Company: BBY
Filing Date: 2025-09-05
Form Type: 10-Q
Source: 0000764478-25-000040
Chunk: 66

Company: BEST BUY CO INC
Filing Date: 2025-09-05
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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(1)Represents International segment Adjusted SG&A and International segment Adjusted operating income as reported in accordance with the adoption of ASU 2023-07. See our Annual Report on Form 10-K for the fiscal year ended February 1, 2025, for additional information.

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

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

International segment revenue increased in the second quarter of fiscal 2026, primarily driven by comparable sales growth in gaming, computing and mobile phones, and revenue from Best Buy Express locations that opened in Canada after the second quarter of fiscal 2025. 

International segment revenue increased in the first six months of fiscal 2026, primarily driven by revenue from Best Buy Express locations that opened in Canada after the second quarter of fiscal 2025 and comparable sales growth in gaming and computing.

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

Revenue MixComparable SalesThree Months EndedThree Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Computing and Mobile Phones47%46%9.5 %1.7 %Consumer Electronics27%28%1.3 %(2.1)%Appliances11%13%(5.7)%(3.9)%Entertainment9%6%57.3 %(20.8)%Services5%6%2.2 %5.9 %Other1%1%6.5 %(20.1)%Total100%100%7.6 %(1.8)%

Notable comparable sales changes by revenue category were as follows:

•Computing and Mobile Phones: The 9.5% comparable sales growth was driven primarily by computing and mobile phones.

•Consumer Electronics: The 1.3% comparable sales growth was driven primarily by health and fitness and digital imaging, partially offset by a comparable sales decline in home theater.

•Appliances: The 5.7% comparable sales decline was driven primarily by small appliances.

•Entertainment: The 57.3% comparable sales growth was driven primarily by gaming.

•Services: The 2.2% comparable sales growth was driven primarily by growth in our membership programs.