BBY Q1 2023 Earnings — Best Buy Co., Inc. Revenue & Financial Results | Market Cap Arena

BBYBest Buy Co., Inc.

$14B

Q1 2023 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$10.6B-8.5% YoY

Gross Profit

$2.4B22.1% margin

Operating Income

$462M4.3% margin

Net Income

$341M3.2% margin

EPS (Diluted)

$1.49

QoQ Revenue Growth

-34.9%

Cash Flow

Operating Cash Flow

-$1.4B

Free Cash Flow

-$1.6B

Stock-Based Comp.

$39M

Balance Sheet

Total Assets

$15.3B

Total Liabilities

$12.5B

Stockholders' Equity

$2.8B

Cash & Equivalents

$640M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$10.6B	$11.6B	-8.5%
Gross Profit	$2.4B	$2.7B	-12.5%
Operating Income	$462M	$721M	-35.9%
Net Income	$341M	$595M	-42.7%

Revenue Segments

Computing And Mobile Phones

$4.6B43%

Consumer Electronics

$3.1B29%

Appliances

$1.7B16%

Entertainment

$630M6%

Services

$543M5%

Other Segment

$75M1%

Geographic Segments

Domestic Segment

$9.9B93%

International Segment

$753M7%