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BBY · Current Report (Form 8-K) · Filed May 28, 2026

Best Buy Co Inc — 8-K exhibit

bby-fy27q1xexx992.htm
Best Buy Co Inc on Boardroom Alpha
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Exhibit 99.2

BEST BUY CO., INC.
REVENUE CATEGORY RECLASSIFICATION

Beginning in Q1 FY27, the Company reclassified certain amounts within its revenue categories to better align with management's current view of the business. The reclassification primarily relates to credit card revenue and digital content revenue (including digital gaming, software and subscriptions) that were previously included in various product revenue categories and, following the reclassification, are now included within services revenue. The reclassification impacts only the presentation of revenue by category and does not affect previously reported total revenue, total comparable sales, net earnings or cash flows. Revenue, revenue mix and comparable sales by revenue category have been recast to conform with this reclassification for FY25 and FY26, as well as for each quarter within such fiscal years.

The key components of each revenue category are now as follows:

•Computing and Mobile Phones - computing (including desktops, notebooks and peripherals), mobile phones (including related mobile network carrier commissions), networking, tablets (including e-readers) and wearables (including smartwatches);
•Consumer Electronics - digital imaging, health and fitness products, home theater (including home theater accessories, soundbars and televisions), portable audio (including headphones and portable speakers) and smart home;
•Appliances - large appliances (including dishwashers, laundry, ovens and refrigerators) and small appliances (including blenders, coffee makers, vacuums and personal care);
•Entertainment - drones, gaming (including hardware, peripherals and certain software, as well as augmented reality glasses), toys and virtual reality;
•Services - advertising, credit card revenue, digital content (including digital gaming, software and subscriptions), fulfillment, health-related services, installation, marketplace commissions, memberships, repair, technical support and warranty-related services; and
•Other - other product offerings, including baby, food and beverage and outdoor living.




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BEST BUY CO., INC.
REVENUE CATEGORY RECLASSIFICATION
($ in millions)
(Unaudited and subject to reclassification)

Revenue
Q1 FY25Q2 FY25Q3 FY25Q4 FY25FY25
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones$3,588 $(60)$3,528 $3,792 $(62)$3,730 $4,065 $(69)$3,996 $5,658 $(62)$5,596 $17,103 $(253)$16,850 
Consumer Electronics2,364 (24)2,340 2,478 (22)2,456 2,425 (27)2,398 3,881 (23)3,858 11,148 (96)11,052 
Appliances1,090 (25)1,065 1,177 (23)1,154 1,057 (23)1,034 1,265 (21)1,244 4,589 (92)4,497 
Entertainment520 (50)470 498 (49)449 479 (50)429 1,144 (65)1,079 2,641 (214)2,427 
Services578 171 749 590 166 756 601 185 786 687 191 878 2,456 713 3,169 
Other63 (12)51 88 (10)78 70 (16)54 80 (20)60 301 (58)243 
Total Domestic revenue$8,203 $— $8,203 $8,623 $— $8,623 $8,697 $— $8,697 $12,715 $— $12,715 $38,238 $— $38,238 
International:
Computing and Mobile Phones$318 $(6)$312 $308 $(6)$302 $386 $(6)$380 $566 $(12)$554 $1,578 $(30)$1,548 
Consumer Electronics173 (2)171 186 (1)185 194 (2)192 364 (2)362 917 (7)910 
Appliances60 — 60 86 (1)85 67 — 67 108 (1)107 321 (2)319 
Entertainment46 — 46 39 — 39 47 — 47 135 1 136 267 1 268 
Services39 6 45 38 7 45 47 6 53 51 10 61 175 29 204 
Other8 2 10 8 1 9 7 2 9 9 4 13 32 9 41 
Total International revenue$644 $— $644 $665 $— $665 $748 $— $748 $1,233 $— $1,233 $3,290 $— $3,290 
Q1 FY26Q2 FY26Q3 FY26Q4 FY26FY26
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones$3,792 $(55)$3,737 $3,930 $(64)$3,866 $4,368 $(74)$4,294 $5,948 $(61)$5,887 $18,038 $(254)$17,784 
Consumer Electronics2,237 (22)2,215 2,351 (27)2,324 2,351 (29)2,322 3,588 (26)3,562 10,527 (104)10,423 
Appliances1,001 (22)979 1,074 (29)1,045 965 (27)938 1,126 (21)1,105 4,166 (99)4,067 
Entertainment449 (51)398 681 (57)624 543 (54)489 1,138 (66)1,072 2,811 (228)2,583 
Services579 170 749 581 194 775 591 198 789 715 185 900 2,466 747 3,213 
Other69 (20)49 81 (17)64 60 (14)46 60 (11)49 270 (62)208 
Total Domestic revenue$8,127 $— $8,127 $8,698 $— $8,698 $8,878 $— $8,878 $12,575 $— $12,575 $38,278 $— $38,278 
International:
Computing and Mobile Phones$324 $(7)$317 $346 $(7)$339 $420 $(8)$412 $586 $(7)$579 $1,676 $(29)$1,647 
Consumer Electronics173 (2)171 198 (1)197 202 (3)199 360 1 361 933 (5)928 
Appliances57 (1)56 80 (1)79 64 (1)63 102 — 102 303 (3)300 
Entertainment42 (1)41 68 — 68 54 — 54 117 — 117 281 (1)280 
Services37 10 47 39 9 48 47 11 58 67 2 69 190 32 222 
Other7 1 8 9 — 9 7 1 8 7 4 11 30 6 36 
Total International revenue$640 $— $640 $740 $— $740 $794 $— $794 $1,239 $— $1,239 $3,413 $— $3,413 




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BEST BUY CO., INC.
REVENUE CATEGORY RECLASSIFICATION
(Unaudited and subject to reclassification)


Revenue Mix
Q1 FY25Q2 FY25Q3 FY25Q4 FY25FY25
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones44 %(1)%43 %44 %(1)%43 %47 %(1)%46 %44 %— %44 %45 %(1)%44 %
Consumer Electronics29 %(1)%28 %29 %— %29 %28 %(1)%27 %31 %(1)%30 %29 %— %29 %
Appliances13 %— %13 %13 %— %13 %12 %— %12 %10 %— %10 %12 %— %12 %
Entertainment6 %— %6 %6 %(1)%5 %5 %— %5 %9 %(1)%8 %7 %(1)%6 %
Services7 %2 %9 %7 %2 %9 %7 %2 %9 %5 %2 %7 %6 %2 %8 %
Other1 %— %1 %1 %— %1 %1 %— %1 %1 %— %1 %1 %— %1 %
Total 100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %
International:
Computing and Mobile Phones50 %(2)%48 %46 %(1)%45 %52 %(1)%51 %46 %(1)%45 %48 %(1)%47 %
Consumer Electronics27 %— %27 %28 %— %28 %26 %— %26 %29 %— %29 %28 %— %28 %
Appliances9 %— %9 %13 %— %13 %9 %— %9 %9 %— %9 %10 %— %10 %
Entertainment7 %— %7 %6 %— %6 %6 %— %6 %11 %— %11 %8 %— %8 %
Services6 %1 %7 %6 %1 %7 %6 %1 %7 %4 %1 %5 %5 %1 %6 %
Other1 %1 %2 %1 %— %1 %1 %— %1 %1 %— %1 %1 %— %1 %
Total100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %
Q1 FY26Q2 FY26Q3 FY26Q4 FY26FY26
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones47 %(1)%46 %45 %(1)%44 %49 %(1)%48 %47 %— %47 %47 %(1)%46 %
Consumer Electronics28 %(1)%27 %27 %— %27 %26 %— %26 %29 %(1)%28 %28 %(1)%27 %
Appliances12 %— %12 %12 %— %12 %11 %— %11 %9 %— %9 %11 %— %11 %
Entertainment5 %— %5 %8 %(1)%7 %6 %(1)%5 %9 %— %9 %7 %— %7 %
Services7 %2 %9 %7 %2 %9 %7 %2 %9 %6 %1 %7 %6 %2 %8 %
Other1 %— %1 %1 %— %1 %1 %— %1 %— %— %— %1 %— %1 %
Total100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %
International:
Computing and Mobile Phones51 %(1)%50 %47 %(1)%46 %53 %(1)%52 %47 %— %47 %49 %(1)%48 %
Consumer Electronics27 %— %27 %27 %(1)%26 %25 %— %25 %29 %— %29 %27 %— %27 %
Appliances9 %— %9 %11 %— %11 %8 %— %8 %8 %— %8 %9 %— %9 %
Entertainment6 %— %6 %9 %— %9 %7 %— %7 %10 %(1)%9 %8 %— %8 %
Services6 %1 %7 %5 %2 %7 %6 %1 %7 %5 %1 %6 %6 %1 %7 %
Other1 %— %1 %1 %— %1 %1 %— %1 %1 %— %1 %1 %— %1 %
Total100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %100 %— %100 %








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BEST BUY CO., INC.
REVENUE CATEGORY RECLASSIFICATION
(Unaudited and subject to reclassification)


Comparable Sales(1)
Q1 FY25Q2 FY25Q3 FY25Q4 FY25FY25
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones(2.2)%0.4 %(1.8)%3.9 %0.4 %4.3 %3.8 %0.3 %4.1 %6.5 %0.2 %6.7 %3.4 %0.3 %3.7 %
Consumer Electronics(8.3)%0.3 %(8.0)%(6.2)%0.3 %(5.9)%(5.8)%0.2 %(5.6)%(2.2)%0.2 %(2.0)%(5.2)%0.3 %(4.9)%
Appliances(18.5)%0.3 %(18.2)%(14.9)%0.8 %(14.1)%(14.7)%0.5 %(14.2)%(11.4)%— %(11.4)%(14.8)%0.4 %(14.4)%
Entertainment(11.3)%(0.7)%(12.0)%(7.4)%(0.9)%(8.3)%(18.8)%(1.2)%(20.0)%(10.9)%(0.5)%(11.4)%(11.9)%(0.7)%(12.6)%
Services9.0 %(6.9)%2.1 %8.5 %(7.0)%1.5 %6.0 %(5.2)%0.8 %9.9 %(4.5)%5.4 %8.4 %(5.9)%2.5 %
Other18.2 %(3.8)%14.4 %14.4 %(1.3)%13.1 %12.9 %(9.5)%3.4 %18.7 %(0.7)%18.0 %15.9 %(3.8)%12.1 %
Total (6.3)%— %(6.3)%(2.3)%— %(2.3)%(2.8)%— %(2.8)%0.2 %— %0.2 %(2.5)%— %(2.5)%
International:
Computing and Mobile Phones0.7 %— %0.7 %1.7 %(0.1)%1.6 %(0.1)%(0.1)%(0.2)%8.5 %0.2 %8.7 %3.4 %— %3.4 %
Consumer Electronics(6.6)%— %(6.6)%(2.1)%— %(2.1)%(6.1)%(0.2)%(6.3)%(0.7)%— %(0.7)%(3.3)%(0.1)%(3.4)%
Appliances2.0 %0.3 %2.3 %(3.9)%0.1 %(3.8)%(8.1)%— %(8.1)%4.9 %0.2 %5.1 %(0.9)%0.1 %(0.8)%
Entertainment(22.9)%(0.1)%(23.0)%(20.8)%(0.2)%(21.0)%(18.7)%(0.2)%(18.9)%(3.9)%— %(3.9)%(13.3)%(0.1)%(13.4)%
Services5.0 %(2.1)%2.9 %5.9 %— %5.9 %4.0 %1.6 %5.6 %6.2 %0.9 %7.1 %5.3 %0.2 %5.5 %
Other(13.4)%4.0 %(9.4)%(20.1)%3.7 %(16.4)%(12.7)%0.8 %(11.9)%2.4 %(8.1)%(5.7)%(11.0)%0.5 %(10.5)%
Total(3.3)%— %(3.3)%(1.8)%— %(1.8)%(3.7)%— %(3.7)%3.8 %— %3.8 %(0.5)%— %(0.5)%
Q1 FY26Q2 FY26Q3 FY26Q4 FY26FY26
As ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassifiedAs ReportedChangeReclassified
Domestic:
Computing and Mobile Phones5.8 %0.3 %6.1 %3.8 %— %3.8 %7.6 %— %7.6 %5.4 %— %5.4 %5.7 %— %5.7 %
Consumer Electronics(5.2)%— %(5.2)%(4.9)%(0.3)%(5.2)%(2.9)%(0.1)%(3.0)%(7.3)%(0.2)%(7.5)%(5.4)%(0.1)%(5.5)%
Appliances(8.1)%0.1 %(8.0)%(8.5)%(0.7)%(9.2)%(8.4)%(0.4)%(8.8)%(10.5)%(0.3)%(10.8)%(8.9)%(0.4)%(9.3)%
Entertainment(13.3)%(1.9)%(15.2)%37.5 %1.8 %39.3 %14.0 %0.4 %14.4 %(0.3)%(0.3)%(0.6)%6.8 %(0.2)%6.6 %
Services0.9 %(0.3)%0.6 %(1.0)%4.7 %3.7 %(1.0)%2.6 %1.6 %4.6 %(0.6)%4.0 %1.0 %1.5 %2.5 %
Other9.5 %(12.2)%(2.7)%(6.3)%(12.1)%(18.4)%(6.5)%(8.1)%(14.6)%(19.5)%5.0 %(14.5)%(6.3)%(7.0)%(13.3)%
Total(0.7)%— %(0.7)%1.1 %— %1.1 %2.4 %— %2.4 %(0.8)%— %(0.8)%0.4 %— %0.4 %
International:
Computing and Mobile Phones2.3 %(0.6)%1.7 %9.5 %(0.4)%9.1 %9.2 %(0.3)%8.9 %2.6 %0.1 %2.7 %5.5 %(0.3)%5.2 %
Consumer Electronics(1.5)%(0.2)%(1.7)%1.3 %(0.4)%0.9 %3.6 %(0.2)%3.4 %(2.1)%— %(2.1)%(0.1)%(0.2)%(0.3)%
Appliances(2.1)%(0.4)%(2.5)%(5.7)%(0.4)%(6.1)%(4.1)%(0.6)%(4.7)%(6.8)%— %(6.8)%(5.1)%(0.3)%(5.4)%
Entertainment(17.7)%(0.2)%(17.9)%57.3 %0.2 %57.5 %11.3 %— %11.3 %(14.8)%— %(14.8)%(0.6)%— %(0.6)%
Services2.2 %6.8 %9.0 %2.2 %8.5 %10.7 %3.9 %6.3 %10.2 %9.8 %0.2 %10.0 %5.2 %4.8 %10.0 %
Other(7.9)%(5.3)%(13.2)%6.5 %(13.6)%(7.1)%3.3 %(7.4)%(4.1)%(24.2)%6.1 %(18.1)%(6.3)%(5.1)%(11.4)%
Total(0.7)%— %(0.7)%7.6 %— %7.6 %6.3 %— %6.3 %(1.3)%— %(1.3)%2.3 %— %2.3 %
(1) The method of calculating comparable sales varies across the retail industry. As a result, the Company's method of calculating comparable sales may not be the same as other retailers’ methods. For additional information on comparable sales, please see the Company's most recent Annual Report on Form 10-K, and subsequent Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission, and available at www.investors.bestbuy.com.



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