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Best Buy Co inc   (BBY)
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    Sector  Retail    Industry Wholesale
   Industry Wholesale
   Sector  Retail
 


Serious Revenues slump, at Best Buy Co Inc in the most recent fiscal period

Best Buy Co Inc reported third quarter of 2022 operating income of $365 millions

Published 2022-12-07T12:11:06+00:00
Goran Soko / CSIMarket.com Contributer

In the fiscal time-frame ending October 29 2022 Wholesale company reported soft top and bottom-line, where net profit per share dropped by -39 % and revenue by -11.108 % year on year. Revenue were to $10.59 billions relative to $11.91 billions eps at $1.22 compared to $2.00 in the fiscal time-frame ending October 29 2021.

From the previous times, net profit per share decreased by -9.63 % from $1.35 per share and Revenues advanced by 2.498 % from $10.33 billions.


Net income of $277.000 millions in the fiscal third quarter of 2022 fell by -44.49 % from $499.000 millions in the corresponding period a year before. Looking further into fiscal third quarter of 2022 Best Buy Co Inc 's profitability, operating margin mitigated to 3.45%, and net margin shrank to 2.62%.
Operating earnings, fell -45.52% to $365 millions, squeezing Best Buy Co Inc 's operating margin to %.

Best Buy Co Inc is expected to report next financial earnings on March 17, 2023.


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