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MarketScreener Homepage  >  Equities  >  Nyse  >  Best Buy Co., Inc    BBY

BEST BUY CO., INC

(BBY)
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Best Buy Co : Best Buy News Media Policy Eases Store Access For Massachusetts Sales Tax Holiday

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08/09/2007 | 04:15pm EDT

Best Buy Co., Inc. (NYSE:BBY):


What: Best Buy is pleased to participate in Massachusetts' upcoming
      sales tax holiday Aug. 11-12, 2007. The sales tax holiday offers
      consumers the chance to make tax-free purchases on technology
      and entertainment for products up to $2,500 in Best Buy stores.

      Store hours will be extended to accommodate the holiday. These
      hours are:
      Saturday, Aug. 11 -- 8 a.m. to 11 p.m.
      Sunday, Aug. 12 -- 9 a.m. to 9 p.m.

      Local Best Buy BlueShirts may be available for live or taped
      in-store interviews and can offer:

                -- Back-to-school shopping advice
                -- Information about the latest technology
                -- B-roll or photography

How:       Best Buy Public Relations Department is instituting a
           "manager-approval" news media policy for newspaper, TV and
           radio reporters for the sales tax holiday. This policy
           empowers store managers to approve or decline sales tax
           holiday news media stories without having to obtain
           approval from the corporate Best Buy Public Relations
           department.

           Please visit www.bestbuy.com/storelocator for store
           location and contact information

About Best Buy Co., Inc.

Best Buy Co., Inc. (NYSE:BBY) operates a global portfolio of brands with a commitment to growth and innovation. Our employees strive to provide customers around the world with superior experiences by responding to their unique needs and aspirations. We sell consumer electronics, home-office products, entertainment software, appliances and related services through more than 1,150 retail stores across the United States, throughout Canada and in China. Our multi-channel operations include: Best Buy (BestBuy.com, BestBuy.ca and BestBuy.com.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Pacific Sales Kitchen and Bath Centers (PacificSales.com), Magnolia Audio Video (Magnoliaav.com), Speakeasy (Speakeasy.net) and Jiangsu Five Star Appliance Co. (Five-Star.cn). Best Buy supports the communities in which its employees work and live through volunteerism and grants that benefit children and education.

Media Contacts:
Best Buy Public Relations, 612-292-NEWS
newscenter@bestbuy.com

© Business Wire 2007

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Financials (USD)
Sales 2021 45 206 M - -
Net income 2021 1 721 M - -
Net cash 2021 2 336 M - -
P/E ratio 2021 17,3x
Yield 2021 1,94%
Capitalization 29 600 M 29 600 M -
EV / Sales 2021 0,60x
EV / Sales 2022 0,60x
Nbr of Employees 125 000
Free-Float 88,6%
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Technical analysis trends BEST BUY CO., INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 118,17 $
Last Close Price 113,58 $
Spread / Highest target 18,9%
Spread / Average Target 4,04%
Spread / Lowest Target -34,8%
EPS Revisions
Managers
NameTitle
Corie Sue Barry Chief Executive Officer & Director
Rajendra Michael Mohan President & Chief Operating Officer
J. Patrick Doyle Chairman
Matthew Bilunas Chief Financial Officer
Brian Tilzer Chief Digital & Technology Officer
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