Best Buy (BBY) Revenue — Quarter Ended Nov 2, 2024
Revenue for the quarter rose compared to the immediately preceding period, but declined relative to the same period one year earlier. The sequential increase reverses the prior quarter's downward trend, while the year-over-year decrease continues a pattern of negative comparisons.
Key takeaway
Quarter ended Nov 2, 2024 · FY2025 Q3
Revenue for the quarter rose compared to the immediately preceding period, but declined relative to the same period one year earlier. The sequential increase reverses the prior quarter's downward trend, while the year-over-year decrease continues a pattern of negative comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.4B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
-3.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$42.2B
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 |
|---|---|---|
| Feb 3, 2024 | $14.6B | -0.6% |
| May 4, 2024 | $8.8B | -6.5% |
| Aug 3, 2024 | $9.3B | -3.1% |
| Nov 2, 2024 | $9.4B | -3.2% |
Revenue performance
Revenue grew sequentially, marking a positive change from the previous quarter's decline.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue decreased.
What to watch
The upcoming fiscal fourth quarter, which includes the majority of the holiday shopping season, will be a critical period for revenue performance.