Best Buy Co (XSWX:BBY) Retained Earnings : CHF0 Mil (As of Apr. 2024)

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What is Best Buy Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Best Buy Co's retained earnings for the quarter that ended in Apr. 2024 was CHF0 Mil.

Best Buy Co's quarterly retained earnings increased from Oct. 2023 (CHF2,242 Mil) to Jan. 2024 (CHF2,305 Mil) but then declined from Jan. 2024 (CHF2,305 Mil) to Apr. 2024 (CHF0 Mil).

Best Buy Co's annual retained earnings declined from Jan. 2022 (CHF2,452 Mil) to Jan. 2023 (CHF2,246 Mil) but then increased from Jan. 2023 (CHF2,246 Mil) to Jan. 2024 (CHF2,305 Mil).

Best Buy Co Retained Earnings Historical Data

The historical data trend for Best Buy Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Best Buy Co Retained Earnings Chart

Best Buy Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Retained Earnings

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3,062.63

3,752.55

2,452.16

2,245.56

2,304.97

Best Buy Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Retained Earnings	Get a 7-Day Free Trial															2,204.92	2,172.90	2,242.49	2,304.97	-

Best Buy Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Best Buy Co (XSWX:BBY) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Best Buy Co (XSWX:BBY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Best Buy Co Inc (XSWX:BBY) » Definitions » Retained Earnings

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Traded in Other Exchanges

BBY:USA BBY:Mexico BUY:Germany BBYY34:Brazil

Address

7601 Penn Avenue South, Richfield, MN, USA, 55423

Website

https://www.investors.bestbuy.com

With $46.3 billion in consolidated fiscal 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.5% share of the U.S. market and north of 35% share of offline sales, per our calculations, CTA, and Euromonitor data. The firm generates the bulk of its sales in-store, with mobile phones and tablets, computers, and appliances representing its three largest categories. Recent investments in e-commerce fulfillment, accelerated by the COVID-19 pandemic, have seen the U.S. e-commerce channel roughly double from prepandemic levels, with management estimating that it will represent a mid-30% proportion of sales moving forward.