omnichannel capabilities and driving innovation.
Despite a Q3 sales decline, Best Buy is strategically positioned for growth with a focus on customer experience enhancements and store format optimizations. The company's competitive success is driven by differentiated services and strong vendor partnerships. Best Buy's financial outlook remains stable with a focus on profitability and operational efficiency.

Best Buy beats profit expectations, eyes growth through innovation

Best Buy's Q4 performance was strong, with profitability exceeding expectations despite a decline in comparable sales. The company's focus on customer experiences, operational efficiency, and revenue diversification sets the stage for future growth. Challenges lie in managing expenses and navigating a competitive landscape, while opportunities exist in revenue streams and seamless customer experiences.

Best Buy beats Q1 profit expectations, focuses on AI growth

Best Buy's Q1 performance exceeded expectations with a focus on profitability and strategic growth despite a decline in comparable sales.
The company's strengths lie in membership program growth, successful product launches, and AI implementation for enhanced customer experiences.
Challenges include revenue declines in certain product categories, increased promotionality impacting margins, and the need for continued innovation.
Opportunities include the debut of AI PCs, enhancing customer experiences through AI, and exploring partnerships for growth and operational efficiency.

Best Buy beats Q2 expectations, focuses on customer experience innovation

Best Buy delivered better-than-expected results in Q2, driven by strong performance in key categories and cost management. Despite challenges in certain segments, the company remains focused on enhancing customer experiences and operational efficiency. With a strategic outlook on innovation and customer engagement, Best Buy aims to navigate market challenges and drive future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Target

Perhaps the biggest unknown for the retail sector this holiday season is how much inflation will impact consumer spending. Black Friday — so named because it was historically the first day stores would push into year-to-date profitability — will provide an important test.

Retailers are desperate for a consumer spending surge as Black Friday kicks the off holiday shopping season — but will it come?

American Eagle Outfitters

Abercrombie & Fitch

Dick's Sporting Goods

Dollar Tree

Nordstrom

Subscribers to  Chart of the Week  received this commentary on Sunday, November 20.

Retail Sector Could Have a Happy Holiday

The big-box retailer still faces tough near-term headwinds.

Is Now the Right Time to Add Best Buy Stock?

Burlington Stores

Guess?

Retail sector shares contributed to Wall Street's rally on Tuesday as investors swarmed the sector following some solid Q3 earnings numbers and ahead of the Black Friday and Christmas Holiday trading period.

Retailers Move Higher Ahead of Black Friday Trading With Several Results Out. How Did They Perform?

Best Buy, Abercrombie, Dick's beat estimates as shopping ramps up.

Black Friday Looms as Some Retailers Say Sky Isn't Falling

During an earnings call on Tuesday, Best Buy CEO Corie Barry said consumers are behaving in an "unsettled and uneven" way in the current inflated economy.

Best Buy CEO weighs in on consumer behavior amid current economic conditions

An encouraging financial forecast let investors breathe a sigh of relief.

Why Best Buy Stock Popped Today

Best Buy (BBY) reports better-than-expected third-quarter fiscal 2023 results. However, sales decrease from the year-ago fiscal quarter's level due to weak enterprise comparable sales.

Best Buy's (BBY) Q3 Earnings Beat, Comparable Sales Fall 10.4%

Best Buy Co Inc (NYSE:BBY) has posted third quarter earnings for 2022 that beat analyst estimates while it raised its full-year guidance for sales, expecting a boost from Black Friday and the upcoming holiday shopping season. The electronics retail chain said its non-GAAP earnings were US$1.38 per share, down from 3Q 2021, but ahead of Wall Street's $1.03 per share estimate.

Best Buy shares soar more than 12% as electronics retailer forecasts strong holiday shopping season

Shares of Best Buy Co. Inc. charged higher Tuesday, after the consumer electronics and appliances retailer's grand slam of an earnings report, in which it beat profit, revenue and same-store sales expectations and raised its full-year outlook.

Best Buy stock boosted by big profit beat in face of ‘intense' promotional environment

Best Buy on Tuesday forecast a smaller drop in annual sales than it had previously estimated, saying it was confident that a ramp up in deals and discounts will bring in more inflation-weary customers during the holiday season. The retailer's shares jumped 11% to $79.

Best Buy shares soar on upbeat holiday sales forecast

Best Buy Co., Inc. (NYSE:BBY ) Q3 2023 Earnings Conference Call November 22, 2022 8:00 AM ET Company Participants Mollie O'Brien - Investor Relations Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Conference Call Participants Pete Keith - Piper Sandler Scot Ciccarelli - Truist Chris Horvers - JPMorgan Liz Suzuki - Bank of America Steve Forbes - Guggenheim Partners Seth Basham - Wedbush Securities Brad Thomas - KeyBanc Capital Markets Brian Nagel - Oppenheimer Operator Hello and welcome to the Best Buy Q3 Full Year 2023 Earnings Call. My name is Laura and I will be your coordinator for today's event.

Best Buy Co., Inc. (BBY) Q3 2023 Earnings Call Transcript

Apple

Apple Inc's high-end iPhones will be in short supply at stores this holiday season, Best Buy Co Inc's chief executive said on Tuesday, as the tech giant grapples with production issues at a virus-blighted plant in China.

Apple's Pro iPhones will be harder to find in stores this holiday -Best Buy

Strong share-price gains suggest a resilient consumer.

2 More Retail Stocks Point to Happy Holidays Ahead

Best Buy (BBY) delivered earnings and revenue surprises of 33.98% and 2.59%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Best Buy (BBY) Surpasses Q3 Earnings and Revenue Estimates

Best Buy (NYSE: BBY ) stock rose 8% overnight after reporting earnings that pleased analysts. Best Buy earned $277 million, $1.22 per share fully diluted, on revenue of $10.587 billion for the quarter ending in October.

Why Is Best Buy (BBY) Stock Up Today?

The retailers posted mixed quarterly results but said sales wouldn't fall as much as expected.

Best Buy, Dick's Ease Fears About Holiday Spending

Consumer electronics retailer Best Buy on Tuesday beat expectations for its fiscal third quarter. BBY stock jumped on the news.

Best Buy Stock Jumps As Electronics Retailer Beats Third-Quarter Goals

Shares of Best Buy Co. Inc. BBY, -1.69% surged 6.9% toward a two-month high in premarket trading Tuesday, after the consumer electronics and appliances retailer reported fiscal third-quarter results that beat expectations and raised its full-year outlook, as well as an improved inventory situation. Net income fell to $277 million, or $1.22 a share, from $499 million, or $2.00 a share, in the year-ago period.

Best Buy stock surges after profit, revenue and same-stores sales all beat expectations

Best Buy raised its full-year forecast to reflect its better-than-expected quarterly results.

Best Buy sticks to holiday-quarter outlook as electronics demand holds up

Over the last month, BBY shares have tacked on 10% in value, easily outpacing the S&P 500.

Best Buy Q3 Preview: Can Shares Remain Strong?

Coterra Energy

V.F.

Thanks to a terrible 2022, we have four dirt-cheap dividend payers dishing up to 9%.

Dividends In The Bargain Bin! 4 Cheap Yields Up To 9%

Deere & Company

SentinelOne

The three major U.S. equity indexes closed higher Friday. The Dow ended the day up 0.59%, the S&P 500 closed 0.48% higher, and the Nasdaq Composite closed up just 0.01%.

Earnings Previews: Best Buy, Deere, HP Inc., Nordstrom, SentinelOne

Dell Technologies

Zoom Video

The pandemic-fueled personal-computer boom has ended, so how will that affect demand and pricing for PCs and the retailers that sell them this holiday season?

The PC boom has gone bust, and we are about to see the results ahead of Black Friday

A tough operating landscape, including inflation and weak consumer demand might reflect on Best Buy's (BBY) third-quarter fiscal 2023 results.

News for Best Buy Stock (BBY)