Best Buy’s revenue from its domestic market declined by $5 billion in fiscal 2023 compared to the previous fiscal. Its net sales in the US in fiscal 2023 (ended March 2023) remained $42.8 billion compared to $47.8 billion in the previous fiscal.
Best Buy Net revenues from United States 2011-2023
Amounts are in $millions.
| Year | US Revenue ($mn) |
| 2023 | $42,794 |
| 2022 | $47,830 |
| 2021 | $43,293 |
| 2020 | $40,114 |
| 2019 | $ 39,304 |
| 2018 | $ 38,662 |
| 2017 | $ 36,248 |
| 2016 | $ 36,365 |
| 2015 | $ 36,055 |
| 2014 | $ 35,831 |
| 2013 | $ 33,222 |
| 2012 | $ 37,596 |
| 2011 | $ 37,070 |
In 2021, Best Buy generated $43,293 million from the US market compared to $40,114 million in fiscal 2020.
The revenue of Best Buy from the United States grew to $39.3 billion in 2019 from $38.7 billion in 2018.
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.)