Best Buy Co. Inc (BBY)
Gross profit margin
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,385,000 | 9,603,000 | 9,912,000 | 11,640,000 | 10,573,000 |
| Revenue | US$ in thousands | 41,528,000 | 43,452,000 | 46,298,000 | 51,761,000 | 47,262,000 |
| Gross profit margin | 22.60% | 22.10% | 21.41% | 22.49% | 22.37% |
February 1, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,385,000K ÷ $41,528,000K
= 22.60%
Based on the provided data, the gross profit margin of Best Buy Co. Inc has shown some fluctuations over the years. It stood at 22.37% as of January 30, 2021, slightly increasing to 22.49% by January 29, 2022. However, there was a decrease to 21.41% by January 28, 2023, followed by a recovery to 22.10% by February 3, 2024. The most recent figure as of February 1, 2025, indicates a slight improvement to 22.60%.
Overall, Best Buy's gross profit margin has demonstrated some variability within the range of approximately 21% to 23% over the analyzed period. It is essential for the company to continue monitoring and managing its cost of goods sold effectively to maintain or improve its gross profit margin, which reflects the efficiency of the company's core operations in generating profits from sales after accounting for direct costs.