Best Buy’s Revenue by Product Category (2016-2022)

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This statistic highlights Best Buy’s Revenue by Product Category from 2016 onwards, split across Appliances, Computing and Mobile Phones, Consumer Electronics and Entertainment categories.
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This statistic highlights Best Buy’s Revenue by Product Category from 2016 onwards, split across Appliances, Computing and Mobile Phones, Consumer Electronics and Entertainment categories.

Best Buy’s Revenue by Product Category

The following table highlights Best Buy’s Revenue by Product Category for Q2 2021, Q1 2022. and Q2 2022.

Product Category Q2 2021 Q1 2022 Q2 2022 Contribution in Q2 2022
Appliances – Intl.  $1.38  $1.33  $1.86 16%
Computing and Mobile Phones – Intl.  $4.69  $6.07  $5.10 43%
Consumer Electronics – Intl.  $2.85  $2.70  $3.66 31%
Entertainment – Intl.  $0.46  $1.03  $0.61 5%
Other International – Intl.  $0.03  $0.05  $0.02 0.4%
Services – Intl.  $0.50  $0.46  $0.59 5.6%
Total  $9.91  $11.64  $11.85 100%

 (All figures in billions, except percentages)

The company’s total revenue increased from $9.91 billion in Q2 2021 to $11.85 billion in Q2 2022, marking a 19.58% growth on a year-on-year basis. It also grew 1.8% compared to $11.64 billion earned in Q2 2022.

Best Buy’s Revenue by Product category is bifurcated into the following segments (geographically):

Domestic Operations

The ongoing demand in the categories of products that allows the customers to cook, work, learn, and connect from home has contributed to the domestic comparable sales changes in most of the product categories that the company offers. The notable comparable sales change in revenue are the following:

  • Computing and Mobile Phones: Computing, tablets, and networking have derived 13.0% comparable sales, with a partial offset by a decline in mobile phones.
  • Consumer Electronics: Headphones and digital imagining have derived 0.2% comparable sales decline, with a partial offset by growth in the home theatre.
  • Appliances: Large and small appliances both have driven 23.2% comparable sales growth.
  • Entertainment: Gaming and virtual reality have driven 17.9% comparable sales growth, with a partial offset by a decline in movies.
  • Services: Repair, Delivery, and Installation services have derived a 1.4% comparable sales decline.

International operations

Similar to the domestic operations, strong demand in categories that help the customers to work, learn, cook, entertain, and connect from home has contributed to the international comparable sales in most of the product categories that the company offers. The notable comparable sales change in revenue are the following:

  • Computing and Mobile Phones: Computing, tablets, and networking have derived 23.8% comparable sales growth, with a partial offset by a decline in mobile phones.
  • Consumer Electronics: home theatre and health and fitness have derived 0.3% comparable sales growth, with a partial offset by a decline in smart home and digital imaging.
  • Appliances: Large and small appliances both have driven a 20.9% comparable sales growth.
  • Entertainment: Gaming and Virtual reality have driven 52.1% comparable sales growth.
  • Services: Warranty and repair services have derived an 11.0% comparable sales decline.
  • Others: Baby Products have derived a 9.4% comparable sales growth.

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. In 1966 Richard M. Schulze founded this company. The common stock is traded In New York Stock Exchange (“NYSE”) under the ticker symbol “BBY”.

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 has over 150,000 employees and it operates through retail offices, call centers, online websites, In-home solutions, and delivery of the product at consumer’s doorsteps. The company works with a commitment to growth and innovation and this goal is achieved by leveraging the unique combination of tech expertise and human touch to meet its consumer’s everyday needs, be it through online platforms or store visits.

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