百思买Best Buy (BBY) 2001财年年度报告「NYSE」.pdf

1、We improve peoples lives by making technology and entertainment products affordable and easy to use.Table of ContentsFinancial Highlights1Chairmans Letter to Shareholders4Best Buy Business Review10Musicland Business Review14Magnolia Hi-Fi Business Review18Ten-year Financial Highlights 20Managements

2、Discussion and Analysis22Consolidated Financial Statements36Notes to Financial Statements41Store Map58Directors and Executive Officers59Glossary60Company Information61Pursuing Our MissionMinneapolis-based Best Buy Co.,Inc.(NYSE:BBY)is the nations number one specialty retailer of consumer electronics

3、,personalcomputers,entertainment software and appliances.The Company operates retail stores and commercial Web sites under thenames:Best Buy(BestB),Magnolia Hi-Fi,Media Play(MediaP),On Cue(OnC),Sam Goody(SamG)and Suncoast(S).The Company reaches consumers through more than 1,700 retail stores nationw

4、ide,in Puerto Ricoand in the U.S.Virgin Islands and employs more than 75,000 people.Best Buy Co.,Inc.1Achieving Record ResultsHighlights of our performance in fiscal 2001 include:Sales increased 23 percent to a record$15.3 billion.Net earnings rose 14 percent to a record$396 million.We created$138 m

5、illion in EVA.We opened 62 Best Buy stores,including our entry into the New York area.We announced our planned expansion into Canada.We completed the acquisition of Musicland Stores Corporation,including itsfour brands:Media Play,On Cue,Sam Goody and Suncoast.We acquired Magnolia Hi-Fi,Inc.,which op

6、erates 13 stores featuring high-endhome theater products.Sales of digital products grew 50 percent to represent 15 percent of sales forthe fourth quarter.We launched BestB,helping to define“clicks and mortar”retailing.Best Buy Co.,Inc.2Company SnapshotCompany SnapshotOur home office category generat