How much profit has Best Buy Co made this year?
Best Buy Co has made 1.24 B USD this year.
Best Buy Co Net Income 2024
Best Buy Co Net Income
1.24 B USD
Best Buy Co Dividend yield
1.31 %
Ticker
BBY
ISIN
US0865161014
WKN
873629
In 2024, Best Buy Co's profit amounted to 1.24 B USD, a -12.54% increase from the 1.42 B USD profit recorded in the previous year.
The Best Buy Co Net Income history
| YEAR | NET INCOME (undefined USD) |
|---|---|
| 2030e | - |
| 2029e | 2.54 |
| 2028e | 2.08 |
| 2027e | 1.67 |
| 2027e | 1.68 |
| 2026e | 1.46 |
| 2026e | 1.47 |
| 2025e | 1.32 |
| 2024 | 1.24 |
| 2023 | 1.42 |
| 2022 | 2.45 |
| 2021 | 1.8 |
| 2020 | 1.54 |
| 2019 | 1.46 |
| 2018 | 1 |
| 2017 | 1.23 |
| 2016 | 0.9 |
| 2015 | 1.23 |
| 2014 | 0.53 |
| 2013 | -0.44 |
| 2012 | -1.23 |
| 2011 | 1.28 |
| 2010 | 1.32 |
| 2009 | 1 |
| 2008 | 1.41 |
| 2007 | 1.38 |
| 2006 | 1.14 |
| 2005 | 0.98 |
Best Buy Co Aktienanalyse
What does Best Buy Co do?
Best Buy Co. Inc. is a multinational retailer of consumer electronics, computers, and household appliances headquartered in Richfield, Minnesota, USA. The company was founded in 1966 by Richard M. Schulze and his business partners under the name Sound of Music. Initially, the company specialized in selling audio products and had only one store in St. Paul, Minnesota. In 1983, Schulze renamed the company to Best Buy and opened the first Best Buy Superstore in Burnsville, Minnesota. The Superstore offered a wide selection of electronics products at affordable prices, which quickly proved to be a successful formula. In the 1990s, Best Buy expanded throughout the United States and also opened stores in Canada and Mexico. Today, Best Buy is one of the largest retailers of electronics worldwide. Best Buy's business model is based on selling electronics products and services in large retail stores. Best Buy offers a wide range of products, including computers, tablets, smartphones, TVs, household appliances, cameras, video games, and more. Additionally, the company also provides services such as repairs, installations, and maintenance services for the products sold. Best Buy is divided into various business segments, all of which contribute to making the company profitable. The largest division is the Consumer Electronics Group, which is primarily responsible for the sale of electronics products such as TVs, audio devices, computer hardware, and consumer goods such as smartphones and tablets. The Home Appliances Group focuses on the sale of household appliances such as refrigerators, ovens, washing machines, and dryers. The Entertainment Group sells video games, music, and movies. Best Buy also has a digital division that deals with the online sale of products and services. An important feature of the Best Buy business model is its commitment to customer service. In recent years, Best Buy has invested in training and employee development to ensure that its staff can assist customers in selecting, purchasing, and using the products. The company has also built an online community that allows customers to exchange ideas and provide feedback. In addition to selling electronics products, Best Buy also carries a range of private label brands. These include Insignia and Rocketfish, which offer electronics products such as TVs, speakers, and phone cases. Furthermore, the company also offers its own brands for computers and household appliances, including Dynex and Amana. Overall, Best Buy has undergone an impressive development in recent decades. The company has evolved from a small audio store in Minnesota to become one of the largest retailers of consumer electronics globally. Despite increasing competition from online retailers and discount stores, Best Buy has been able to remain competitive and strengthen its presence in both the retail business and the online community. Best Buy Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.Net Income Details
Understanding Best Buy Co's Profit Margins
The profit margins of Best Buy Co represent the net income earned after deducting all operational expenses, costs, and taxes from the revenue. This figure is a clear indicator of Best Buy Co's financial health, operational efficiency, and profitability. Higher profit margins signify better cost management and income generation capabilities.
Year-to-Year Comparison
Evaluating Best Buy Co's profit on a yearly basis can offer significant insights into its financial growth, stability, and trends. A consistent increase in profit suggests improved operational efficiency, cost management, or increased revenue, while a decrease may indicate rising costs, declining sales, or operational challenges.
Impact on Investments
Best Buy Co's profit figures are critical for investors who are aiming to understand the company's financial standing and future growth prospects. Increased profits often lead to higher stock valuations, boosting investor confidence and attracting more investments.
Interpreting Profit Fluctuations
When Best Buy Co’s profit increases, it often indicates enhanced operational efficiency or increased sales. In contrast, a decline in profit can signal operational inefficiencies, increased costs, or competitive pressures, necessitating strategic interventions to boost profitability.
Frequently Asked Questions about Best Buy Co Stock
How has the profit developed compared to last year?
The profit has increased by -12.54% compared to last year fallen
What impact do the earnings have on the shareholders?
An increase in earnings is usually seen as a positive indicator for shareholders as it means that the company is generating profits.
How does Best Buy Co publish its earnings?
Best Buy Co publishes its earnings in the form of quarterly or annual reports.
Which financial indicators are included in the quarterly or annual reports?
The quarterly or annual reports contain information about sales and profit, cash flow, balance sheet, and other fundamentals.
Why is it important for investors to know the earnings of Best Buy Co?
The profits of Best Buy Co are an important indicator of the financial health of the company and can help investors decide whether they want to invest in the company or not.
How can one learn more about the earnings of Best Buy Co?
You can learn more about the earnings of Best Buy Co by reviewing the quarterly or annual reports or following the company presentations.
How much dividend does Best Buy Co pay?
Over the past 12 months, Best Buy Co paid a dividend of 0.94 USD . This corresponds to a dividend yield of about 1.31 %. For the coming 12 months, Best Buy Co is expected to pay a dividend of 1.42 USD.
What is the dividend yield of Best Buy Co?
The current dividend yield of Best Buy Co is 1.31 %.
When does Best Buy Co pay dividends?
Best Buy Co pays a quarterly dividend. This is distributed in the months of July, October, January, April.
How secure is the dividend of Best Buy Co?
Best Buy Co paid dividends every year for the past 0 years.
What is the dividend of Best Buy Co?
For the upcoming 12 months, dividends amounting to 1.42 USD are expected. This corresponds to a dividend yield of 1.98 %.
In which sector is Best Buy Co located?
Best Buy Co is assigned to the 'Cyclical consumption' sector.
Wann musste ich die Aktien von Best Buy Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Best Buy Co from 4/11/2024 amounting to 0.94 USD, you needed to have the stock in your portfolio before the ex-date on 3/20/2024.
When did Best Buy Co pay the last dividend?
The last dividend was paid out on 4/11/2024.
What was the dividend of Best Buy Co in the year 2023?
In the year 2023, Best Buy Co distributed 3.68 USD as dividends.
In which currency does Best Buy Co pay out the dividend?
The dividends of Best Buy Co are distributed in USD.
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Andere Kennzahlen von Best Buy Co
Our stock analysis for Best Buy Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Best Buy Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
