Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 116

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 2
Chunk 116
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 regulations, and expenses or losses for which tax benefits are not recognized. Our ETR can be more or less volatile based on the amount of pre-tax earnings. For example, the impact of discrete items and non-deductible losses on our ETR is greater when our pre-tax earnings are lower.

21

Segment Performance Summary

Domestic Segment

Selected financial data for the Domestic segment was as follows ($ in millions):

Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Revenue$8,878 $8,697 $25,703 $25,523 Revenue % change2.1 %(3.3)%0.7 %(4.4)%Comparable sales % change(1)2.4 %(2.8)%1.0 %(3.8)%Gross profit$2,067 $2,049 $6,008 $5,993 Gross profit as a % of revenue23.3 %23.6 %23.4 %23.5 %Adjusted SG&A(2)$1,707 $1,711 $4,968 $4,966 Adjusted SG&A as a % of revenue(3)19.2 %19.7 %19.3 %19.5 %Adjusted operating income(2)$360 $338 $1,040 $1,027 Adjusted operating income as a % of revenue(4)4.1 %3.9 %4.0 %4.0 %Selected Online Revenue DataTotal online revenue$2,823 $2,727 $8,258 $7,970 Online revenue as a % of total segment revenue31.8 %31.4 %32.1 %31.2 %Comparable online sales % change(1)3.5 %(1.0)%3.6 %(2.9)%

(1)Comparable online sales are included in the comparable sales calculation.

(2)Represents Domestic segment Adjusted SG&A and Domestic segment Adjusted operating income as reported in accordance with the adoption of Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280), in the fourth quarter of fiscal 2025. See our Annual Report on Form 10-K for the fiscal year ended February