百思买Best Buy (BBY) 2015财年年度报告「NYSE」.pdf

1、FISCAL 2015ANNUAL REPORT March 31,2015 Dear Fellow Shareholders:Two years into our Renew Blue transformation,I am happy to report that our Company has made considerable progress in improving its performance and that we have an exciting journey ahead of us.Let me elaborate.In the fall of 2012,we laun

2、ched our Renew Blue strategy with the goal of addressing our two problems declining comps and declining margins.The strategy was structured around five pillars:Reinvigorate and rejuvenate the customer experience Attract and inspire leaders and employees Work with vendor partners to innovate and driv

3、e value Increase our return on invested capital for investors Continue our leadership role in positively impacting our world In FY15,we articulated our value proposition around advice,service and convenience at competitive prices and started to use Expert Service.Unbeatable Price.as our signature.We

4、 also defined our growth strategy,Renew Blue:Ignite the Possible,around key growth opportunities across product categories,“Life Events”and Services,all supported by the transformation of our key functions.A MESSAGE FROM HUBERT JOLY,PRESIDENT&CEO 2 Two years after launching Renew Blue,where are we?T

5、o put it simply,we have made significant progress in addressing our two problems:Our Domestic comparable sales were up in FY15 Our Domestic non-GAAP operating income rate improved 100 basis points,compared to FY14,to 4.1%in FY15(4.0%on a GAAP basis)And,at the Enterprise level,we reported non-GAAP ea

6、rnings per share from continuing operations of$2.60($3.53 on a GAAP basis)for FY15 versus$2.07($2.00 on a GAAP basis)for FY14,a 26%increase.We also ended the year with$3.9 billion in cash,cash equivalents and short-term investments,versus$2.6 billion last year.This improvement in our performance is