Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 63

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 63
---
, 2024August 2, 2025August 3, 2024Revenue$8,698 $8,623 $16,825 $16,826 Revenue % change0.9 %(3.0)%— %(4.9)%Comparable sales % change(1)1.1 %(2.3)%0.2 %(4.3)%Gross profit$2,033 $2,027 $3,941 $3,944 Gross profit as a % of revenue23.4 %23.5 %23.4 %23.4 %Adjusted SG&A(2)$1,682 $1,663 $3,261 $3,255 Adjusted SG&A as a % of revenue(3)19.3 %19.3 %19.4 %19.3 %Adjusted operating income(2)$351 $364 $680 $689 Adjusted operating income as a % of revenue(4)4.0 %4.2 %4.0 %4.1 %Selected Online Revenue DataTotal online revenue$2,856 $2,718 $5,435 $5,243 Online revenue as a % of total segment revenue32.8 %31.5 %32.3 %31.2 %Comparable online sales % change(1)5.1 %(1.6)%3.7 %(3.8)%

(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 1, 2025, for additional information.

(3)Adjusted SG&A as a % of revenue is calculated as Domestic segment Adjusted SG&A divided by Domestic segment Revenue.

(4)Adjusted operating income as a % of revenue is calculated as Domestic segment Adjusted operating income divided by Domestic segment Revenue.

Domestic segment revenue increased in the second quarter of fiscal 2026, primarily driven by comparable sales growth in gaming, computing and mobile phones, partially offset by comparable sales declines in home theater, appliances, tablets and