Best Buy (BBY) Revenue — Quarter Ended Jan 28, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue decreased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jan 28, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue decreased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.7B
Revenue reported for this quarter.
Quarter-over-quarter
+39.2%
Change from the immediately preceding quarter.
Year-over-year
-10.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$46.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 30, 2022 | $10.6B | -8.5% |
| Jul 30, 2022 | $10.3B | -12.8% |
| Oct 29, 2022 | $10.6B | -11.1% |
| Jan 28, 2023 | $14.7B | -10.0% |
Revenue performance
The reported revenue direction is upward relative to the prior quarter, reversing the sequential declines seen earlier in the fiscal year. Despite the quarterly rebound, the year-over-year comparison shows a decline, consistent with the negative annual trend across all prior quarters of the fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue decreased.
What to watch
Monitor whether the year-over-year revenue decline trend continues or further moderates in future quarters.