Best Buy (BBY) Revenue — Quarter Ended Aug 3, 2024
Revenue for the quarter increased compared with the prior quarter but decreased from the same quarter a year earlier. The sequential improvement contrasted with the annual decline, reflecting mixed performance.
Key takeaway
Quarter ended Aug 3, 2024 · FY2025 Q2
Revenue for the quarter increased compared with the prior quarter but decreased from the same quarter a year earlier. The sequential improvement contrasted with the annual decline, reflecting mixed performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.3B
Revenue reported for this quarter.
Quarter-over-quarter
+5.0%
Change from the immediately preceding quarter.
Year-over-year
-3.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$42.5B
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 |
|---|---|---|
| Oct 28, 2023 | $9.8B | -7.8% |
| Feb 3, 2024 | $14.6B | -0.6% |
| May 4, 2024 | $8.8B | -6.5% |
| Aug 3, 2024 | $9.3B | -3.1% |
Revenue performance
Revenue rose from the prior quarter but fell from the same quarter a year earlier.
Quarterly comparison
Compared with the immediately preceding quarter, revenue increased; versus the same quarter one year ago, revenue decreased.
What to watch
The year-over-year decline, despite sequential growth, may be noteworthy given the company's seasonal revenue concentration in the fourth quarter.