Washington, D.C.  20549



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

Date of Report (Date of earliest event reported) December 12, 2006


(Exact name of registrant as specified in its charter)







(State or other jurisdiction




(IRS Employer

of incorporation)


File Number)


Identification No.)



7601 Penn Avenue South





Richfield, Minnesota





(Address of principal executive offices)




(Zip Code)



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



(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 2.02 Results of Operations and Financial Condition.

On December 12, 2006, Best Buy Co., Inc. issued a news release announcing its results of operations for the third fiscal quarter and nine months ended November 25, 2006. In the news release, the registrant reiterated its earning guidance for the fiscal year ending March 3, 2007. In addition, the registrant updated certain other components of its financial outlook, including its comparable store sales guidance, for the fiscal year ending March 3, 2007.

The registrant is scheduled to conduct an earnings conference call at 10 a.m. Eastern Standard Time on December 12, 2006. The earnings conference call is expected to be available live on the registrant’s Web site at www.BestBuy.com — select the “For Our Investors” link.

The news release issued on December 12, 2006, is furnished as Exhibit No. 99 to this Current Report on Form 8-K. 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, including Exhibit No. 99 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.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

The following is furnished as an Exhibit to this Report.

Exhibit No.


Description of Exhibit



News release issued December 12, 2006 (furnished pursuant to Item 2.02). Any internet addresses provided in this release are for information purposes only and are not intended to be hyperlinks. Accordingly, no information in any of these internet addresses is included herein.



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.









Date: December 12, 2006


/s/ Susan S. Grafton



Susan S. Grafton



Vice President — Financial Operations



and Controller