Best Buy Reports Better-Than-Expected Fourth Quarter Earnings
This represented a 2.01% decline compared to the previous fiscal year's revenue of $40.339 billion. 📊 2016 Financial Overview
: Domestic online revenue grew by 13% to surpass $4 billion, accounting for 11% of the total domestic revenue pool.
: The company prioritized its "Renew Blue" initiative to combat declining comparable sales and operating margins.
The table below highlights the core audited financial figures from the Best Buy 2016 Annual Report : Financial Metric FY 2016 Figure $39.528 Billion Cost of Goods Sold $30.334 Billion Gross Profit $9.191 Billion Gross Profit Margin Operating Income $1.375 Billion Net Earnings $897 Million 💡 Key Takeaways from FY16
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