Best Buy (BBY) Revenue — Quarter Ended Feb 3, 2024
Revenue increased compared to the immediately preceding quarter, but was slightly lower than the same quarter one year earlier.
Key takeaway
Quarter ended Feb 3, 2024 · FY2024 Q4
Revenue increased compared to the immediately preceding quarter, but was slightly lower than the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$14.6B
Revenue reported for this quarter.
Quarter-over-quarter
+50.1%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
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 |
|---|---|---|
| Apr 29, 2023 | $9.5B | -11.1% |
| Jul 29, 2023 | $9.6B | -7.2% |
| Oct 28, 2023 | $9.8B | -7.8% |
| Feb 3, 2024 | $14.6B | -0.6% |
Revenue performance
The quarter's revenue was substantially higher than the prior quarter, reflecting a notable sequential improvement.
Quarterly comparison
Compared to the prior quarter, revenue rose; compared to the same quarter a year ago, revenue edged lower.
What to watch
Cash and cash equivalents decreased over the fiscal year, driven by dividend payments, capital expenditures, and share repurchases, partially offset by positive cash flows from operations.