Best Buy 2000 Annual Report Download - page 4

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2
To Our Shareholders:
Since our inception 34 years ago, our Company has never been as
prepared to compete successfully. We are more fully aligned than ever and proud of our performance
in this past year.
Our net earnings improved 60%, to $347 million.
The digital revolution delivered exciting new products, enabling us to capitalize on our
position as the fun and informative place to buy technology products and services.
We announced several strategic alliances and investments as the industry began to migrate
toward partnerships to meet consumers’ changing needs.
Best Buy was recognized as one of Fortune magazine’s 10 best-performing stocks of the ’90s.
As a recent inductee to the S&P 500 Index on June 29, 1999, we placed 25th on Business
Week’s fourth annual performance ranking of companies in the S&P 500.
Chairman’s Letter