Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 13

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 1, 2025210.0$22$16$2,306$309$2,653Balances at August 3, 2024215.0$22$-$2,775$310$3,107Net earnings, three months ended November 2, 2024---273-273Other comprehensive loss:Foreign currency translation adjustments, net of tax----(1)(1)Stock-based compensation--34--34Issuance of common stock0.2-6--6Common stock dividends, $0.94 per share--4(206)-(202)Repurchase of common stock(1.4)-(44)(91)-(135)Balances at November 2, 2024213.8$22$-$2,751$309$3,082Balances at February 3, 2024215.4$22$31$2,683$317$3,053Net earnings, nine months ended November 2, 2024---810-810Other comprehensive loss:Foreign currency translation adjustments, net of tax----(8)(8)Stock-based compensation--108--108Issuance of common stock1.6-11--11Common stock dividends, $2.82 per share--13(620)-(607)Repurchase of common stock(3.2)-(163)(122)-(285)Balances at November 2, 2024213.8$22$-$2,751$309$3,082

See Notes to Condensed Consolidated Financial Statements.

7

Notes to Condensed Consolidated Financial Statements

(unaudited)

1.    Basis of Presentation

Unless the context otherwise requires, the terms “Best Buy,” “we,” “us,” “our” and the “company” in these Notes to Condensed Consolidated Financial Statements refer to Best Buy Co., Inc. and, as applicable, its consolidated subsidiaries.In the opinion of management, the accompanying condensed consolidated financial statements contain all adjustments necessary for a fair presentation as prescribed by accounting principles generally accepted in the U.S. (“GAAP”). All adjustments were comprised of normal recurring adjustments, except as noted in these Notes to Condensed Consolidated Financial Statements.A large proportion of our revenue and earnings is generated in the fiscal fourth quarter, which includes the majority of the holiday shopping season. Due to the seasonal nature of our business, interim results are not necessarily indicative of results for the entire fiscal year. The interim financial statements and the related notes included in this Quarterly Report on