Best Buy Updates Fiscal 2008 EPS Guidance to Range of $3.05 to $3.10

Continued market share growth supports plan for approximately 140 new stores in fiscal 2009

MINNEAPOLIS, Feb. 15, 2008 Based on lower-than-expected revenue growth in fiscal January coupled with its near-term outlook, Best Buy Co., Inc. (NYSE: BBY) reported today that it now expects its fiscal 2008 earnings per diluted share to be $3.05 to $3.10 for the fiscal year which concludes on March 1, 2008, an approximately 10-percent increase compared with its EPS of $2.79 for the prior year. The company previously had provided earnings guidance of $3.10 to $3.20 per share for fiscal 2008.

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