Paying user area
Try for free
Best Buy Co. Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Best Buy Co. Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Revenues as Reported
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.