1、Fi scal 2025Annual ReportCEO Cori e BarryA message fromI am pl eased to hi ghl i ght the progress Best Buy has made duri ng f i scal 2025 and share our pl ans for the year ahead.Fi rst,I want to extend my grati tude to our i ncredi bl e team of more than 80,000 empl oyees,whose remarkabl e creati vi

2、 ty,commi tment and enthusi asm conti nue to fuel Best Buy.Despi te faci ng a vol ati l e busi ness envi ronment,our empl oyees remai ned steadfast i n thei r focus on servi ng our customers.Thei r di sci pl i ned operati onal executi on and deep commi tment to creati ng i nspi ri ng experi ences fo

3、r consumers,hel ped Best Buy achi eve posi ti ve comparabl e sal es i n the fourth quarter of the f i scal year.It was the f i rst quarter of posi ti ve comparabl e sal es growth si nce the thi rd quarter of f i scal year 2022.Thi s si gni f i cant achi evement underscores the teams tal ent and resi

4、 l i ence.We al so l aunched our bol d,new brandi ng and,i n partnershi p wi th our vendors,made strategi c i nvestments i n both our di gi tal busi ness and our i n-store experi ences.By emphasi zi ng personal i zati on and i gni ti ng el ements of di scovery,these i nvestments have el evated custo

5、mer experi ences across al l touchpoi nts.Our My Best Buy membershi p program had hi gher engagement across al l three ti ers and ended the year wi th nearl y 8 mi l l i on pai d members.My Best Buy not onl y provi des val ue to members but al so serves as a source of growth for our ri ch,f i rst-pa

6、rty data.Our data,i n turn,fuel s other major i ni ti ati ves,l i ke our retai l medi a network,Best Buy Ads.We conti nued to bui l d and scal e new prof i t streams,setti ng the stage,we bel i eve,for accel erated growth.We expect f i scal 2026 wi l l be pi votal for Best Buy Ads,and we anti ci pat