Best Buy (BBY) Revenue — Quarter Ended Oct 28, 2023
Revenue for the quarter increased from the immediately preceding period but declined compared to the same quarter one year earlier. This marks a sequential improvement after several consecutive quarters of year-over-year decreases.
Key takeaway
Quarter ended Oct 28, 2023 · FY2024 Q3
Revenue for the quarter increased from the immediately preceding period but declined compared to the same quarter one year earlier. This marks a sequential improvement after several consecutive quarters of year-over-year decreases.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.8B
Revenue reported for this quarter.
Quarter-over-quarter
+1.8%
Change from the immediately preceding quarter.
Year-over-year
-7.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$43.5B
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 |
|---|---|---|
| Jan 28, 2023 | $14.7B | -10.0% |
| Apr 29, 2023 | $9.5B | -11.1% |
| Jul 29, 2023 | $9.6B | -7.2% |
| Oct 28, 2023 | $9.8B | -7.8% |
Revenue performance
Revenue moved higher than the prior quarter, reflecting a positive sequential change. However, the top line remained below the level reported in the same period a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue increased. Versus the same quarter one year earlier, revenue declined.
What to watch
Monitor whether the sequential revenue improvement can be sustained in upcoming quarters.