Name: Best Buy Co. Inc. (NYSE:BBY) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Best Buy Co. Inc., income statement, revenues

US$ in millions

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	20,693)	19,799)	17,819)	17,439)	17,386)	16,397)
Consumer Electronics	15,009)	13,022)	13,129)	12,959)	12,841)	12,228)
Appliances	6,784)	5,489)	4,493)	4,020)	3,717)	3,253)
Entertainment	2,963)	2,769)	2,388)	2,952)	2,905)	2,570)
Services	2,190)	2,082)	2,126)	1,783)	1,674)	1,649)
Other	191)	132)	159)	151)	139)	151)
Domestic revenue	47,830)	43,293)	40,114)	39,304)	38,662)	36,248)
Computing and Mobile Phones	1,785)	1,854)	1,580)	1,625)	1,612)	1,515)
Consumer Electronics	1,194)	1,189)	1,163)	1,103)	1,102)	974)
Appliances	383)	384)	317)	324)	273)	184)
Entertainment	312)	310)	209)	258)	254)	221)
Services	190)	170)	199)	184)	174)	207)
Other	67)	62)	56)	81)	74)	54)
International revenue	3,931)	3,969)	3,524)	3,575)	3,489)	3,155)
Revenue	51,761)	47,262)	43,638)	42,879)	42,151)	39,403)

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).

Total revenue exhibited a consistent upward trajectory over the six-year period, increasing from 39,403 million US dollars in 2017 to 51,761 million US dollars in 2022. The most significant acceleration in growth occurred between 2020 and 2022, where revenue climbed from 43,638 million US dollars to 51,761 million US dollars, representing a marked increase in total sales volume.

Domestic Revenue Analysis: Domestic operations served as the primary driver of growth, rising from 36,248 million US dollars in 2017 to 47,830 million US dollars in 2022. The Computing and Mobile Phones segment remained the largest contributor to domestic sales, growing from 16,397 million US dollars to 20,693 million US dollars. Consumer Electronics also showed steady gains, reaching 15,009 million US dollars by 2022.
High-Growth Domestic Categories: The Appliances segment demonstrated the most aggressive expansion within the domestic market, with revenue more than doubling from 3,253 million US dollars in 2017 to 6,784 million US dollars in 2022. This represents a substantial shift in the revenue mix toward home appliances. Services revenue followed a positive trend, increasing from 1,649 million US dollars to 2,190 million US dollars over the same period.
International Revenue Performance: International revenue grew at a more moderate pace compared to domestic sales, moving from 3,155 million US dollars in 2017 to 3,931 million US dollars in 2022. While there was a peak in 2021 at 3,969 million US dollars, the growth was less volatile and slower than that of the domestic market. The Computing and Mobile Phones segment remained the dominant international category, though it experienced a slight decline between 2021 and 2022.
Segment Volatility: The Entertainment category showed the most fluctuation in domestic revenue, peaking at 2,952 million US dollars in 2019 before dipping to 2,388 million US dollars in 2020, and subsequently recovering to 2,963 million US dollars by 2022. Other revenue streams remained relatively marginal and stable, contributing a small fraction of the overall revenue total across all years.

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