Best Buy Reports December Revenue of $8.4B, Down From Last Year

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Via News Release

“LAS VEGAS, Jan. 7, 2011 – Best Buy Co., Inc. (NYSE: BBY) today reported from the Consumer Electronics Show that revenue for the fiscal month of December ended Jan. 1, 2011, decreased 1.6 percent to $8.4 billion.

The revenue decline for the five-week period, as compared to $8.5 billion in revenue for the five-week period ended Jan. 2, 2010, was due primarily to a comparable store sales decline of 4.0 percent partially offset by the addition of new stores in the past 12 months and the favorable impact of fluctuations in foreign currency exchange rates. “

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