Comparable Sales Declined 6.1%
GAAP Diluted EPS Increased 2% to
$1.13
Non-GAAP Diluted EPS Increased 4% to
$1.20
FY25 Non-GAAP Diluted EPS Guidance Range of
$5.75 to $6.20 Unchanged
Best Buy Co., Inc. (NYSE: BBY) today announced results for the
13-week first quarter ended May 4, 2024 (“Q1 FY25”), as compared to
the 13-week first quarter ended April 29, 2023 (“Q1 FY24”).
Q1 FY25
Q1 FY24
Revenue ($ in millions)
Enterprise
$
8,847
$
9,467
Domestic segment
$
8,203
$
8,801
International segment
$
644
$
666
Enterprise comparable sales % change1
(6.1
)%
(10.1
)%
Domestic comparable sales % change1
(6.3
)%
(10.4
)%
Domestic comparable online sales %
change1
(6.1
)%
(12.1
)%
International comparable sales %
change1
(3.3
)%
(5.5
)%
Operating Income
GAAP operating income as a % of
revenue
3.5
%
3.3
%
Non-GAAP operating income as a % of
revenue
3.8
%
3.4
%
Diluted Earnings per Share
("EPS")
GAAP diluted EPS
$
1.13
$
1.11
Non-GAAP diluted EPS
$
1.20
$
1.15
For GAAP to non-GAAP reconciliations of the measures referred to
in the above table, please refer to the attached supporting
schedule.
“Today we are reporting better-than-expected Q1 profitability,”
said Corie Barry, Best Buy CEO. “Through strong execution, we
continued to manage our profitability while at the same time
preparing for future growth. We made progress on our FY25
priorities, grew our paid membership base and drove improvements in
our customer experiences.”
Barry continued, “The mix of macro factors continued to create a
challenging sales environment for our category during the quarter
and our sales were slightly softer than our expectations. We will
continue to navigate the environment while remaining focused and
energized about our purpose to Enrich Lives through Technology.
There is exciting new innovation ahead and we intend to strengthen
our position in key categories like computing, home theater and
major appliances through our differentiated experiences, pointed
marketing spend and competitive pricing.”
FY25 Financial Guidance
“As we look to the rest of the year, we continue to expect
sequential improvement in our comparable sales performance,
however, we believe we are trending towards the midpoint of our
annual comparable sales guidance,” said Matt Bilunas, Best Buy CFO.
“Even at the midpoint of the comparable sales guidance, we expect
to deliver profitability at the high end of our non-GAAP operating
income rate guidance due to a higher gross profit rate in our
membership and services offerings.”
Bilunas continued, “For Q2 FY25, we expect comparable sales to
decline by approximately 3% and our non-GAAP operating income rate
to be approximately 3.5%.”
Best Buy’s guidance for FY25 is the following:
- Revenue of $41.3 billion to $42.6 billion
- Comparable sales1 of (3.0%) to 0.0%
- Enterprise non-GAAP operating income rate2 of 3.9% to 4.1%
- Non-GAAP effective income tax rate2 of approximately 25.0%
- Non-GAAP diluted EPS2 of $5.75 to $6.20
- Capital expenditures of approximately $750 million
Note: FY25 has 52 weeks compared to 53 weeks in FY24. The
company estimates the impact of the extra week in Q4 FY24 added
approximately $735 million in revenue, approximately 15 basis
points of non-GAAP operating income rate and approximately $0.30 of
non-GAAP diluted EPS to the full-year results.
Domestic Segment Q1 FY25
Results
Domestic Revenue
Domestic revenue of $8.20 billion decreased 6.8% versus last
year primarily driven by a comparable sales decline of 6.3%.
From a merchandising perspective, the largest drivers of the
comparable sales decline on a weighted basis were appliances, home
theater, gaming and mobile phones. These drivers were partially
offset by growth in the services and laptop categories.
Domestic online revenue of $2.52 billion decreased 6.1% on a
comparable basis, and as a percentage of total Domestic revenue,
online revenue was 30.8% versus 30.5% last year.
Domestic Gross Profit Rate
Domestic gross profit rate was 23.4% versus 22.6% last year. The
higher gross profit rate was primarily due to improved financial
performance from the company’s services category, including its
membership offerings, which was partially offset by lower product
margin rates and lower profit-sharing revenue from the company’s
private label and co-branded credit card arrangement.
Domestic Selling, General and Administrative Expenses
(“SG&A”)
Domestic GAAP SG&A expenses were $1.60 billion, or 19.5% of
revenue, versus $1.71 billion, or 19.4% of revenue, last year. On a
non-GAAP basis, SG&A expenses were $1.59 billion, or 19.4% of
revenue, versus $1.69 billion, or 19.2% of revenue, last year. Both
GAAP and non-GAAP SG&A decreased due to: (1) lower employee
compensation expense, which was primarily store payroll; (2)
reduced vehicle rental costs; and (3) lower expenses across
multiple other areas. These decreases were partially offset by
higher technology expense.
International Segment Q1 FY25
Results
International Revenue
International revenue of $644 million decreased 3.3% versus last
year driven by a comparable sales decline of 3.3%.
International Gross Profit Rate
International gross profit rate was 22.8% versus 23.7% last
year. The lower gross profit rate was primarily due to lower
product margin rates.
International SG&A
International SG&A expenses were $139 million, or 21.6% of
revenue, versus $138 million, or 20.7% of revenue, last year.
Restructuring Charges
The company incurred $15 million of restructuring charges in Q1
FY25, primarily related to employee termination benefits associated
with an enterprise-wide restructuring initiative that commenced in
Q4 FY24. The company does not expect to incur material future
restructuring charges related to this initiative. Consistent with
prior practice, restructuring charges are excluded from the
company’s non-GAAP results.
Share Repurchases and
Dividends
In Q1 FY25, the company returned a total of $252 million to
shareholders through dividends of $202 million and share
repurchases of $50 million.
Today, the company announced its board of directors has
authorized the payment of a regular quarterly cash dividend of
$0.94 per common share. The quarterly dividend is payable on July
11, 2024, to shareholders of record as of the close of business on
June 20, 2024.
Conference Call
Best Buy is scheduled to conduct an earnings conference call at
8:00 a.m. Eastern Time (7:00 a.m. Central Time) on May 30, 2024. A
webcast of the call is expected to be available at
www.investors.bestbuy.com, both live and after the call.
Notes:
(1) The method of calculating comparable sales varies across the
retail industry. As a result, our method of calculating comparable
sales may not be the same as other retailers’ methods. For
additional information on comparable sales, please see our most
recent Annual Report on Form 10-K, and our subsequent Quarterly
Reports on Form 10-Q, filed with the Securities and Exchange
Commission (“SEC”), and available at www.investors.bestbuy.com.
(2) A reconciliation of the projected non-GAAP operating income
rate, non-GAAP effective income tax rate, and non-GAAP diluted EPS,
which are forward-looking non-GAAP financial measures, to the most
directly comparable GAAP financial measures, is not provided
because the company is unable to provide such reconciliation
without unreasonable effort. The inability to provide a
reconciliation is due to the uncertainty and inherent difficulty
predicting the occurrence, the financial impact and the periods in
which the non-GAAP adjustments may be recognized. These GAAP
measures may include the impact of such items as restructuring
charges; price-fixing settlements; goodwill and intangible asset
impairments; gains and losses on sales of subsidiaries and certain
investments; intangible asset amortization; certain
acquisition-related costs; and the tax effect of all such items.
Historically, the company has excluded these items from non-GAAP
financial measures. The company currently expects to continue to
exclude these items in future disclosures of non-GAAP financial
measures and may also exclude other items that may arise
(collectively, “non-GAAP adjustments”). The decisions and events
that typically lead to the recognition of non-GAAP adjustments,
such as a decision to exit part of the business or reaching
settlement of a legal dispute, are inherently unpredictable as to
if or when they may occur. For the same reasons, the company is
unable to address the probable significance of the unavailable
information, which could be material to future results.
Forward-Looking and Cautionary Statements:
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 as
contained in Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. You can identify these
statements by the fact that they use words such as "anticipate,"
“appear,” “approximate,” "assume," "believe," “continue,” “could,”
"estimate," "expect," “foresee,” "guidance," "intend," “may,”
“might,” "outlook," "plan," “possible,” "project" “seek,” “should,”
“would,” and other words and terms of similar meaning or the
negatives thereof. Such statements reflect our current views and
estimates with respect to future market conditions, company
performance and financial results, operational investments,
business prospects, our operating model, new strategies and growth
initiatives, the competitive environment, consumer behavior and
other events. These statements involve a number of judgments and
are subject to certain risks and uncertainties, many of which are
outside the control of the Company, that could cause actual results
to differ materially from the potential results discussed in such
forward-looking statements. Readers should review Item 1A, Risk
Factors, of our most recent Annual Report on Form 10-K, and any
updated information in subsequent Quarterly Reports on Form 10-Q,
for a description of important factors that could cause our actual
results to differ materially from those contemplated by the
forward-looking statements made in this release. Among the factors
that could cause actual results and outcomes to differ materially
from those contained in such forward-looking statements are the
following: macroeconomic pressures in the markets in which we
operate (including but not limited to recession, inflation rates,
fluctuations in foreign currency exchange rates, limitations on a
government’s ability to borrow and/or spend capital, fluctuations
in housing prices, energy markets, jobless rates and effects
related to the conflicts in Eastern Europe and the Middle East or
other geopolitical events); catastrophic events, health crises and
pandemics; susceptibility of the products we sell to technological
advancements, product life cycle fluctuations and changes in
consumer preferences; competition (including from multi-channel
retailers, e-commerce business, technology service providers,
traditional store-based retailers, vendors and mobile network
carriers and in the provision of delivery speed and options); our
ability to attract and retain qualified employees; changes in
market compensation rates; our expansion into health and new
products, services and technologies; our focus on services as a
strategic priority; our reliance on key vendors and mobile network
carriers (including product availability); our ability to maintain
positive brand perception and recognition; our ability to
effectively manage strategic ventures, alliances or acquisitions;
our ability to effectively manage our real estate portfolio;
inability of vendors or service providers to perform components of
our supply chain (impacting our stores or other aspects of our
operations) and other various functions of our business; risks
arising from and potentially unique to our exclusive brands
products; risks associated with vendors that source products
outside the U.S.; our reliance on our information technology
systems, internet and telecommunications access and capabilities;
our ability to prevent or effectively respond to a cyber-attack,
privacy or security breach; product safety and quality concerns;
changes to labor or employment laws or regulations; risks arising
from statutory, regulatory and legal developments (including
statutes and/or regulations related to tax or privacy); evolving
corporate governance and public disclosure regulations and
expectations (including, but not limited to, cybersecurity and
environmental, social and governance matters); risks arising from
our international activities (including fluctuations in foreign
currency exchange rates) and those of our vendors; failure to
effectively manage our costs; our dependence on cash flows and net
earnings generated during the fourth fiscal quarter; pricing
investments and promotional activity; economic or regulatory
developments that might affect our ability to provide attractive
promotional financing; constraints in the capital markets; changes
to our vendor credit terms; changes in our credit ratings; and
failure to meet financial-performance guidance or other
forward-looking statements. We caution that the foregoing list of
important factors is not complete. Any forward-looking statements
speak only as of the date they are made and we assume no obligation
to update any forward-looking statement that we may make.
BEST BUY CO., INC.
CONDENSED CONSOLIDATED
STATEMENTS OF EARNINGS
($ and shares in millions, except
per share amounts)
(Unaudited and subject to
reclassification)
Three Months Ended
May 4, 2024
April 29, 2023
Revenue
$
8,847
$
9,467
Cost of sales
6,783
7,317
Gross profit
2,064
2,150
Gross profit %
23.3
%
22.7
%
Selling, general and administrative
expenses
1,737
1,848
SG&A %
19.6
%
19.5
%
Restructuring charges
15
(9
)
Operating income
312
311
Operating income %
3.5
%
3.3
%
Other income (expense):
Investment income and other
25
21
Interest expense
(12
)
(12
)
Earnings before income tax expense and
equity in income (loss) of affiliates
325
320
Income tax expense
80
75
Effective tax rate
24.7
%
23.3
%
Equity in income (loss) of affiliates
1
(1
)
Net earnings
$
246
$
244
Basic earnings per share
$
1.14
$
1.11
Diluted earnings per share
$
1.13
$
1.11
Weighted-average common shares
outstanding:
Basic
216.2
218.9
Diluted
217.2
219.9
BEST BUY CO., INC.
CONDENSED CONSOLIDATED BALANCE
SHEETS
($ in millions)
(Unaudited and subject to
reclassification)
May 4, 2024
April 29, 2023
Assets
Current assets:
Cash and cash equivalents
$
1,214
$
1,030
Receivables, net
770
860
Merchandise inventories
5,225
5,219
Other current assets
544
653
Total current assets
7,753
7,762
Property and equipment, net
2,196
2,321
Operating lease assets
2,771
2,694
Goodwill
1,383
1,383
Other assets
649
528
Total assets
$
14,752
$
14,688
Liabilities and equity
Current liabilities:
Accounts payable
$
4,664
$
4,874
Unredeemed gift card liabilities
242
256
Deferred revenue
923
1,015
Accrued compensation and related
expenses
380
364
Accrued liabilities
812
759
Current portion of operating lease
liabilities
613
625
Current portion of long-term debt
15
15
Total current liabilities
7,649
7,908
Long-term operating lease liabilities
2,222
2,128
Long-term debt
1,134
1,155
Long-term liabilities
665
704
Equity
3,082
2,793
Total liabilities and equity
$
14,752
$
14,688
BEST BUY CO., INC.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
($ in millions)
(Unaudited and subject to
reclassification)
Three Months Ended
May 4, 2024
April 29, 2023
Operating activities
Net earnings
$
246
$
244
Adjustments to reconcile net earnings to
total cash provided by (used in) operating activities:
Depreciation and amortization
219
237
Restructuring charges
15
(9
)
Stock-based compensation
38
38
Other, net
12
14
Changes in operating assets and
liabilities:
Receivables
168
279
Merchandise inventories
(273
)
(86
)
Other assets
(8
)
(17
)
Accounts payable
43
(790
)
Income taxes
13
46
Other liabilities
(317
)
(287
)
Total cash provided by (used in) operating
activities
156
(331
)
Investing activities
Additions to property and equipment
(152
)
(204
)
Other, net
(15
)
-
Total cash used in investing
activities
(167
)
(204
)
Financing activities
Repurchase of common stock
(50
)
(79
)
Dividends paid
(202
)
(202
)
Total cash used in financing
activities
(252
)
(281
)
Effect of exchange rate changes on cash
and cash equivalents
(3
)
(5
)
Decrease in cash, cash equivalents and
restricted cash
(266
)
(821
)
Cash, cash equivalents and restricted
cash at beginning of period
1,793
2,253
Cash, cash equivalents and restricted
cash at end of period
$
1,527
$
1,432
BEST BUY CO., INC.
SEGMENT INFORMATION
($ in millions)
(Unaudited and subject to
reclassification)
Three Months Ended
Domestic Segment Results
May 4, 2024
April 29, 2023
Revenue
$
8,203
$
8,801
Comparable sales % change
(6.3
)%
(10.4
)%
Comparable online sales % change
(6.1
)%
(12.1
)%
Gross profit
$
1,917
$
1,992
Gross profit as a % of revenue
23.4
%
22.6
%
SG&A
$
1,598
$
1,710
SG&A as a % of revenue
19.5
%
19.4
%
Operating income
$
303
$
290
Operating income as a % of revenue
3.7
%
3.3
%
Domestic Segment Non-GAAP
Results1
Gross profit
$
1,917
$
1,992
Gross profit as a % of revenue
23.4
%
22.6
%
SG&A
$
1,592
$
1,690
SG&A as a % of revenue
19.4
%
19.2
%
Operating income
$
325
$
302
Operating income as a % of revenue
4.0
%
3.4
%
Three Months Ended
International Segment Results
May 4, 2024
April 29, 2023
Revenue
$
644
$
666
Comparable sales % change
(3.3
)%
(5.5
)%
Gross profit
$
147
$
158
Gross profit as a % of revenue
22.8
%
23.7
%
SG&A
$
139
$
138
SG&A as a % of revenue
21.6
%
20.7
%
Operating income
$
9
$
21
Operating income as a % of revenue
1.4
%
3.2
%
International Segment Non-GAAP
Results1
Gross profit
$
147
$
158
Gross profit as a % of revenue
22.8
%
23.7
%
SG&A
$
139
$
138
SG&A as a % of revenue
21.6
%
20.7
%
Operating income
$
8
$
20
Operating income as a % of revenue
1.2
%
3.0
%
(1)
For GAAP to non-GAAP reconciliations,
please refer to the attached supporting schedule titled
Reconciliation of Non-GAAP Financial Measures.
BEST BUY CO., INC.
REVENUE CATEGORY
SUMMARY
(Unaudited and subject to
reclassification)
Revenue Mix
Comparable Sales
Three Months Ended
Three Months Ended
Domestic Segment
May 4, 2024
April 29, 2023
May 4, 2024
April 29, 2023
Computing and Mobile Phones
44
%
42
%
(2.2
)%
(13.3
)%
Consumer Electronics
29
%
29
%
(8.3
)%
(9.8
)%
Appliances
13
%
15
%
(18.5
)%
(15.5
)%
Entertainment
6
%
7
%
(11.3
)%
3.8
%
Services
7
%
6
%
9.0
%
12.0
%
Other
1
%
1
%
18.2
%
(12.1
)%
Total
100
%
100
%
(6.3
)%
(10.4
)%
Revenue Mix
Comparable Sales
Three Months Ended
Three Months Ended
International Segment
May 4, 2024
April 29, 2023
May 4, 2024
April 29, 2023
Computing and Mobile Phones
50
%
47
%
0.7
%
(3.6
)%
Consumer Electronics
27
%
28
%
(6.6
)%
(9.1
)%
Appliances
9
%
9
%
2.0
%
(11.7
)%
Entertainment
7
%
9
%
(22.9
)%
12.0
%
Services
6
%
5
%
5.0
%
(11.2
)%
Other
1
%
2
%
(13.4
)%
(19.0
)%
Total
100
%
100
%
(3.3
)%
(5.5
)%
BEST BUY CO., INC.
RECONCILIATION OF NON-GAAP
FINANCIAL MEASURES
($ in millions, except per share
amounts)
(Unaudited and subject to
reclassification)
The following information
provides reconciliations of the most comparable financial measures
presented in accordance with accounting principles generally
accepted in the U.S. (GAAP financial measures) to presented
non-GAAP financial measures. The company believes that non-GAAP
financial measures, when reviewed in conjunction with GAAP
financial measures, can provide more information to assist
investors in evaluating current period performance and in assessing
future performance. For these reasons, internal management
reporting also includes non-GAAP financial measures. Generally,
presented non-GAAP financial measures include adjustments for items
such as restructuring charges, goodwill and intangible asset
impairments, price-fixing settlements, gains and losses on
subsidiaries and certain investments, intangible asset
amortization, certain acquisition-related costs and the tax effect
of all such items. In addition, certain other items may be excluded
from non-GAAP financial measures when the company believes this
provides greater clarity to management and investors. These
non-GAAP financial measures should be considered in addition to,
and not superior to or as a substitute for, the GAAP financial
measures presented in this earnings release and the company’s
financial statements and other publicly filed reports. Non-GAAP
financial measures as presented herein may not be comparable to
similarly titled measures used by other companies.
Three Months Ended
Three Months Ended
May 4, 2024
April 29, 2023
Domestic
International
Consolidated
Domestic
International
Consolidated
SG&A
$
1,598
$
139
$
1,737
$
1,710
$
138
$
1,848
% of revenue
19.5
%
21.6
%
19.6
%
19.4
%
20.7
%
19.5
%
Intangible asset amortization1
(6
)
-
(6
)
(20
)
-
(20
)
Non-GAAP SG&A
$
1,592
$
139
$
1,731
$
1,690
$
138
$
1,828
% of revenue
19.4
%
21.6
%
19.6
%
19.2
%
20.7
%
19.3
%
Operating income
$
303
$
9
$
312
$
290
$
21
$
311
% of revenue
3.7
%
1.4
%
3.5
%
3.3
%
3.2
%
3.3
%
Intangible asset amortization1
6
-
6
20
-
20
Restructuring charges2
16
(1
)
15
(8
)
(1
)
(9
)
Non-GAAP operating income
$
325
$
8
$
333
$
302
$
20
$
322
% of revenue
4.0
%
1.2
%
3.8
%
3.4
%
3.0
%
3.4
%
Effective tax rate
24.7
%
23.3
%
Intangible asset amortization1
-
%
0.1
%
Non-GAAP effective tax rate
24.7
%
23.4
%
Three Months Ended
Three Months Ended
May 4, 2024
April 29, 2023
Pretax Earnings
Net of Tax3
Per Share
Pretax Earnings
Net of Tax3
Per Share
Diluted EPS
$
1.13
$
1.11
Intangible asset amortization1
$
6
$
4
0.02
$
20
$
15
0.07
Restructuring charges2
15
11
0.05
(9
)
(7
)
(0.03
)
Non-GAAP diluted EPS
$
1.20
$
1.15
(1)
Represents the non-cash
amortization of definite-lived intangible assets associated with
acquisitions, including customer relationships, tradenames and
developed technology assets.
(2)
Represents charges related to
employee termination benefits and subsequent adjustments from
higher-than-expected employee retention associated with
enterprise-wide restructuring initiatives.
(3)
The non-GAAP adjustments
primarily relate to the U.S. As such, the income tax charge on the
U.S. non-GAAP adjustments is calculated using the statutory tax
rate of 24.5%.
Return
on Assets and Non-GAAP Return on Investment
The tables below provide
calculations of return on assets ("ROA") (GAAP financial measure)
and non-GAAP return on investment (“ROI”) (non-GAAP financial
measure) for the periods presented. The company believes ROA is the
most directly comparable financial measure to ROI. Non-GAAP ROI is
defined as non-GAAP adjusted operating income after tax divided by
average invested operating assets. All periods presented below
apply this methodology consistently. The company believes non-GAAP
ROI is a meaningful metric for investors to evaluate capital
efficiency because it measures how key assets are deployed by
adjusting operating income and total assets for the items noted
below. This method of determining non-GAAP ROI may differ from
other companies' methods and therefore may not be comparable to
those used by other companies.
Return on Assets ("ROA")
May 4, 20241
April 29, 20231
Net earnings
$
1,243
$
1,322
Total assets
15,909
16,242
ROA
7.8
%
8.1
%
Non-GAAP Return on Investment
("ROI")
May 4, 20241
April 29, 20231
Numerator
Operating income
$
1,575
$
1,644
Add: Non-GAAP operating income
adjustments2
224
221
Add: Operating lease interest3
114
114
Less: Income taxes4
(469
)
(485
)
Add: Depreciation
858
847
Add: Operating lease amortization5
660
664
Adjusted operating income after
tax
$
2,962
$
3,005
Denominator
Total assets
$
15,909
$
16,242
Less: Excess cash6
(330
)
(264
)
Add: Accumulated depreciation and
amortization7
5,167
5,110
Less: Adjusted current liabilities8
(8,355
)
(8,853
)
Average invested operating
assets
$
12,391
$
12,235
Non-GAAP ROI
23.9
%
24.6
%
(1)
Income statement accounts
represent the activity for the trailing 12 months ended as of each
of the balance sheet dates. Balance sheet accounts represent the
average account balances for the trailing 12 months ended as of
each of the balance sheet dates.
(2)
Non-GAAP operating income
adjustments include continuing operations adjustments for
restructuring charges and intangible asset amortization. Additional
details regarding these adjustments are included in the
Reconciliation of Non-GAAP Financial Measures schedule within the
company’s earnings releases.
(3)
Operating lease interest
represents the add-back to operating income to approximate the
total interest expense that the company would incur if its
operating leases were owned and financed by debt. The add-back is
approximated by multiplying average operating lease assets by 4%,
which approximates the interest rate on the company’s operating
lease liabilities.
(4)
Income taxes are approximated by
using a blended statutory rate at the Enterprise level based on
statutory rates from the countries in which the company does
business, which primarily consists of the U.S. with a statutory
rate of 24.5% for the periods presented.
(5)
Operating lease amortization
represents operating lease cost less operating lease interest.
Operating lease cost includes short-term leases, which are
immaterial, and excludes variable lease costs as these costs are
not included in the operating lease asset balance.
(6)
Excess cash represents the amount
of cash, cash equivalents and short-term investments greater than
$1 billion, which approximates the amount of cash the company
believes is necessary to run the business and may fluctuate over
time.
(7)
Accumulated depreciation and
amortization represents accumulated depreciation related to
property and equipment and accumulated amortization related to
definite-lived intangible assets.
(8)
Adjusted current liabilities
represent total current liabilities less short-term debt and the
current portions of operating lease liabilities and long-term
debt.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240529841358/en/
Investor Contact: Mollie O'Brien
mollie.obrien@bestbuy.com
Media Contact: Carly Charlson
carly.charlson@bestbuy.com
Best Buy (NYSE:BBY)
過去 株価チャート
から 12 2024 まで 1 2025
Best Buy (NYSE:BBY)
過去 株価チャート
から 1 2024 まで 1 2025
