Best Buy Co. Inc (BBY)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,241,000 | 1,419,000 | 2,454,000 | 1,798,000 | 1,541,000 |
| Revenue | US$ in thousands | 43,452,000 | 46,298,000 | 51,761,000 | 47,262,000 | 43,638,000 |
| Net profit margin | 2.86% | 3.06% | 4.74% | 3.80% | 3.53% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,241,000K ÷ $43,452,000K
= 2.86%
The net profit margin of Best Buy Co. Inc has shown some fluctuations over the past five years. In the most recent fiscal year ending February 3, 2024, the net profit margin decreased to 2.86% from 3.06% in the previous year. This decline suggests that the company's ability to generate profits from its revenue has weakened slightly compared to the prior year.
Looking back over the five-year period, the net profit margin has ranged from a high of 4.74% in fiscal year 2022 to a low of 2.86% in fiscal year 2024. This variability indicates some volatility in the company's profitability over the years, which could be influenced by factors such as changes in costs, pricing strategies, or operational efficiency.
Overall, while the net profit margin of Best Buy Co. Inc has experienced fluctuations, it is important for the company to monitor and manage its profitability closely to ensure sustainable financial performance in the future.