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BEST BUY COMPANY REPORTS NOVEMBER 1993 AND THIRD QUARTER SALES

 MINNEAPOLIS, Dec. 2 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY), today reported sales for November 1993, a four-week period ended Nov. 27, and the third quarter of the company's 1994 fiscal year.
 According to Allen Lenzmeier, chief financial officer, November 1993 sales of $326 million were 73 percent more than the $188 million achieved for the comparable four-week period last year. Sales for the third fiscal quarter were $808 million, a 70 percent increase over $474 million for the comparable period last year. Sales for the first three quarters of fiscal 1994 (39 weeks) were $1.81 billion, an increase of 79 percent over $1.01 billion for the same period last year.
 Comparable stores had sales increases of 18 percent for November 1993 and 21 percent for the third quarter and year-to-date periods. The company currently has 149 locations, 84 of which were considered comparable in November. Lenzmeier stated, "Sales over the Thanksgiving period were much stronger than management's expectations and promotional in nature. The company expects third quarter earnings to be near the top end of analysts' estimates."
 Best Buy grand opened 25 stores during the third quarter, including entry into the major markets of Atlanta and Phoenix with six locations each. The company also opened three additional locations in Chicago, and one location each in Tyler and Waco, Texas; Fort Smith, Ark.; Toledo, Ohio; South Bend, Ind.; Wichita, Kan.; Augusta, Ga.; and Grand Rapids, Detroit, and Flint, Mich.
 Best Buy is the nation's second largest publicly held consumer electronics and major appliance specialty retailer. The company, now in its 28th year, sells nationally recognized name brand consumer electronics, personal computers and home office products, major appliances, entertainment software and photographic equipment at 149 stores in 18 states primarily in the central United States. Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 12/2/93 R
 /CONTACT: Allen Lenzmeier, finance, 612-896-2454; or Susan Hoff, media, 612-896-2443, both of Best Buy/
 (BBY)


CO: Best Buy Co., Inc. ST: Minnesota IN: REA SU: SLS

CP-DB -- MN002R -- 9655 12/02/93 09:15 EST
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Publication:PR Newswire
Date:Dec 2, 1993
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