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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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