Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 55

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 millions): Three Months EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Domestic:Computing and Mobile Phones$3,930$3,792$7,722$7,380Consumer Electronics2,3512,4784,5884,842Appliances1,0741,1772,0752,267Entertainment6814981,1301,018Services5815901,1601,168Other8188150151Total Domestic revenue$8,698$8,623$16,825$16,826International:Computing and Mobile Phones$346$308$670$626Consumer Electronics198186371359Appliances8086137146Entertainment683911085Services39387677Other981616Total International revenue7406651,3801,309Total revenue$9,438$9,288$18,205$18,135Adjusted operating income by segment and the reconciliation to consolidated earnings before income tax expense and equity in income of affiliates were as follows ($ in millions):Three Months EndedAugust 2, 2025August 3, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$8,698$740$9,438$8,623$665$9,288Cost of sales6,6655797,2446,5965067,102Adjusted SG&A (2)1,6821431,8251,6631421,805Adjusted operating income$351$18369$364$17381Restructuring charges114(7)Intangible asset amortization45Operating income251383Other income (expense):Loss on disposal of subsidiaries(4)-Investment income and other1821Interest expense(12)(13)Earnings before income tax expense and equity in income of affiliates$253$391(1)Domestic segment adjusted operating income includes certain operations that are based in foreign tax jurisdictions and primarily relate to sourcing products into the U.S.(2)Adjusted SG&A excludes amortization of definite-lived intangible assets associated with acquisitions.

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Six Months EndedAugust 2, 2025August 3, 2024Domestic (1)InternationalTotalDomestic (1)InternationalTotalRevenue$16,825$1,380$18,205$16,826$1,309$18,135Cost of sales12,8841,07813