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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

08/09/2007 | 03:15pm 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


ę Business Wire 2007
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Financials (USD)
Sales 2022 51 356 M - -
Net income 2022 2 487 M - -
Net cash 2022 3 044 M - -
P/E ratio 2022 10,7x
Yield 2022 2,64%
Capitalization 25 762 M 25 762 M -
EV / Sales 2022 0,44x
EV / Sales 2023 0,46x
Nbr of Employees 79 050
Free-Float 89,6%
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Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 106,17 $
Average target price 128,06 $
Spread / Average Target 20,6%
EPS Revisions
Managers and Directors
Corie Sue Barry Chief Executive Officer & Director
Matthew Bilunas Chief Financial Officer
J. Patrick Doyle Chairman
Brian Tilzer Chief Digital & Technology Officer
Daniel Grossman Chief Medical Officer
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