Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 64

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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 drones. Online revenue of $2.9 billion in the second quarter of fiscal 2026 increased 5.1% on a comparable basis.

Domestic segment revenue in the first six months of fiscal 2026 remained effectively unchanged from the first six months of fiscal 2025. Comparable sales growth of 0.2% in the first six months of fiscal 2026 was primarily driven by computing, gaming and mobile phones, mostly offset by comparable sales declines in home theater and appliances. Online revenue of $5.4 billion in the first six months of fiscal 2026 increased 3.7% on a comparable basis.

Domestic segment revenue mix percentages and comparable sales percentage changes by revenue category were as follows:

Revenue MixComparable SalesThree Months EndedThree Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Computing and Mobile Phones45%44%3.8 %3.9 %Consumer Electronics27%29%(4.9)%(6.2)%Appliances12%13%(8.5)%(14.9)%Entertainment8%6%37.5 %(7.4)%Services7%7%(1.0)%8.5 %Other1%1%(6.3)%14.4 %Total100%100%1.1 %(2.3)%

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Notable comparable sales changes by revenue category were as follows:

•Computing and Mobile Phones: The 3.8% comparable sales growth was driven primarily by computing and mobile phones, partially offset by a comparable sales decline in tablets.

•Consumer Electronics: The 4.9% comparable sales decline was driven primarily by home theater. 

•Appliances: The 8.5% comparable sales decline was driven primarily by large appliances.

•Entertainment: The 37.5% comparable sales growth was driven primarily by gaming, partially offset by a comparable sales decline in drones.

•Services: The 1.0% comparable sales decline was driven primarily by Best Buy Health service offerings and delivery and installation services.

Domestic segment gross profit rate decreased in the second quarter of fiscal 2026, primarily due to lower product margin rates, which were partially offset by rate improvement within the services category. The lower product margin rates were primarily driven by a higher sales mix of lower-margin categories.

Domestic segment gross profit rate remained effectively unchanged in the first six