Best Buy (BBY) 10-K Summary — Year Ended Jan 28, 2023
The filing covers Best Buy's most recent fiscal year, during which revenue decreased from the prior year. Cash and cash equivalents fell due to share repurchases, capital expenditures, and dividends, offset by operating cash flows.
Key takeaway
Year ended Jan 28, 2023 · FY2025 10-K
The filing covers Best Buy's most recent fiscal year, during which revenue decreased from the prior year. Cash and cash equivalents fell due to share repurchases, capital expenditures, and dividends, offset by operating cash flows.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$46.3B
Revenue reported for the fiscal year.
Operating income
$1.8B
Income from operations reported for the year.
Net income
$1.4B
Net income reported for the year.
Operating cash flow
$1.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 29, 2022 | $51.8B | n/a |
| Jan 28, 2023 | $46.3B | -10.6% |
Business overview
The specific business description is not included in the supplied filing context. The company is identified as Best Buy Co., Inc., but no further details are available from the provided data.
Financial performance
Revenue declined compared to the prior year. Operating income and net income were reported, along with operating cash flow.
Material risks
The filing references risk factors but does not provide the actual risk descriptions in the supplied context. Therefore, no specific material risks can be identified from the given data.
Liquidity and capital
The company maintains a disciplined capital allocation approach, with cash used for share repurchases, capital expenditures, and dividends. Cash and cash equivalents decreased, supported by positive operating cash flows.
What to watch
Readers should monitor the company's share repurchase activity and the remaining authorization under its buyback program.