Global revenue of Best Buy 2007-2020

Best Buy's global revenue increased over the highlighted period, growing from around 36 billion U.S. dollars in FY 2007 to over 43 billion as of FY 2020. In line with global revenue, Best Buy's revenue in its home market - the United States - has increased in recent years. In the 2020 FY, Best Buy's domestic revenue rose to 40 billion U.S. dollars, accounting for more than 90 percent of its total revenue.

Computing and mobile phones lead Best Buy's sales

Best Buy generates almost half of its revenue from the sales of computing and mobile phones. Consumer electronics are second in line, accounting for about a third of the company's revenue. Both segments together make up nearly 80 percent of the company's revenue from domestic and international markets. Best Buy also generates revenue from appliances, entertainment, and services. The company earns the majority of its revenue from brick and mortar store sales, but also has a presence in the e-commerce market.

E-commerce sales are growing

   Best Buy is a global retailer and developer of technology products and services. The company operates over 1,200 domestic and international outlets, with the majority of outlets located in the United States. Best Buy earns around 80 percent of its revenue from brick and mortar store sales. The number of stores and square footage in both domestic and international outlets has declined in recent years, while the company’s online revenue has grown. The growth in Best Buy’s online sales has been higher than its overall sales growth in recent years, leading to an increased share of online revenue as total revenue.

Global revenue of Best Buy from 2007 to 2020

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2007 to 2020

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