Best Buy Co. Inc (BBY)
Gross profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,603,000 | 9,912,000 | 11,640,000 | 10,573,000 | 10,048,000 |
| Revenue | US$ in thousands | 43,452,000 | 46,298,000 | 51,761,000 | 47,262,000 | 43,638,000 |
| Gross profit margin | 22.10% | 21.41% | 22.49% | 22.37% | 23.03% |
February 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,603,000K ÷ $43,452,000K
= 22.10%
The gross profit margin of Best Buy Co. Inc has exhibited slight fluctuations over the past five years, ranging from a low of 21.41% in January 2023 to a high of 23.03% in February 2020. The company's gross profit margin for the most recent fiscal year, ending February 3, 2024, stands at 22.10%. Overall, the trend in the gross profit margin indicates relative stability, with fluctuations within a narrow range. This suggests that Best Buy has been able to effectively control its cost of goods sold and maintain a consistent level of profitability from its core business operations over the years.