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BEST BUY REPORTS MAY 1993 AND FIRST QUARTER SALES

 MINNEAPOLIS, June 3 /PRNewswire/ -- Best Buy Co., Inc. (NYSE: BBY), today reported sales for May 1993, a four-week period ended May 29, and the first quarter of the company's fiscal 1994 year.
 According to Allen Lenzmeier, chief financial officer, May 1993 sales of $142 million were 80 percent more than the $78 million achieved for the comparable four-week period last year. Sales for the first fiscal quarter were $442 million, an 80 percent increase over $246 million for the comparable period last year.
 Comparable store sales increased 17 percent for May 1993 and increased 15 percent for the first quarter. The company currently has 116 locations, 73 of which are considered comparable. The company opened five stores during the first quarter, four in the Chicagoland area during March and April and one store in Toledo, Ohio, in May.
 Best Buy reports sales on a 5-4-4 week basis. First quarter earnings are expected to be released the week of June 21. Best Buy is the nation's second largest publicly held consumer electronics and major appliance specialty retailer. The company, now in its 27th year, sells nationally recognized name brand consumer electronics, home office products, major appliances, entertainment software and photographic equipment at 116 stores in 15 states (Minnesota, Texas, Illinois, Wisconsin, Missouri, Indiana, Colorado, Iowa, Kansas, Nebraska, Oklahoma, Arkansas, New Mexico, Ohio and South Dakota.) Best Buy's common stock is traded on the New York Stock Exchange, symbol BBY.
 -0- 6/3/93
 /CONTACT: Allen Lenzmeier of Best Buy Co., 612-896-2454/
 (BBY)


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

MA -- MN004 -- 4763 06/03/93 08:30 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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