Revenue segments as reported by the company.

Domestic segment

International segment

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Restructuring charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Best Buy

MegaPath is a business telecommunications company, founded in 1996, that provides a Voice, Unified Communications, Internet Access, Managed Security Services, and Cloud Computing services to carrier and service-provider businesses in the United States.

MegaPath

Pacific Sales is a wholly owned subsidiary of Best Buy. They were originally opened with one store in Torrance, California. They offer high to mid range appliances as well as an assortment of home electronics and other home improvement products. When the company was purchased by Best Buy in 2006, the decision was made to keep the brand and company intact, unlike other companies such as Magnolia who was absorbed into the Best Buy brand. Since then, the company has opened over 35 stores in California, Nevada and Arizona, and had opened stores within existing Best Buy stores in Texas and Hawaii as well as California, Nevada and Arizona to offer higher end appliances than are currently available in Best Buy.

Pacific Sales

Geek Squad is a subsidiary of American multinational consumer electronics corporation Best Buy, headquartered in Richfield, Minnesota. The subsidiary was originally an independent company founded by "Chief Inspector" Robert Stephens on June 16, 1994, and offers various computer-related services and accessories for residential and commercial clients. In 2002, they merged with Best Buy, retaining Stephens as the primary corporate leadership for the subsidiary. The Geek Squad provides services in-store, on-site, and over the Internet via remote access, and also provides 24-hour telephone and emergency on-site support. Geek Squad no longer works solely on computer-related devices. It now diagnoses issues in and repairs all consumer electronics, as well as appliances, continually expanding its services to keep pace with ever-changing technology.

Geek Squad

Best Buy Co., Inc. engages in the provision of consumer technology products and services. It operates through two business segments: Domestic and International. The Domestic segment includes operations in all states, districts, and territories of the U.S., operating under various brand names, including Best Buy, Best Buy Mobile, Geek Squad, Magnolia Audio Video, Napster, and Pacific Sales. The International segment is made up of all operations outside the U.S. and its territories, including Canada, Europe, China, Mexico, and Turkey. It also markets its products under the brand names: Best Buy, bestbuy.com, Best Buy Direct, Best Buy Express, Best Buy Mobile, Geek Squad, GreatCall, Magnolia and Pacific Kitchen and Home. The company was founded by Richard M. Schulze in 1966 and is headquartered in Richfield, MN.

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Best Buy Q1 Sales Meet Expectations Amid Intense Promotional Environment

Best Buy's Q1 performance met expectations, but challenges in the promotional environment impacted profitability. The company is revamping its membership program to drive continued profit rate expansion and is optimistic about industry growth in 2024.

Best Buy surpasses Q2 expectations, eyes growth amid industry challenges

Best Buy's Q2 performance exceeded expectations, driven by strategic management of promotional plans and a strong membership program. The company is investing in employee development and technology to enhance customer experiences. While facing industry challenges and inflationary pressures, Best Buy is well-positioned to capitalize on potential growth in the consumer electronics industry and explore new service opportunities.

Best Buy reports Q3 decline but sees opportunities in innovation

Best Buy faced a decline in comparable sales but improved its gross profit rate. The company's membership program and store portfolio management are driving improved profitability. While challenges in comparable sales and gross profit rate persist, Best Buy sees opportunities in innovation, growth initiatives, and supply chain enhancements.

Best Buy reports solid Q4 performance, eyes growth opportunities

Best Buy navigated Q4 with solid sales and profitability, focusing on key shopping periods and strategic initiatives for growth.
Despite challenges in the consumer electronics industry, the company is poised to capitalize on industry growth opportunities in 2024.
Efforts to enhance membership programs, drive innovation through vendor partnerships, and optimize cost structures position Best Buy for success.
Continued monitoring of consumer behavior and adaptation to macroeconomic factors will be crucial for Best Buy's performance in 2023.

Best Buy maintains profitability amidst sales challenges, eyes industry growth

Best Buy navigated Q1 challenges with a focus on profitability, digital sales, and inventory management, positioning for comp performance improvement.
The company's strengths lie in its commitment to diversity, efficiency improvements, B2B growth, and employee engagement, while facing promotional pressures and sales challenges.
Opportunities for growth include industry stabilization, rebounding from challenges through innovation, and optimizing ROIC through strategic investments.
Overall, Best Buy's strategic focus on profitability, efficiency, and growth avenues sets a positive trajectory amidst industry dynamics and macroeconomic pressures.

Best Buy beats Q2 expectations, eyes tech upgrade cycle growth

Best Buy remains optimistic about future opportunities and growth through existing and emerging technologies.
Confidence in market position with maintained or increased share in established categories and strategic partnerships.
Customer engagement through membership tiers aims to drive increased share of wallet and repeat business in consumer electronics.

Best Buy reports Q3 operational strength amidst sales challenges

Best Buy's Q3 performance showcased operational strength amidst industry challenges. The company's membership program success and strategic promotional plans are key strengths. Challenges include softer consumer demand and inflation pressures, while opportunities lie in enhancing omnichannel capabilities and driving innovation.
Despite a Q3 sales decline, Best Buy is strategically positioned for growth with a focus on customer experience enhancements and store format optimizations. The company's competitive success is driven by differentiated services and strong vendor partnerships. Best Buy's financial outlook remains stable with a focus on profitability and operational efficiency.

Best Buy beats profit expectations, eyes growth through innovation

Best Buy's Q4 performance was strong, with profitability exceeding expectations despite a decline in comparable sales. The company's focus on customer experiences, operational efficiency, and revenue diversification sets the stage for future growth. Challenges lie in managing expenses and navigating a competitive landscape, while opportunities exist in revenue streams and seamless customer experiences.

Best Buy beats Q1 profit expectations, focuses on AI growth

Best Buy's Q1 performance exceeded expectations with a focus on profitability and strategic growth despite a decline in comparable sales.
The company's strengths lie in membership program growth, successful product launches, and AI implementation for enhanced customer experiences.
Challenges include revenue declines in certain product categories, increased promotionality impacting margins, and the need for continued innovation.
Opportunities include the debut of AI PCs, enhancing customer experiences through AI, and exploring partnerships for growth and operational efficiency.

Best Buy beats Q2 expectations, focuses on customer experience innovation

Best Buy delivered better-than-expected results in Q2, driven by strong performance in key categories and cost management. Despite challenges in certain segments, the company remains focused on enhancing customer experiences and operational efficiency. With a strategic outlook on innovation and customer engagement, Best Buy aims to navigate market challenges and drive future growth.

Best Buy meets Q3 expectations amidst sales challenges and innovations

Best Buy's Q3 performance met expectations despite challenges, with a focus on online sales and operational efficiency.
The company's strengths include low turnover rates, strong holiday season positioning, and proactive tariff management.
Challenges include declining comparable sales and the need to adapt to changing market dynamics, while opportunities lie in innovative growth strategies.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Best Buy Co shares slipped 3.0% in pre-market trading after the retailer cut full-year guidance as a fall in the sales of appliances led to softer-than-expected third quarter sales.  The Richfield, Minnesota-based consumer electronics retailer now expects fourth quarter comparable sales to decline in the range of 3.0% to 7.0%, with full-year revenue expected between $43.1 billion to $43.7 billion, compared to prior guidance of $43.8 billion to $44.5 billion.

Best Buy cuts guidance on softer-than-expected third quarter sales

Best Buy beat Wall Street's earnings expectations, but cut is full-year sales outlook as it prepares for cost-conscious holiday shoppers.

Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Best Buy Co. Inc.'s stock BBY fell 2.4% in premarket trade Tuesday, after the electronics retailer posted weaker-than-expected third-quarter revenue and lowered guidance to reflect a choppy and uncertain environment. The company had net income of $263 million, or $1.21 a share, for the quarter, down from $277 million, or $1.22 a share, in the year-earlier period.

Best Buy's stock slides premarket after revenue miss and as retailer lowers guidance

Options bulls have their eyes set on Best Buy Co Inc (NYSE:BBY) ahead of the retailer's third-quarter earnings report, due before tomorrow's open.

Why Bulls Are Placing Bets on Best Buy Stock

We expect the retailer's stock to increase post-fiscal Q3 with revenues and earnings beating estimates slightly.

Down 15% This Year, Where Is Best Buy Stock Headed Post Q3?

Abercrombie & Fitch

Dick's Sporting Goods

Nordstrom

NVIDIA

We're flattish this morning, with indices seesawing on either side of the zero balance.

Holiday-Shortened Week Starting Mixed

Affirm

Amazon

Goldman Sachs

Shopify

Block

The 2023 holiday shopping season has arrived, and more consumers will be doing their shopping online. While nearly every store now has an online presence with omnichannel capabilities, certain stocks can benefit directly from e-commerce activity during this season.

Here's your e-commerce stock bundle for the holidays

Best Buy's 5% dividend yield makes this a tempting buy for income. However, I would not recommend starting a position here. The company's slow adaptation to the changing economy and insufficient store closures put it at risk of profit loss. Best Buy has no standout shopping experiences and will ultimately continue to lose market share to competitors.

Best Buy: The 5% Dividend Is Not Worth The Risk

Beyond analysts' top -and-bottom-line estimates for Best Buy (BBY), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2023.

Exploring Analyst Estimates for Best Buy (BBY) Q3 Earnings, Beyond Revenue and EPS

Best Buy Co Inc (NYSE:BBY) expects to report a drop in sales for the third quarter as demand weakness for consumer electronics due to inflationary pressures continues to weigh on the retailer.   It expects to report a slight quarter-over-quarter improvement in its sales from negative 6.2% in 2Q.

Best Buy expected to report another drop in quarterly sales for 3Q

Ford Motor Company

Many on the Street have incorrectly believed the Federal Reserve was extremely hawkish and tremendously dedicated to its 2% inflation target. A huge number of investors also inaccurately thought that inflation would be extremely “sticky” and impossible to bring down without causing a recession.

3 Compelling Cheap Stocks to Buy Heading Into Year-End

The following research was contributed to by Christine Short, VP of Research at Wall Street Horizon. Watch what I do, not what I say.

Will Shrink Strike Again? DICK'S and Best Buy Highlight Week 2 of Retail Earnings

Pfizer

Walgreens

Marketbeat's stock screening tools are a wealth of investment ideas, including the 52-week low list. Stocks trading at 52-week lows often provide oversold value ready to spring back, given the right catalysts.

4 high yields near 52-week lows worth looking at

Subscribers to our new  In-the-Money Countdown (ITMC ) service scored a 101% profit in just three trading sessions with our Best Buy Co Inc (NYSE:BBY) weekly 11/10 70-strike put.

Options Traders Scored a Profit With This Best Buy Trade

MINNEAPOLIS & BOSTON--(BUSINESS WIRE)--Best Buy Health and Mass General Brigham are collaborating to support a new model of healthcare delivery that serves patients where they want to be — at home. Together, they will develop solutions to support the transformational movement of shifting healthcare to patients' homes by improving how quality and safe care are provided with technology and clinical expertise. Their first priority is to scale and support Mass General Brigham's Home Hospital. This.

Best Buy Health and Mass General Brigham collaborate to meet patients' growing Healthcare at Home needs

This collaboration will leverage cutting edge technology to expand healthcare services at home.

Best Buy Health & Mass General Strike Landmark Partnership To Expand Healthcare At Home

Kronos Worldwide

Verizon

Dividend stocks can provide steady cash flow for long-term investors. These corporations often distribute cash to investors every quarter so they can reinvest into more shares.

3 Dividend Stocks That Are at Risk of Cutting Their Dividends

FaZe Holdings Inc

LIMITED-EDITION COLLECTION FEATURES CUSTOM HEADSET, KEYBOARD,  MOUSE & MOUSEPAD AVAILABLE EXCLUSIVELY AT SELECT BEST BUY RETAIL LOCATIONS & BESTBUY.COM Download hi-res images HERE . LOS ANGELES , Nov. 6, 2023 /PRNewswire/ -- Today, FaZe Holdings, Inc. (FaZe Clan), one of the most prominent and influential gaming organizations in the world, and SteelSeries , the worldwide leader in gaming and esports peripherals, announced they will be launching a new line of FaZe Clan x SteelSeries co-branded gaming products, now available exclusively at Best Buy retail locations across North America and BestBuy.com.

FAZE CLAN AND STEELSERIES LAUNCH CO-BRANDED GAMING GEAR AS PART OF MULTI-YEAR PARTNERSHIP

Bank of America

Blackrock Inc

Discover

Morgan Stanley

Pioneer Natural Resources

Skyworks Solutions

Truist Financial

Texas Instruments

The market slide continues in October with the SPDR S&P 500 Trust ETF dropping by 2.17%, marking three consecutive months of losses for the fund. The top 10 stocks on the watchlist for November 2023 offer a 4.58% dividend yield, more than double the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 8.20% since its inception in November 2020.

My Top 10 High Yield Dividend Stocks For November 2023

Best Buy (BBY) is expected to benefit from its store fleet optimization, lucrative membership program, growth investments and shareholder-friendly policies.

Reasons Why Best Buy (BBY) Should be in Your Portfolio Now

Home Depot

Simon Property Group

Not every stock is a winner, and exiting positions before they get worse can shield you from losses. Granted, you shouldn't exit a stock just because of short-term headwinds that 5-10 years can fix.

Time to Sell: These 3 Stocks May Plunge Ahead of 2024

AT&T

Triplepoint Venture Growth BDC

Interest rates are soaring, the economy faces many challenges and the Federal Reserve remains aggressive in its campaign to stamp out inflation. Amid this uncertainty, investors are turning to dividend stocks for solid income during these worrisome times.

3 Dividend Stocks to Avoid at All Costs: October 2023

Citi Trends

Ulta Beauty

As circumstances sit right now, the concept of high-risk, high-reward retail stocks likely favors the bears more so than the contrarian bulls. Let's be real: while the Federal Reserve has attacked inflation with aggressive interest rate hikes, consumer prices remain stubbornly high.

3 Risky Retail Stock Bets That Could Pay Off Big Time

SAN FRANCISCO--(BUSINESS WIRE)--ŌURA, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, today announced its expansion to the Canadian retail market in continued partnership with Best Buy. This marks another milestone for ŌURA's business and a big step forward in bringing the brand to more people worldwide. In April 2023, ŌURA's launch into Best Buy marked the brand's first large-scale retail endeavor in the United States. Now, Oura Ring will.

ŌURA Expands Retail Footprint into Canada with Best Buy Partnership

Goldman analyst Kate McShane upgraded shares of consumer-electronics retailer Best Buy to Buy, and lifted the target price to $85 from $79.

News for Best Buy Stock (BBY)