百思买Best Buy (BBY) 2002财年年度报告「NYSE」.pdf

1、Extending ourLeadershipBest Buy Co.,Inc.Fiscal 2002 Annual ReportExtending our LeadershipOur Vision:Making Life Fun and EasyBest Buy Co.,Inc.(NYSE:BBY)is North Americas No.1 specialty retailer.We currently operate Best Buy,the top U.S.retailer of technology and entertainmentproducts and services wit

2、h nearly 500 stores;Future Shop,the leading Canadianretailer of technology and entertainment products and services with 95 stores;Magnolia Hi-Fi,a 13-store retailer of top-of-the-line consumer electronics in thePacific Northwest;Media Play,a retailer of family entertainment software productswith 76

3、stores;On Cue and Sam Goody,which sell movies,music and gaming products and services for young adults through approximately 850 stores locatedin small market strip centers and urban malls;and Suncoast,a mall-based retailerof movies with approximately 400 stores.Key wins from fiscal 2002:Revenues gre

4、w 28 percent to$19.6 billion.Earnings increased more than 40 percent to$570 million.Operating margins rose 0.90 percentage points to 4.8 percent of revenues.Comparable store sales gained 1.9 percent.We acquired Future Shop,Canadas leading specialty retailer.We opened 62 Best Buy stores,including our

5、 entry into Seattle.We met our operating goals for Musiclands first full year of business.Goals for fiscal 2003:Boost revenues and earnings by 17to 21 percent.Increase comparable store sales by 3 to 4 percent at our U.S.stores and 7to 9 percent at our Canadian stores.Open more than100 stores across

6、our various brands.Continue to improve our retail execution and build on ourNo.1 relationship with the customer.Leverage capabilities and competencies acrossthe company.Table of Contents2Letter to Shareholders6Best Buy9Musicland12Future Shop14Magnolia Hi-Fi16Company Snapshot18Ten-Year Financial High