Best Buy 2004 Annual Report Download - page 19

Best Buy Co., Inc. 17
2000 1999
$12,494 $ 10,065
2,393 1,815
1,854 1,464
539 351
347 216
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347 216
$1.09 $ 0.69
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1.09 0.69
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53.67 32.67
27.00 9.83
11.1% 13.5%
19.2% 18.0%
14.8% 14.5%
4.3% 3.5%
$453 $ 662
2,995 2,532
31 61
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1,096 1,034
357 311
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16,205 14,017
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— —
— —
1998 1997 1996 1995 1994(2)
$8,338 $ 7,758 $ 7,215 $ 5,080 $ 3,007
1,312 1,046 934 690 457
1,146 1,006 814 568 380
166 40 120 122 77
82 (6) 46 58 42
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—— —— (1)
82 (6) 46 58 41
$0.30 $ (0.02) $ 0.18 $ 0.21 $ 0.17
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0.30 (0.02) 0.18 0.21 0.17
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10.20 4.37 4.94 7.54 5.24
1.44 1.31 2.13 3.69 1.81
2.0% (4.7%) 5.5% 19.9% 26.9%
15.7% 13.5% 12.9% 13.6% 15.2%
13.7% 13.0% 11.3% 11.2% 12.6%
2.0% 0.5% 1.7% 2.4% 2.6%
$666 $ 563 $ 585 $ 609 $ 363
2,070 1,740 1,892 1,507 952
225 238 230 241 220
230 230 230 230 —
536 429 430 376 311
284 272 251 204 151
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12,694 12,026 10,771 8,041 5,072
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(4) Earnings per share is presented on a diluted basis and reflects a three-for-two stock split in May 2002; two-for-one stock splits
in March 1999, May 1998 and April 1994; and a three-for-two stock split in September 1993.
(5) Comprised of revenue at stores and Internet sites operating for at least 14 full months, as well as remodeled and expanded
locations. Relocated stores are excluded from the comparable store sales calculation until at least 14 full months after reopening.
Acquired stores are included in the comparable store sales calculation beginning with the first full quarter following the first
anniversary of the date of acquisition. The calculation of the comparable store sales percentage change excludes the impact of
fluctuations in foreign currency exchange rates.
In the third quarter of fiscal 2004, we refined our methodology for calculating our comparable store sales percentage change.
It now reflects the impact of non-point-of-sale (non-POS) revenue transactions. We refined our comparable store sales calculation
in light of changes in our business. Previously, our comparable store sales calculation was based on store POS revenue. The
comparable store sales change for fiscal 2004 has been computed based on the refined methodology. The comparable store
sales changes for prior fiscal years have not been computed using the refined methodology. Refining the methodology for
calculating our comparable store sales percentage change did not impact previously reported revenue, earnings or cash flows.
(6) Includes both continuing and discontinued operations.