Best Buy 2006 Annual Report Download - page 31
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17
PART I
We are highly dependent on the cash flows and net
earnings we generate during our fourth fiscal quarter,
which includes the majority of theholiday selling season.
Approximately one-third of our revenue andmorethan
one-half of ournet earnings are generated in our fourth
fiscal quarter, which includes the majority of the holiday
selling season. Unexpected events or developments such as
natural disasters, man-made disasters and adverse
economic conditions in our fourth quarter could have a
material adverse effect on our revenue and earnings.
The foregoing should not be construed as an exhaustive list
of all factors that could cause actual results to differ
materially from those expressed in forward-looking
statements made by us or on ourbehalf.
Item 1B. Unresolved Staff Comments.
At February 25, 2006, there were no unresolved comments
from the SEC staff regarding our periodicor current reports.