Federica Laricchia
Research expert covering the global consumer technology industry
Get in touch with us nowU.S. revenue of Best Buy 2012-2024
Best Buy's revenue in the United States has been increasing over the highlighted period, growing from around 34 billion U.S. dollars in 2012 to over 47.8 billion U.S. dollars in 2022. However, due to the economic downturn, Best Buy's revenue decreased in FY 2024, with around 40 billion U.S. dollars generated in the U.S. Of the 43 billion U.S. dollars Best Buy generated in their 2023 financial year, a vast majority of this revenue came from their sales in the United States.
Rising revenue per store
Best Buy's revenue per store in the United States has been increasing in recent years, although its total number of domestic and international stores has been decreasing recently. Best Buy earns the majority of its revenue from brick and mortar store sales and has a growing presence in the e-commerce market. Best Buy is compensating for a decrease in the number of retail outlets with growing online revenues and online revenues as a share of total revenue, as the company seeks to increase its share of the United States e-commerce market. Best Buy has managed to increase its online share of overall revenue to around 20 percent.
A global consumer electronics retailer
Best Buy is a global retailer and developer of technology products and services. The company's products include consumer electronics, mobile products, televisions, digital cameras, e-readers, appliances, and others. Its services include installing and delivering appliances, computer and gaming setup, furniture assembly, and repair services.
