Stock Analysis on Net

Best Buy Co. Inc. (NYSE:BBY)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 6, 2022.

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Best Buy Co. Inc., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Computing and Mobile Phones
Consumer Electronics
Appliances
Entertainment
Services
Other
Domestic revenue
Computing and Mobile Phones
Consumer Electronics
Appliances
Entertainment
Services
Other
International revenue
Revenue

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).


The revenue data exhibits several notable patterns across various business segments and geographies over the six-year period.

Computing and Mobile Phones
This segment shows consistent growth in domestic revenue, increasing from $16,397 million in 2017 to $20,693 million in 2022. The international revenue for this segment shows a modest increase with some fluctuation, peaking at $1,854 million in 2021 before slightly declining to $1,785 million in 2022.
Consumer Electronics
Domestic revenue in this category grew steadily from $12,228 million in 2017 to $15,009 million in 2022, except for a slight dip in 2021. The international segment remained relatively stable, increasing from $974 million to $1,194 million over the period, with minor annual variances.
Appliances
There is a pronounced upward trend in appliances revenue domestically, beginning at $3,253 million in 2017 and reaching $6,784 million by 2022, reflecting strong growth. International revenue also increased but at a slower pace, rising from $184 million to $383 million.
Entertainment
Domestic revenue for entertainment shows variability, with a peak in early years followed by a dip in 2020, then partial recovery to $2,963 million in 2022. International revenue is generally lower and more volatile, with a notable increase in 2021 and 2022 to above $300 million.
Services
Services revenue domestically exhibits a gradual upward trend from $1,649 million in 2017 to $2,190 million in 2022, though the international segment is minor and fluctuates without a clear trend.
Other
This category is relatively small but shows some growth domestically, especially in 2022, peaking at $191 million, while international revenue remains low and slightly increases over time.
Domestic Revenue
Overall domestic revenue has steadily increased, from $36,248 million in 2017 to $47,830 million in 2022, indicating solid growth across most product categories.
International Revenue
International revenue grew moderately from $3,155 million in 2017 to a peak of $3,969 million in 2021, followed by a slight decline to $3,931 million in 2022. The international segment remains much smaller compared to domestic revenue.
Total Revenue
Total revenue demonstrates a continuous upward trajectory, rising from $39,403 million in 2017 to $51,761 million in 2022. The growth reflects both expansions in domestic markets and moderate increases internationally.

In summary, the data indicates that domestic markets are the primary driver of revenue growth, with key contributions from the Computing and Mobile Phones, Consumer Electronics, and especially Appliances segments. International revenue, while growing, remains a smaller component of the overall revenue with some volatility. The total revenue growth over the period suggests successful market expansion and product category development.