百思买Best Buy (BBY) 2005财年年度报告「NYSE」.pdf

1、Fiscal 2005 Annual ReportFAST FORWARD.Best BuyFINANCIAL HIGHLIGHTSBest Buy 05 Annual Report(U.S.dollars in millions,except per share and per retail square foot amounts)Fiscal 2005Fiscal 2004Fiscal 2003Revenue$27,433$24,548$20,943Comparable store sales gain4.3%7.1%2.4%Gross profit rate23.7%23.9%23.6%

2、SG&A rate18.4%18.6%18.8%Operating income rate5.3%5.3%4.8%Earnings from continuing operations$934$800$622Net earnings$984$705$99Diluted earnings per share continuing operations(1)$2.79$2.41$1.90Diluted earnings per share(1)$2.94$2.13$0.31Cash and short-term investments$3,348$2,600$1,914Debt-to-capita

3、lization ratio(2)12%20%23%Cash dividends per share declared and paid$0.42$0.40Value of common shares repurchased$200$100Total retail square footage(in thousands)(3)31,593 29,439 26,807Revenue per retail square foot(4)$905$879$827Number of stores(3)U.S.Best Buy stores668608548Magnolia Audio Video sto

4、res202219Future Shop stores114108104Canadian Best Buy stores30198(1)Diluted earnings per share for fiscal 2004 and fiscal 2003 have been restated to reflect the adoption of EITF Issue No.04-08,The Effect of Contingently ConvertibleInstruments on Diluted Earnings per Share(2)Represents total debt(inc

5、luding current portion of long-term debt)divided by total capitalization(total debt+total shareholders equity)(3)At period end(4)Represents revenue divided by weighted average retail square footageProduct Revenue Mix(fiscal 2005)Our consumer electronics product group including TVs,DVD players,MP3 pl

6、ayers,cameras and audio equipmentincreased in the revenue mix for fiscal 2005.39%Consumer Electronics6%Appliances34%Home Office21%EntertainmentSoftwareFY 05FY 04FY 03Market ShareWe increased our market share in fiscal 2005 by opening new stores and improving our execution at existing stores.Source:C