Best Buy 2016 Annual Report Download - page 8

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Please find page 8 of the 2016 Best Buy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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In closing, let me say this: 2016 is a special year in the history of Best Buy, as it marks our
50th anniversary. From our humble beginnings as a single “Sound of Music” store in St.
Paul, Minnesota, we have grown to be a specialty retailer that has a strong legacy of
innovation, ranging from non-commissioned sales associates to the scaling of the Geek
Squad, the incorporation of premium products and services, to in-store pickup and ship-
from-store. Time and time again, Best Buy has created a way forward.
As I approach the four-year anniversary of my appointment as CEO, I remain humbled by
the talent and passion of my colleagues throughout the company. When I think about
how much we have been able to accomplish, I cannot adequately express how proud I
am to be associated with our company’s 125,000 employees. I am incredibly grateful for
their support and commitment. Together, we are determined to shape a great future for
Best Buy, for the benefit of all our stakeholders.
Respectfully,
Hubert Joly, Chairman and CEO
Best Buy Co., Inc.
____________________________
* For “Revenue - As Reported to Revenue - As Adjusted,” “GAAP to non-GAAP” and “Return on Invested
Capital” definitions and reconciliations, please refer to the schedules on the last two pages of the
company’s 2016 Annual Report.