FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Consumer electronics, consists of video and audio products. I would like to share and discuss four reasons that support this. Best Buy Co Inc saw improvement in Revenue growth trend, posting cumulative 12 months Revenue growth of 5.27% year on year, to $ 45,521 millions if the fiscal year would have ended in Oct 31 2020. On a year-over-year basis, Best Buy earnings rose 19% while revenue climbed 2%. It was formerly operational in China until February 2011 and in Europe until 2012. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Best Buy is updating its full-year FY20 financial outlook to the following: Enterprise revenue of $43.2 billion to $43.6 billion, which compares to prior guidance of $43.1 billion to $43.6 billion Enterprise comparable sales growth of 1.0% to 2.0%, which compares to prior guidance of 0.7% to 1.7% At our Investor Day last September, we set the following long-term financial targets: • Enterprise revenue of $43.0 billion versus $39.4 billion in fiscal 2017, which was the last year … That’s a 17.4% increase over the same period last year, when it generated $1.21 billion online or 14.0% of its total U.S. revenue. By using this site you agree to the Best Buy hopes to grow its revenue to $50 billion by fiscal 2025, compared to its fiscal 2020 guidance of $43.1 billion to $43.6 billion. *12-month growth rate is calculated with the quarterly per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. See Best Buy Co., Inc. (BBY) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. This browser is no longer supported at MarketWatch. Copyright © FactSet Research Systems Inc. All rights reserved. In many ways, fiscal 2017 was another positive and exciting milestone for Best Buy. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. From 1996-97, Best Buy opened nearly 95 stores as their popularity was growing. Cookie Notice. Best Buy Co Inc 's trailing twelve months Revenue growth was higher than company's average 4.84% and higher than 0.84% growth in Aug 01 2020. Intraday Data provided by FACTSET and subject to terms of use. Fiscal 2017 was the third year in a row that the company grew its Domestic comparable sales and non-GAAP operating income*. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. ... Best Buy Black Friday 2020 sales have some of the top deals this year. Copyright © 2020 MarketWatch, Inc. All rights reserved. The company’s revenue grew 2% year-over-year (y-o-y) to around $42.9 billion, largely driven by the growth in domestic sales, partially offset by the loss of revenue from 257 Best Buy … Intraday data delayed at least 15 minutes or per exchange requirements. BEST BUY CO., INC. REVENUE CATEGORY SUMMARY (Unaudited and subject to reclassification) Revenue Mix Comparable Sales Three Months Ended Three Months Ended. Video products include televisions, digital cameras, DVD players, digital camcorders and digital broadcast satellite systems. In depth view into Best Buy Revenue (Quarterly YoY Growth) including historical data from 1985, charts, stats and industry comps. Historical and current end-of-day data provided by FACTSET. Best Buy shares closed Tuesday down nearly 7% to $113.54. Best Buy is providing the following full-year FY20 financial outlook: Enterprise revenue of $42.9 billion to $43.9 billion Enterprise comparable sales growth of 0.5% to 2.5% View the latest BBY financial statements, income statements and financial ratios. 5-year and 10-year growth rates are calculated with least-square regression based on the 6-year and 11-year annual numbers. On the revenue front, Best Buy narrowed its guidance range while reducing the high end. Source: Kantar Media, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Data may be intentionally delayed pursuant to supplier requirements. Online sales of $2.30 billion, which Best Buy says is up 17.5% from a year ago. Best Buy raised its full-year profit outlook and now expects fiscal 2020 earnings in the range of $5.60 to $5.75 per share. By 1997 their revenue had touched $7 billion nearly double that of last year. View BBY financial statements in full. Internationally, it also operates in Canada and Mexico. All rights reserved. View real-time stock prices and stock quotes for a full financial overview. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Moderna starts shipping its COVID-19 vaccine in U.S. Apple Closes About 80 Stores Due To Rising Covid-19 Cases. For the best MarketWatch.com experience, please update to a modern browser. Best Buy Co., Inc. engages in the provision of consumer technology products and services. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. BBY | Complete Best Buy Co. Inc. stock news by MarketWatch. This year’s Fortune 500 marks the 66th running of the list. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. We delivered a strong financial performance. For fiscal 2020, Best Buy is still targeting revenue to fall within a range of $43.1 billion to $43.6 billion. There are currently no items in this Watchlist. Best Buy Co. Inc. balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. Privacy Notice, and Create a list of the investments you want to track. Best Buy went on to open multiple new stores in almost every city in the United States. 1. That implies a … Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Extraordinaries & Discontinued Operations, Trump considering conspiracy theorist Sidney Powell as special counsel, Many Americans aren’t heeding warnings about staying home for holidays, EU-U.K. trade talks floundering over fish as cutoff day nears, Biden aide says prime suspect Russia will be punished for cyberattack, People over 75, essential workers next in line for vaccine, panel says, Here’s how a dispute over the Fed’s emergency powers almost sank the stimulus package, Stimulus Deal Close as CDC Panel Updates Vaccine Recommendations, Bans on U.K. travelers begin in some parts of Europe, amid highly infectious COVID-19 strain. Best Buy's revenue in the United States has been increasing over the highlighted period, growing from around 34 billion U.S. dollars in 2012 to over 40 billion U.S. dollars in 2020. Best Buy Co. Inc. Best Buy Co., Inc. is a U.S transnational consumer electronics corporation headquartered in Richfield, Minnesota, a Minneapolis suburb. Source: FactSet. For the current quarter, Best Buy expects to earn an adjusted $1.03 a share on revenue of $9.7 billion. Annual stock financials by MarketWatch. Domestic Segment. Computing and Mobile Phones 47 % 44 % 11.7 % 0.6 % Consumer Electronics 29 Data are provided 'as is' for informational purposes only and are not intended for trading purposes. International stock quotes are delayed as per exchange requirements. ... Digital orders accounted for nearly 20% of the company’s $43.6 billion in revenue last year. Our guidance ranges for both Q1 and the full year reflect our best estimates of the impacts at this time.” 1 The following information was filed by Best Buy Co Inc (BBY) on Thursday, February 27, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. In depth view into Best Buy Revenue (5 Year Growth) including historical data from 1985, charts, stats and industry comps. Best Buy Co., Inc. (NYSE: BBY) today announced results for the 13-week fourth quarter (“Q4 FY13”) and 53-week fiscal year ended February 2, 2013 (“FY1 Have Watchlists? The revenue decrease was largely due to the extra week of revenue totaling approximately $715 million in the fourth quarter of last year. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. We delivered the topline Find out the revenue, expenses and profit or loss over the last fiscal year. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. August 1, 2020 August 3, 2019 August 1, 2020 August 3, 2019. Best Buy is updating its full-year FY20 financial outlook to the following: Enterprise revenue of $43.1 billion to $43.6 billion, which compares to prior guidance of $42.9 billion to $43.9 billion Enterprise comparable sales growth of 0.7% to 1.7%, which compares to prior guidance of 0.5% to 2.5% Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. The company was founded by Richard M. Schulze and Gary Smoliak in 1966 as an audio specialty store. Next reporting date: March 3, 2021: EPS forecast (this quarter) $3.44: Annual revenue (last year) $43.6B: Annual profit (last year) $1.5B: Net profit margin Something went wrong while loading Watchlist. Visit a quote page and your recently viewed tickers will be displayed here. U.S. Best Buy U.S. Best Buy stores offer merchandise in four product categories: consumer electronics, home office, entertainment software and appliances. Its stock has gained about 29% so far this year, bringing the company's market value to … It also included the loss of revenue from 257 Best Buy Mobile and 12 large format store closures in the past year. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Fundamental company data and analyst estimates provided by FactSet. Subscriber Agreement & Terms of Use, Log in to see them here or sign up to get started. Electronics retailer Best Buy Co. Inc. generated $1.42 billion in U.S. online sales during the second quarter of its fiscal year 2020 ended Aug. 3, which represents 16.1% of its overall revenue. All quotes are in local exchange time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Get the detailed quarterly/annual income statement for Best Buy Co., Inc. (BBY). We believe our Best Buy 2020 strategy has the potential to drive meaningful shareholder value creation. The company now sees full-year revenue between $43.1 billion and … For the three months ending Jan. 28, Best Buy reported: Total revenue of $13.48 billion, down 1.0% from $13.62 billion the same period a year ago. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. Best Buy Co. 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