Best Buy Raises Fourth-Quarter Earnings Outlook; Expects 23-Percent Quarterly Earnings Growth Company To Open Nearly 90 New Stores In Fiscal 2007.

Business Wire › February 09, 2006

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Best Buy Raises Fourth-Quarter Earnings Outlook; Expects 23-Percent Quarterly Earnings Growth Company To Open Nearly 90 New Stores In Fiscal 2007.

MINNEAPOLIS -- Best Buy Co., Inc. (NYSE:BBY) today raised its earnings outlook for the fiscal 2006 fourth quarter and year, which ends on Feb. 25, 2006. For the fiscal fourth quarter, the company expects earnings from continuing operations of $1.25 to $1.30 per diluted share, an increase of approximately 23 percent compared with the prior year's fourth quarter on an adjusted basis(1). Best Buy previously had issued earnings guidance for the fiscal fourth quarter approaching the high end of its range of $1.06 to $1.16 per diluted share. For the prior-year fou...

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