The chart above shows the revenue of Best Buy, A US based retail brand by product category from 2017 to 2023. Computing and cellphones is the largest product category of BestBuy based on net sales, followed by consumer electronics. The total domestic sales of Best Buy remained $42.8 billion in 2022 and international sales $3.5 billion.
Revenue of Best Buy by Product Category 2017-2023
Amounts are in $ million.
Fiscal 2023
Domestic
International
Computing and Mobile Phones
$18,191
$1,575
Consumer Electronics
$13,040
$1,054
Appliances
$6,381
$355
Entertainment
$2,786
$267
Services
$2,149
$183
Other
$247
$70
Total
$42,794
$3,504
Fiscal 2022
Domestic
International
Computing and Mobile Phones
$20,693
$1,785
Consumer Electronics
$15,009
$1,194
Appliances
$6,784
$383
Entertainment
$2,963
$312
Services
$2,190
$190
Other
$190
$67
Total
$47,830
$3,931
Fiscal 2021
Domestic
International
Computing and Mobile Phones
$ 19,799
$ 1,854
Consumer Electronics
$13,022
$1,189
Appliances
$5,489
$384
Entertainment
$2,769
$310
Services
$2,082
$170
Other
$132
$62
Total
$43,293
$3,969
(Fiscal 2020)
Domestic
International
Computing and Mobile Phones
$ 17,819
$ 1,580
Consumer Electronics
$13,129
$1,163
Appliances
$4,493
$317
Entertainment
$2,388
$209
Services
$2,126
$199
Other
$159
$56
Total
$40,114
$3,524
(Year 2019)
Domestic
International
Computing and Mobile Phones
$ 17,439
$ 1,625
Consumer Electronics
$12,959
$1,103
Appliances
$4,020
$324
Entertainment
$2,952
$258
Services
$1,783
$184
Other
$151
$81
Total
$39,304
$3,575
(Year 2018)
Domestic
International
Computing and Mobile Phones
$ 17,386
$ 1,612
Consumer Electronics
$12,841
$1,102
Appliances
$3,717
$273
Entertainment
$2,905
$254
Services
$1,674
$174
Other
$139
$74
Total
$38,662
$3,489
(Year 2017)
Domestic
International
Computing and Mobile Phones
$16,397
$1,515
Consumer Electronics
$ 12,228
$ 974
Appliances
$ 3,253
$ 184
Entertainment
$ 2,570
$ 221
Services
$ 1,649
$ 207
Other
$ 151
$ 54
Total
$36,248
$ 3,155
About Best Buy :
Best Buy is among the leading retail brands in the United States. The company was incorporated in the state of Minnesota in 1966. Its business is divided into two segments that include domestic and international. The domestic segment is the US segment of Best Buy’s business. The international segment included Canada and Mexico. However, the company exited its Mexico business in the third quarter of 2021. At the end of 2021, the company had 1,126 large store format and 33 small format stores including its domestic and international segment. The company offers merchandise and services in six main revenue categories (included above in the table).
The company’s net revenues in fiscal 2021 reached $47,262 million from $43,638 million in fiscal 2020. Its net earnings were $1,798 million in 2021 compared to $1,541 million in 2020. At the end of fiscal 2021, the company employed 102,000 people. (Fiscal year at Best Buy ends in the first month of the year like Walmart.)