Best Buy Co., Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 1, 2021
May 26, 2021
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Best Buy Co., Inc. announced unaudited consolidated earnings results for the first quarter ended May 1, 2021. For the quarter, the company reported revenue was $11,637 million against $8,562 million a year ago. Operating income was $769 million against $229 million a year ago. Net earnings was $595 million against $159 million a year ago. Basic earnings per share was $2.35 against $0.61 a year ago. Diluted per share was $2.32 against $0.61 a year ago.
Best Buy Co., Inc. specializes in retail distribution of consumer electronic products and entertainment products. The group provides primarily computing products (computers, peripherals, software), hi-fi products (televisions, DVD players, etc.), cameras, mobile phones, audio systems and home appliances (washers, refrigerators, etc.). Net sales break down by area of activity as follows:
- the United States (92.4%): activity insured, at 28/01/2023, through a network of 978 stores distributed by names mainly between Best Buy (925) and Pacific Sales (20);
- Canada (7.6%): 160 stores distributed between Best Buy (127) and Best Buy Mobile (33).
Products are also marketed through Websites (primarily Bestbuy.com, BestBuyMobile.com, GeekSquad.com, MagnoliaAV.com, PacificSales.com, and FutureShop.ca).
BEST BUY CO., INC. 
