Company: BBY
Filing Date: 2025-12-05
Form Type: 10-Q
Source: 0000764478-25-000057
Chunk: 65

Company: BEST BUY CO INC
Filing Date: 2025-12-05
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 $1,040 $1,027 Adjusted operating income as a % of revenue(4)4.1 %3.9 %4.0 %4.0 %Selected Online Revenue DataTotal online revenue$2,823 $2,727 $8,258 $7,970 Online revenue as a % of total segment revenue31.8 %31.4 %32.1 %31.2 %Comparable online sales % change(1)3.5 %(1.0)%3.6 %(2.9)%

(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 third quarter and first nine months of fiscal 2026, primarily driven by comparable sales growth in computing, gaming and mobile phones, partially offset by comparable sales declines in home theater and appliances. Online revenue of $2.8 billion and $8.3 billion in the third quarter and first nine months of fiscal 2026 increased 3.5% and 3.6%, respectively, on a comparable basis.

Domestic segment revenue mix percentages and comparable sales percentage changes by revenue category were as follows:

Revenue MixComparable SalesThree Months EndedThree Months EndedNovember 1, 2025November 2, 2024November 1, 2025November 2, 2024Computing and Mobile Phones49%47%7.6 %3.8 %Consumer Electronics26%28%(2.9)%(5.8)%Appliances11%12%(8.4)%(14.7)%Entertainment6%5%14.0 %(18.8)%Services7%7%(1.0)%6.0 %Other1%1%(6.5)%12.9