BBY Q1 2024 Earnings — Best Buy Co., Inc. Revenue & Financial Results | Market Cap Arena

BBYBest Buy Co., Inc.

$14B

Q1 2024 Earnings

Consumer Cyclical Specialty Retail

Income Statement

Revenue

$9.5B-11.1% YoY

Gross Profit

$2.1B22.7% margin

Operating Income

$302M3.2% margin

Net Income

$244M2.6% margin

EPS (Diluted)

$1.11

QoQ Revenue Growth

-35.8%

Cash Flow

Operating Cash Flow

-$331M

Free Cash Flow

-$535M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$14.7B

Total Liabilities

$11.9B

Stockholders' Equity

$2.8B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9.5B	$10.6B	-11.1%
Gross Profit	$2.1B	$2.4B	-8.6%
Operating Income	$302M	$462M	-34.6%
Net Income	$244M	$341M	-28.4%

Revenue Segments

Computing And Mobile Phones

$4.0B42%

Consumer Electronics

$2.8B29%

Appliances

$1.4B15%

Entertainment

$651M7%

Services

$573M6%

Other Segment

$65M1%

Geographic Segments

Domestic Segment

$8.8B93%

International Segment

$666M7%