Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 128

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 2
Chunk 128
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ensed Consolidated Financial Statements included in this Quarterly Report on Form 10-Q.

Fiscal PeriodTotal Number ofShares PurchasedAverage Price Paidper ShareTotal Number of Shares Purchased as Part of Publicly Announced ProgramApproximate Dollar Value of Shares that May Yet Be Purchased Under the ProgramMay 4, 2025 through May 31, 2025-$- -$3,184,000,000 June 1, 2025 through July 5, 2025406,173$69.38 406,173$3,156,000,000 July 6, 2025 through August 2, 2025563,745$68.13 563,745$3,118,000,000 Total fiscal 2026 second quarter969,918$68.65 969,918$3,118,000,000 

Item 5.    Other Information

Rule 10b5-1 Plan Elections

During the fiscal quarter ended August 2, 2025, none of the Company’s directors or officers (as defined in Rule 16(a)-1(f) of the Securities Exchange Act of 1934, as amended) adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K of the Securities Act of 1933, as amended). 

Restructuring Initiatives

As disclosed in Note 2, Restructuring, of the Notes to the Consolidated Financial Statements included in Part I, Item 1 to this Quarterly Report on Form 10-Q, during the second quarter of fiscal 2026, the Company commenced a restructuring initiative intended to align field resources with changing customer behaviors, close select non-traditional store locations and redirect corporate resources for better alignment with its strategy. As further disclosed in such Note, the Company also made cash payments during the second quarter of fiscal 2026 relating to the Company’s restructuring initiative that commenced during the first quarter of fiscal 2026. For further information about these initiatives, refer to such Note, which is incorporated herein by reference.

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Item 6.    Exhibits

3.1Amended and Restated Articles of Incorporation (incorporated herein by reference to Exhibit 3.1 to the Current Report on Form 8-K filed by Best Buy Co., Inc. on June