Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 96

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part II, Item 2
Chunk 96
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, the impact of discrete items and non-deductible losses on our ETR is greater when our pre-tax earnings are lower.

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Table of Contents

Segment Performance Summary

Domestic Segment

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

Three Months EndedSix Months EndedAugust 2, 2025August 3, 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