Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 102

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part II, Item 2
Chunk 102
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 effective tax rate and diluted EPS (GAAP financial measures) to consolidated adjusted operating income, adjusted effective tax rate and adjusted diluted EPS (non-GAAP financial measures), respectively, were as follows ($ in millions, except per share amounts):

Three Months EndedNine Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Operating income$198 $350 $668 $1,045 % of revenue2.0 %3.7 %2.4 %3.8 %Intangible asset amortization(1)3 5 12 16 Long-lived asset impairment(2)21 - 21 - Restructuring charges(3)(5)(4)218 4 Goodwill and intangible asset impairments(2)171 - 171 - Adjusted operating income$388 $351 $1,090 $1,065 % of revenue4.0 %3.7 %3.9 %3.9 %Effective tax rate31.5 %23.9 %22.3 %24.8 %Intangible asset amortization(1)(0.3)%(0.1)%0.1 %— %Long-lived asset impairment(2)(1.4)%— %0.2 %— %Restructuring charges(3)(1.5)%— %3.2 %— %Goodwill and intangible asset impairments(2)(3.7)%— %0.5 %— %Loss on disposal of subsidiaries(4)— %— %0.1 %— %Adjusted effective tax rate24.6 %23.8 %26.4 %24.8 %Diluted EPS$0.66 $1.26 $2.48 $3.73 Intangible asset amortization(1)0.02 0.02 0.06 0.07 Long-lived asset impairment(2)0.10 - 0.10 - Restructuring charges(3)(0.03)(0.02)1.02 0.02 Goodwill and intangible asset impairments(2)0.81 - 0.80 - Loss on disposal of subsidiaries(4)- -