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42	42	Best Buy has reported $46,298 million revenue in FY23 which was $51,761 million in FY22. The reasons behind the decline of 10.6% is that there was stronger demand in FY21 and FY22 due to the pandemic, the consumers shifted afterwards towards travel and entertainment instead of spending in durable goods, and the pressure of high inflation. Gross profit during FY23 is $9,912 million and $11,640 million a year earlier. Net earnings for the year are $1,419 million and $2,454 million, respectively.
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44		-Total current assets reported by the company on January 28, 2023 is $8,802 million as compared to $10,539 million a year earlier. Total assets of the company is $15,803 million as compared to $17,504 million a year earlier. The company had no preferred stock issued and o
	44	+Total current assets reported by the company on January 28, 2023 is $8,802 million as compared to $10,539 million a year earlier. Total assets of the company is $15,803 million as compared to $17,504 million a year earlier. The company had no preferred stock issued and outstanding at the end of this year. Shares of common stock outstanding for the years are 218.1 million and 227.4 million, respectively.
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47	47	= Business Overview =