Best Buy (BBY) Revenue — Quarter Ended May 4, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease versus the preceding quarter was substantially larger than the year-over-year decline.
Key takeaway
Quarter ended May 4, 2024 · FY2025 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter a year ago. The decrease versus the preceding quarter was substantially larger than the year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.8B
Revenue reported for this quarter.
Quarter-over-quarter
-39.6%
Change from the immediately preceding quarter.
Year-over-year
-6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$42.8B
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 |
|---|---|---|
| Jul 29, 2023 | $9.6B | -7.2% |
| Oct 28, 2023 | $9.8B | -7.8% |
| Feb 3, 2024 | $14.6B | -0.6% |
| May 4, 2024 | $8.8B | -6.5% |
Revenue performance
The reported revenue direction was downward, reflecting a contraction from the prior quarter and from the year-ago period.
Quarterly comparison
Revenue decreased compared to the immediately preceding quarter and also when compared to the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year change.
What to watch
The sequential revenue decline warrants monitoring, particularly given the seasonal nature of the business and the substantial drop from the prior quarter.