Best Buy BBY Unredeemed gift card liabilities — Contract with Customer, Liability, Current

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FAQ

What is Best Buy's unredeemed gift card liabilities — contract with customer, liability, current?

Best Buy (BBY) reported unredeemed gift card liabilities — contract with customer, liability, current of $229M in Q1 2026.

How has Best Buy's unredeemed gift card liabilities — contract with customer, liability, current changed year-over-year?

Best Buy's unredeemed gift card liabilities — contract with customer, liability, current decreased by 6.9% year-over-year, from $246M to $229M.

What is the long-term trend for Best Buy's unredeemed gift card liabilities — contract with customer, liability, current?

Over 4 years (2022 to 2026), Best Buy's unredeemed gift card liabilities — contract with customer, liability, current has grown at a -6.1% compound annual growth rate (CAGR), from $1.21B to $942M.

What does unredeemed gift card liabilities — contract with customer, liability, current mean?

This represents the total outstanding balance of gift cards sold to customers that have not yet been redeemed for merchandise or services. It serves as a current liability on the balance sheet, reflecting the company's obligation to provide future goods or services to the cardholder. As customers redeem these cards, the liability is reduced and revenue is recognized.