Best Buy — Aug 28, 2025 release

Share Repurchases and Dividends In Q2 FY26, the company returned a total of $266 million to shareholders through dividends of $201 million and share repurchases of $65 million. On a year-to-date basis, the company has returned a total of $568 million to shareholders through dividends of $403 million and share repurchases of $165 million. The company expects to spend approximately $300 million on share repurchases during FY26. Today, the company announced its board of directors has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on October 9, 2025, to shareholders of record as of the close of business on September 18, 2025. Conference Call Best Buy is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on August 28, 2025. A webcast of the call is expected to be available at www.investors.bestbuy.com, both live and after the call. Notes: (1) The method of calculating comparable sales varies across the retail industry. As a result, our method of calculating comparable sales may not be the same as other retailers’ methods. For additional information on comparable sales, please see our most recent Annual Report on Form 10-K, and our subsequent Quarterly Reports on Form 10-Q, filed with the Securities and Exchange Commission (“SEC”), and available at www.investors.bestbuy.com. (2) A reconciliation of the projected adjusted operating income rate, adjusted effective income tax rate, and adjusted diluted EPS, which are forward-looking non-GAAP financial measu