百思买Best Buy (BBY) 1999财年年度报告「NYSE」.pdf

1、Fiscal 1999 Annual ReportTechnologyBest Buy is the Nations Leading Specialty Retailer of Name Brand Consumer Electronics,Personal Computers,Entertainment Software and AppliancesIt is our vision to meet our customersat the intersection of technology and life.1Financial Highlights4Letter to Shareholde

2、rs8Company Review18Store Locations Map20Consolidated Financial Data22Managements Discussion&Analysis40General Information41Board of Directors and OfficersTable of ContentsWho We AreWhat a Year!The past 10 years have been the Companys most active,with growth from$500 million in annual revenues to mor

3、e than$10 billion today.Over$10 billion in revenues Two 2-for-1 stock splits in the past 10 months Record earnings of$224 million,a 138%increase over FY 98 Exceeded$10 billion in market capitalization Over$1 billion in shareholders equityTO OUR SHAREHOLDERS,EMPLOYEES,CUSTOMERSAND VENDORS:This has be

4、en the most successful year in the Companys 33-yearhistory.We have achieved many company milestones this yearthrough the efforts of our dedicated employees,as well as thecontinued support of our supplier community.I am extremely pleased to report that in fiscal 1999 Best Buyattained record revenues

5、of more than$10 billion,earnings of$224 million a 138%increase and our market capitalizationexceeded$10 billion.During the past calendar year,our per-share stock price improved by 233%,ranking second in“highesttotal return to investors,”according to Fortune magazine.InMay 1998 and March 1999,we were

6、 able to provide our share-holders a two-for-one stock split,both in the form of a 100%dividend.We clearly surpassed our goals for fiscal 1999 as we concentratedon sustaining the momentum from our fiscal 1998 strategicinitiatives capitalizing upon our Process to Profits program,enhancing our retail