UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported) October 20, 2004

 

 

BEST BUY CO., INC.

(Exact name of registrant as specified in its charter)

 

Minnesota

 

1-9595

 

41-0907483

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

 

 

 

 

7601 Penn Avenue South
Richfield, Minnesota

 

 

 

55423

(Address of principal executive offices)

 

 

 

(Zip Code)

 

Registrant’s telephone number, including area code (612) 291-1000

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 


 

 

Item 7.01 Regulation FD Disclosure.

 

Pursuant to Item 7.01, “Regulation FD Disclosure,” information is being furnished with respect to a broadcast interview conducted by CNBC on October 20, 2004, with the registrant’s Vice Chairman and Chief Executive Officer, Brad Anderson. In the interview, Mr. Anderson misspoke regarding the registrant’s forecasted revenue growth. The registrant continues to project, as previously disclosed, revenue for fiscal 2005 to increase by 11% to 13% from fiscal 2004 revenue. The registrant has not completed its revenue forecast for the next several years.  The registrant will provide its projected revenue growth rate for fiscal 2006 during its fourth-quarter fiscal 2005 earnings conference call scheduled for March 30, 2005.

 

Best Buy Co., Inc.’s Annual Report to Shareholders and its reports on Forms 10-K, 10-Q and 8-K and other publicly available information should be consulted for other important information about the registrant.

 

The information in this Current Report on Form 8-K,  hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section. The information in this Current Report shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

BEST BUY CO., INC.

 

 

(Registrant)

 

 

 

Date: October 21, 2004

 

/s/ Bruce H. Besanko

 

 

 

Bruce H. Besanko

 

 

Vice President – Finance

 

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