Best Buy 2007 Annual Report Download - page 7

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05
Best Buy 2007 Annual Report |
financial highlights
(U.S. dollars in millions, except per share and per retail square foot amounts) Fiscal 2007 (1) Fiscal 2006 Fiscal 2005 (2)
Revenue $35,934 $30,848 $27,433
Comparable store sales % gain 5.0% 4.9% 4.3%
Gross profit as % of revenue 24.4% 25.0% 23.7%
SG&A as % of revenue 18.8% 19.7% 18.4%
Operating income as % of revenue 5.6% 5.3% 5.3%
Earnings from continuing operations $1,377 $ 1,140 $ 934
Net earnings $1,377 $ 1,140 $ 984
Diluted earnings per share —continuing operations $2.79 $ 2.27 $ 1.86
Diluted earnings per share $2.79 $ 2.27 $ 1.96
Cash, cash equivalents and short-term investments $3,793 $ 3,789 $ 3,348
Debt-to-capitalization ratio (3) 9% 10% 12%
Cash dividends per share declared and paid $0.36 $ 0.31 $ 0.28
Value of common shares repurchased $ 599 $ 772 $ 200
Total retail square footage (in thousands) (4) 41,885 34,390 31,604
Revenue per retail square foot (5) $936 $ 941 $ 905
Number of stores: at period end
Best Buy—U.S. 822 742 668
Magnolia Audio Video 20 20 20
Pacific Sales 14 – –
Future Shop 121 118 114
Best Buy—Canada 47 44 30
Five Star 135 ––
Best Buy—China 1––
(1) Fiscal 2007 included 53 weeks. All other periods presented included 52 weeks
(2) In Fiscal 2005 we did not recognize stock-based compensation expense
(3) Represents total debt (including current portion of long-term debt) divided by total capitalization (total debt + total shareholders’ equity)
(4) At period end. Includes Geek Squad stand-alone stores
(5) Represents revenue divided by weighted average retail square footage
FY07FY06FY05FY04
FY03FY02
$157.82
$100.00
$139.07
$137.12
Best Buy Co., Inc. S&P 500 S&P Retailing Group
Our five-year total shareholder return, including stock price appreciation and
dividends, continued to outperform the S&P 500 and its index of retailers.
Source: Research Data Group
Return on invested capital
We continue to generate a strong ROIC as we invest
in our core business and extend into new markets.
FY 07FY 06FY 05 FY 06FY 05FY 04 FY 06FY 05FY 04 FY 07FY 06FY 05 FY 07
FY 06
FY 05
(from continuing operations)
21%
22%
20%
Total shareholder return
Cumulative total return among Best Buy Co., Inc.; the S&P 500 Index;
and the S&P Retailing Group