What does domestic — number of stores to be closed mean?

The number of retail stores scheduled to be shut down.

How do you interpret domestic — number of stores to be closed?

An increase suggests a contraction of the physical footprint or a strategic pivot to e-commerce, while a decrease indicates a stable or expanding physical presence.

How does domestic — number of stores to be closed compare across companies?

Commonly reported by large-scale brick-and-mortar retailers undergoing digital transformation or rightsizing.

Best Buy BBY Domestic — Number Of Stores To Be Closed

Discontinued — last reported Q1 '19

Similar metrics at other companies

SHWConsumer Brands Group — Number of stores closed

10+1,900%

DLTRDollar Tree — Number of store closures

30—

SHWPaint Stores Group — Number of stores closed

0.8-40.0%

DLTRFamily Dollar — Number of store closures

970—

ULTADE — Number Of Stores

40.0%

LULUIvivva — Restructuringand Related Cost Numberof Stores Closed

48—

Other financials

Income statement

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Revenue$8.9B+1.9%

Gross profit$2.1B+2.6%

Operating income$370.0M+69.0%

Net income$276.0M+36.6%

EPS (diluted)$1.31+37.9%

Balance sheet

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Cash & equivalents$2.0B+41.9%

Total debt$4.2B+2.0%

Total equity$3.1B+11.6%

Total assets$14.9B+5.4%

Cash flow

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Operating cash flow$375.0M+1,003%

CapEx$160.0M-3.6%

Free cash flow$215.0M+263%

Valuation

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Market cap$15.41B-9.3%

Enterprise value$17.54B-11.0%

P/E13.5×-5.8×

P/S0.4×0.0×

Profitability

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Gross margin22.5%-0.1pp

Operating margin3.7%+0.9pp

Net margin2.7%+0.6pp

Returns & leverage

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Return on equity39.1%+8.9pp

Debt / equity1.4×-0.1×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Best Buy in its filing.

Tagged under the XBRL concept bby:NumberOfStoresToBeClosed.

The official record: Best Buy’s 10-K, filed March 19, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does domestic — number of stores to be closed mean?: The number of retail stores scheduled to be shut down.
How do you interpret domestic — number of stores to be closed?: An increase suggests a contraction of the physical footprint or a strategic pivot to e-commerce, while a decrease indicates a stable or expanding physical presence.
How does domestic — number of stores to be closed compare across companies?: Commonly reported by large-scale brick-and-mortar retailers undergoing digital transformation or rightsizing.