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This statistic highlights Best Buy’s Comparable Sales Growth, split across Domestic Sales, Enterprise Sales, International Sales, and Online Sales, reported on a quarterly basis from Q1 2016 onwards.
Best Buy Corporation is a part of the Fortune 500 list and is one of the biggest consumer electronics retailers in the world. The company functions in multinational retailing that sell product and services through its main channels which are retail stores, online websites, and Call Centers.
The following table highlights Best Buy’s Comparable Sales Growth in some of its recent quarters.
|Comparable Sales Growth||Q1 2021||Q2 2021||Q3 2021||Q4 2021||Q1 2022||Q2 2022|
|Domestic – Comparable Sales Change (%)||-5.7||5.0||22.6||12.4||37.9||20.8|
|Enterprise Comparable Sales (%)||-5.3||5.8||23.0||1,265.0||37.2||19.6|
|Intl. – Comparable Sales Change (%)||0.2||15.1||27.3||14.9||27.8||5.0|
|Online Sales – Domestic (%)||7.6||242.2||–||18.7||7.6||-28.1|
(All figures in percentages)
The minus sign in the tables represents comparable sales decline. The company has witnessed drastic changes in comparable sales growth. The most noticeable growth in Q4 2021 of 1,311%, through sales through enterprise. There has also been a decline in comparable sales in Q1 2021 by 3.2%, through domestic and enterprise sales.
The metric that the company’s management uses to evaluate the performance of the stores, websites, and call centers is Comparable Sales. This is done by measuring the variations in net sales for a particular period over the comparable prior period of the same length. Comparable sales constitute revenue from the call centers, websites, and stores that function for at least 14 complete months.
The following factors are included for the calculation of comparable sales:
The following factors are excluded for the calculation of comparable sales:
The following irregularities have also reportedly affected the Comparable sales report:
About the Company
Best Buy Co. Inc. is a retail company specializing in sales of electronic products and services which was established in the United States but also operates in Canada and Mexico. Richard M. Schulze established the company in 1966 and it is headquartered in Richfield, Minnesota, United States. The company has over 150,000 employees and a total of 1,159 stores worldwide. The common stock of the company is traded in New York Stock Exchange (“NYSE”) under the ticker symbol “BBY”. It is one of the biggest consumer electronics retailers in the world and offers a wide range of merchandise and services to its consumers. These include consumer electronic devices, appliances, mobile phones, computing devices, and other products. The company operates through retail offices, call centers, online websites, in-home solutions, and delivery of the product at consumers’ doorsteps.
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