Summary
Best Buy Co. is a leading retailer of consumer electronics, with FY23 sales of $46.3 billion, down from $51.8 billion in FY22. Approximately 8% of revenue is from international operations. The Minneapolis-based company ended FY23 with 978 stores in the U.S., which average about 40,000 square feet. The International segment ended FY22 with 160 stores. Total square footage is about 41 million, down from 50 million in FY11. In the Domestic segment, Consumer Electronics generated about 33% of FY23 revenue; Computing and Mobile, 41%; Entertainment, 9%; Services, 5%; and Appliances, 12%. The company’s fiscal year ends on the Saturday closest to the end of January. FY24 is a 53-week year.
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Source: finance.yahoo.com