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					                                                       3/26/2004
               Company                    Ticker         Price

BestBuy                                    BBY          48.19
Circuit City Stores, Inc                   CC           10.70
RadioShack Corporation                     RSH          32.42
Tweeter Home Entertainment Group, Inc     TWTR           9.59

Excluded Comparables                       Why Excluded

CompUSA Inc.                            Private firm
P.C. Richard & Son                      Private firm
RADIOSHACK CORP
ANNUAL FINANCIAL INFORMATION

BALANCE SHEET
    ANNUAL ASSETS (000s)
FISCAL YEAR ENDING              12/31/2003     12/31/2002     12/31/2001
CASH                                 634,700        446,500        401,400
MRKTABLE SECURITIES                       NA             NA             NA
RECEIVABLES                          182,400        206,100        276,300
INVENTORIES                          766,500        971,200        949,800
RAW MATERIALS                             NA             NA             NA
WORK IN PROGRESS                          NA             NA             NA
FINISHED GOODS                            NA             NA             NA
NOTES RECEIVABLE                          NA             NA             NA
OTHER CURRENT ASSETS                  83,000         83,100         86,800
TOTAL CURRENT ASSETS               1,666,600      1,706,900      1,714,300
PROP, PLANT & EQUIP                  513,100        421,600        417,700
ACCUMULATED DEP                           NA             NA             NA
NET PROP & EQUIP                     513,100        421,600        417,700
INVEST & ADV TO SUBS                      NA             NA             NA
OTHER NON-CUR ASSETS                      NA             NA             NA
DEFERRED CHARGES                          NA             NA             NA
INTANGIBLES                               NA             NA             NA
DEPOSITS & OTH ASSET                  64,200         99,400        113,100
TOTAL ASSETS                       2,243,900      2,227,900      2,245,100

    ANNUAL LIABILITIES (000S)
FISCAL YEAR ENDING              12/31/2003     12/31/2002     12/31/2001
NOTES PAYABLE                         77,400         36,000        105,500
ACCOUNTS PAYABLE                     300,200        312,600        206,700
CUR LONG TERM DEBT                        NA             NA             NA
CUR PORT CAP LEASES                       NA             NA             NA
ACCRUED EXPENSES                     343,000        318,700        336,100
INCOME TAXES                         137,500        160,900        178,100
OTHER CURRENT LIAB                        NA             NA             NA
TOTAL CURRENT LIAB                   858,100        828,200        826,400
MORTGAGES                                 NA             NA             NA
DEFERRED CHARGES/INC                      NA             NA             NA
CONVERTIBLE DEBT                          NA             NA             NA
LONG TERM DEBT                       541,300        591,300        565,400
NON-CUR CAP LEASES                        NA             NA             NA
OTHER LONG TERM LIAB                  75,200         80,300         75,200
TOTAL LIABILITIES                  1,474,600      1,499,800      1,467,000
MINORITY INT (LIAB)                       NA             NA             NA
PREFERRED STOCK                           NA             NA         64,500
COMMON STOCK NET                                191,000        236,000         236,000
CAPITAL SURPLUS                                  75,200         70,000         138,800
RETAINED EARNINGS                             1,210,600      2,002,500       1,787,300
TREASURY STOCK                                  707,200      1,579,900       1,443,500
OTHER EQUITIES                                     -300           -500          -5,000
SHAREHOLDER EQUITY                              769,300        728,100         778,100
TOT LIAB & NET WORTH                          2,243,900      2,227,900       2,245,100

     ANNUAL INCOME (000s)
FISCAL YEAR ENDING                         12/31/2003      12/31/2002     12/31/2001
NET SALES                                     4,649,300       4,577,200      4,775,700
COST OF GOODS                                 2,333,600       2,338,900      2,478,900
GROSS PROFIT                                  2,315,700       2,238,300      2,296,800
R & D EXPENDITURES                                   NA              NA             NA
SELL GEN & ADMIN EXP                          1,740,000       1,728,600      1,713,900
INC BEF DEP & AMORT                             575,700         509,700        582,900
DEPRECIATION & AMORT                             92,000          94,700        108,300
NON-OPERATING INC                                24,800          53,300       -132,300
INTEREST EXPENSE                                 35,700          43,400         50,800
INCOME BEFORE TAX                               472,800         424,900        291,500
PROV FOR INC TAXES                              174,300         161,500        124,800
MINORITY INT (INC)                                   NA           4,500          4,900
INVEST GAINS/LOSSES                                  NA              NA             NA
OTHER INCOME                                         NA              NA             NA
NET INC BEF EX ITEMS                            298,500         258,900        161,800
EX ITEMS & DISC OPS                                  NA              NA             NA
NET INCOME                                      298,500         258,900        161,800
OUTSTANDING SHARES                              162,552         171,727        176,800

CASH FLOW PROVIDED BY OPERATING
ACTIVITY (000s)
Fiscal Year Ending                         12/31/2003      12/31/2002     12/31/2001
Net Income (Loss)                               298,500         263,400        166,700
Depreciation/Amortization                        92,000          94,700        108,300
Net Incr (Decr) Assets/Liabs                    209,300         124,800        383,200
Cash Prov (Used) by Disc Oper                        NA              NA             NA
Other Adjustments, Net                           52,100          38,700        117,600
Net Cash Prov (Used) by Oper                    651,900         521,600        775,800

CASH FLOW PROVIDED BY INVESTING ACTIVITY
(000s)
Fiscal Year Ending                         12/31/2003      12/31/2002     12/31/2001
(Incr) Decr in Prop, Plant                     -187,600         -98,200       -121,800
(Acq) Disp of Subs, Business                       4,700             NA             NA
(Incr) Decr in Securities Inv                     -6,000         31,500          -4,100
Other Cash Inflow (Outflow)                           NA             NA        123,600
Net Cash Prov (Used) by Inv                    -188,900         -66,700          -2,300

CASH FLOW PROVIDED BY FINANCING ACTIVITY
(000s)
Fiscal Year Ending                         12/31/2003      12/31/2002     12/31/2001
Issue (Purchase) of Equity                     -234,700        -280,300       -256,400
Issue (Repayment) of Debt             NA         NA         NA
Incr (Decr) In Borrowing             700    -89,700   -114,700
Dividends, Other Distribution    -40,800    -39,800    -43,700
Other Cash Inflow (Outflow)           NA         NA    -88,000
Net Cash Prov (Used) by Finan   -274,800   -409,800   -502,800
Effect of Exchg Rate On Cash          NA         NA         NA
Net Change in Cash or Equiv      188,200     45,100    270,700
Cash or Equiv at Year Start      446,500    401,400    130,700
Cash or Equiv at Year End        634,700    446,500    401,400

Capital Expenditures            -189,600   -106,800   -139,200
12/31/2000     12/31/1999     12/31/1998     12/31/1997     12/31/1996     12/31/1995
     130,700        164,600         64,500        105,900        121,500        143,500
          NA             NA             NA             NA             NA             NA
     464,700        286,100        215,200        251,300        227,200        320,600
   1,164,300        861,400        912,100      1,205,200      1,420,500      1,512,000
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      58,500         91,200        106,800        153,100        170,600         72,200
   1,818,200      1,403,300      1,298,600      1,715,500      1,939,800      2,048,300
     456,800        446,800        433,800        521,900        545,600        577,700
          NA             NA             NA             NA             NA             NA
     456,800        446,800        433,800        521,900        545,600        577,700
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     301,500        291,900        261,200         80,100         98,000         96,100
   2,576,500      2,142,000      1,993,600      2,317,500      2,583,400      2,722,100


12/31/2000     12/31/1999     12/31/1998     12/31/1997     12/31/1996     12/31/1995
     478,600        188,900        233,200        299,500        258,000        179,100
     234,800        234,800        206,400        325,200        404,900        365,100
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA            400
     330,100        350,800        334,400        273,100        425,300        322,000
     188,900        150,700        105,500         78,600        105,300         83,000
          NA             NA             NA             NA             NA         10,400
   1,232,400        925,200        879,500        976,400      1,193,500        960,000
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     302,900        319,400        235,100        236,100        104,300         63,700
          NA             NA             NA             NA             NA         28,400
      60,900         45,700         27,500         46,400         20,800         68,700
   1,596,200      1,290,300      1,142,100      1,258,900      1,318,600      1,120,800
     100,000             NA             NA             NA             NA             NA
      68,800         72,800        100,000        100,000        100,000        100,000
    236,000        235,800        139,200         138,300         85,600          85,600
    116,100         82,400        109,700          19,200        105,300         102,800
  1,661,500      1,353,300      1,693,400       1,676,300      2,188,900       2,332,100
  1,189,600        892,300      1,161,600         836,100      1,164,500         963,300
    -12,500           -300        -29,200         -39,100        -50,500         -55,900
    880,300        851,700        851,500       1,058,600      1,264,800       1,601,300
  2,576,500      2,142,000      1,993,600       2,317,500      2,583,400       2,722,100


12/31/2000     12/31/1999     12/31/1998     12/31/1997      12/31/1996     12/31/1995
   4,794,700      4,126,200      4,787,900      5,372,200       6,285,500      5,839,100
   2,425,100      2,042,700      2,783,500      3,357,900       4,263,100      3,764,900
   2,369,600      2,083,500      2,004,400      2,014,300       2,022,400      2,074,200
          NA             NA             NA             NA              NA             NA
   1,632,600      1,496,000      1,580,300      1,580,300       1,761,100      1,646,500
     737,000        587,500        424,100        434,000         261,300        427,700
     107,300         90,200         99,000         97,200         108,600         92,000
      17,800         20,400       -180,000         13,200        -261,900         41,200
      53,900         37,200         45,400         46,100          36,400         33,700
     593,600        480,500         99,700        303,900        -145,600        343,200
     225,600        182,600         38,400        117,000         -54,000        131,300
          NA             NA             NA             NA              NA             NA
          NA             NA             NA             NA              NA             NA
          NA             NA             NA             NA              NA             NA
     368,000        297,900         61,300        186,900         -91,600        211,900
          NA             NA             NA             NA              NA             NA
     368,000        297,900         61,300        186,900         -91,600        211,900
     185,764        190,727         97,437        102,309          57,228         23,918



12/31/2000     12/31/1999     12/31/1998     12/31/1997      12/31/1996     12/31/1995
     368,000        297,900         61,300        186,900         -91,600        211,900
     107,300         90,200         99,000         97,200         108,600         92,000
    -390,900        114,900         55,200        -72,400          49,200        332,200
          NA             NA             NA             NA              NA             NA
      32,100         58,600        199,300        108,600         241,300         36,900
     116,500        561,600        414,800        320,300         307,500        673,000



12/31/2000     12/31/1999     12/31/1998     12/31/1997      12/31/1996     12/31/1995
    -118,100        -96,800       -124,800       -105,700        -172,000       -184,500
         NA              NA             NA              NA             NA              NA
     -15,900        -24,200             NA         44,700          60,000           6,700
         NA              NA         31,800          -2,900           -900          -2,500
    -134,000       -121,000        -93,000        -63,900        -112,900       -180,300



12/31/2000     12/31/1999     12/31/1998     12/31/1997      12/31/1996     12/31/1995
    -342,400       -336,300       -279,300       -374,900        -186,100       -439,400
     NA          NA         NA         NA         NA         NA
370,700      38,300    -39,100    151,100     22,000    -52,400
-44,700     -42,500    -44,800    -48,200    -52,500    -63,000
     NA          NA         NA         NA         NA         NA
-16,400    -340,500   -363,200   -272,000   -216,600   -554,800
     NA          NA         NA         NA         NA         NA
-33,900     100,100    -41,400    -15,600    -22,000    -62,100
164,600      64,500    105,900    121,500    143,500    205,600
130,700     164,600     64,500    105,900    121,500    143,500

-119,600   -102,400
12/31/1994
     205,633
          NA
     769,101
   1,504,324
          NA
          NA
          NA
          NA
      77,202
   2,556,260
     504,587
          NA
     504,587
          NA
          NA
          NA
          NA
     182,927
   3,243,774


12/31/1994
     229,135
     582,194
          NA
          NA
     376,795
      18,026
          NA
   1,206,150
          NA
          NA
          NA
     153,318
          NA
      34,095
   1,393,563
          NA
     529,982
     85,645
     93,357
  2,176,971
    971,611
    -64,133
  1,850,211
  3,243,774


12/31/1994
   4,943,679
   3,017,615
   1,926,064
          NA
   1,532,673
     393,391
      84,782
      80,978
      30,047
     359,540
     135,205
          NA
          NA
          NA
     224,335
          NA
     224,335
      58,257



12/31/1994
     224,300
      84,800
    -155,400
          NA
     115,200
     268,900



12/31/1994
    -124,100
     359,000
          NA
       1,700
     236,600



12/31/1994
    -231,300
      NA
-207,300
 -74,500
      NA
-513,100
      NA
  -7,600
 213,200
 205,600
RADIOSHACK CORP
QUARTERLY FINANCIAL INFORMATION

BALANCE SHEET
    QUARTERLY ASSETS (000s)
FISCAL QUARTER ENDING              12/31/2003     9/30/2003      6/30/2003
CASH                                    634,700        558,200        524,300
MRKTABLE SECURITIES                          NA             NA             NA
RECEIVABLES                             182,400        121,400        137,500
INVENTORIES                             766,500        914,600        811,100
RAW MATERIALS                                NA             NA             NA
WORK IN PROGRESS                             NA             NA             NA
FINISHED GOODS                               NA             NA             NA
NOTES RECEIVABLE                             NA             NA             NA
OTHER CURRENT ASSETS                     83,000         91,300         88,000
TOTAL CURRENT ASSETS                  1,666,600      1,685,500      1,560,900
PROP, PLANT & EQUIP                     513,100        438,300        422,000
ACCUMULATED DEP                              NA             NA             NA
NET PROP & EQUIP                        513,100        438,300        422,000
INVEST & ADV TO SUBS                         NA             NA             NA
OTHER NON-CUR ASSETS                         NA             NA             NA
DEFERRED CHARGES                             NA             NA             NA
INTANGIBLES                                  NA             NA             NA
DEPOSITS & OTH ASSET                     64,200         95,500         98,400
TOTAL ASSETS                          2,243,900      2,219,300      2,081,300

    QUARTERLY LIABILITIES (000S)
FISCAL QUARTER ENDING              12/31/2003     9/30/2003      6/30/2003
NOTES PAYABLE                            77,400         39,500             NA
ACCOUNTS PAYABLE                        300,200        409,800        284,100
CUR LONG TERM DEBT                           NA             NA             NA
CUR PORT CAP LEASES                          NA             NA             NA
ACCRUED EXPENSES                        343,000        265,300        253,600
INCOME TAXES                            137,500        150,200        140,800
OTHER CURRENT LIAB                           NA             NA             NA
TOTAL CURRENT LIAB                      858,100        864,800        678,500
MORTGAGES                                    NA             NA             NA
DEFERRED CHARGES/INC                         NA             NA             NA
CONVERTIBLE DEBT                             NA             NA             NA
LONG TERM DEBT                          541,300        546,500        590,500
NON-CUR CAP LEASES                           NA             NA             NA
OTHER LONG TERM LIAB                     75,200         81,300         80,300
TOTAL LIABILITIES                     1,474,600      1,492,600      1,349,300
MINORITY INT (LIAB)                          NA             NA             NA
PREFERRED STOCK                              NA             NA             NA
COMMON STOCK NET                   191,000        236,000        236,000
CAPITAL SURPLUS                     75,200         68,500         67,800
RETAINED EARNINGS                1,210,600      2,173,700      2,116,600
TREASURY STOCK                     707,200      1,751,100      1,687,800
OTHER EQUITIES                        -300           -400           -600
SHAREHOLDER EQUITY                 769,300        726,700        732,000
TOT LIAB & NET WORTH             2,243,900      2,219,300      2,081,300

     QUARTERLY INCOME (000s)
FISCAL QUARTER ENDING          12/31/2003     9/30/2003      6/30/2003
NET SALES                         1,490,400      1,063,600      1,025,000
COST OF GOODS                       756,000        530,900        503,800
GROSS PROFIT                        734,400        532,700        521,200
R & D EXPENDITURES                       NA             NA             NA
SELL GEN & ADMIN EXP                504,200        421,400        406,600
INC BEF DEP & AMORT                 230,200        111,300        114,600
DEPRECIATION & AMORT                 32,100         14,400         22,900
NON-OPERATING INC                    10,300          1,900          8,700
INTEREST EXPENSE                      7,600          8,700          9,800
INCOME BEFORE TAX                   200,800         90,100         90,600
PROV FOR INC TAXES                   73,500         33,000         33,100
MINORITY INT (INC)                       NA             NA             NA
INVEST GAINS/LOSSES                      NA             NA             NA
OTHER INCOME                             NA             NA             NA
NET INC BEF EX ITEMS                127,300         57,100         57,500
EX ITEMS & DISC OPS                      NA             NA             NA
NET INCOME                          127,300         57,100         57,500
OUTSTANDING SHARES                  162,552        236,033        166,784
3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
     456,700        446,500        365,400        529,100        434,400        401,400
          NA             NA             NA             NA             NA             NA
     164,600        206,100        205,100        151,800        217,300        276,300
     844,300        971,200      1,118,800        830,600        831,100        949,800
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      84,200         83,100         92,800         86,600         88,800         86,800
   1,549,800      1,706,900      1,782,100      1,598,100      1,571,600      1,714,300
     419,300        421,600        413,400        398,000        407,400        417,700
          NA             NA             NA             NA             NA             NA
     419,300        421,600        413,400        398,000        407,400        417,700
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      98,100         99,400        121,000        115,400        108,900        113,100
   2,067,200      2,227,900      2,316,500      2,111,500      2,087,900      2,245,100


3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
      16,000         36,000         41,800         71,300         72,200        105,500
     216,600        312,600        433,100        225,700        200,100        206,700
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     277,000        318,700        308,000        279,600        265,000        336,100
     155,500        160,900        142,200        126,800        157,700        178,100
          NA             NA             NA             NA             NA             NA
     665,100        828,200        925,100        703,400        695,000        826,400
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     590,700        591,300        589,800        582,300        543,500        565,400
          NA             NA             NA             NA             NA             NA
      78,400         80,300         79,500         71,400         69,900         75,200
   1,334,200      1,499,800      1,594,400      1,357,100      1,308,400      1,467,000
          NA             NA             NA             NA             NA             NA
          NA             NA         59,900         61,500         63,200         64,500
    236,000        236,000        236,000        236,000        236,000        236,000
     68,400         70,000        139,800        140,400        139,000        138,800
  2,059,100      2,002,500      1,932,200      1,889,800      1,841,900      1,787,300
  1,630,000      1,579,900      1,644,300      1,570,900      1,497,100      1,443,500
       -500           -500         -1,500         -2,400         -3,500         -5,000
    733,000        728,100        722,100        754,400        779,500        778,100
  2,067,200      2,227,900      2,316,500      2,111,500      2,087,900      2,245,100


3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
   1,070,300      1,497,700      1,047,000       998,100       1,034,400      1,515,800
     542,900        810,600        525,600       488,000         514,700        803,900
     527,400        687,100        521,400       510,100         519,700        711,900
          NA             NA             NA             NA             NA             NA
     407,800        494,100        420,000       421,300         393,200        506,900
     119,600        193,000        101,400         88,800        126,500        205,000
      22,600         22,800         23,000         24,300         24,600         25,700
       3,900         16,400          5,300         29,800          1,800        -87,800
       9,600         10,600         11,300         10,700         10,800         12,000
      91,300        176,000         72,400         83,600         92,900         79,500
      34,700         66,900         27,500         31,800         35,300         44,300
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      56,600        109,100         44,900         51,800         57,600         35,200
          NA             NA             NA             NA             NA             NA
      56,600        109,100         44,900         51,800         57,600         35,200
     169,150        171,727        169,729       172,696         174,980        176,800
9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
     246,300        336,100        113,900        130,700         74,900         85,900
          NA             NA             NA             NA             NA             NA
     302,900        294,600        351,900        464,700        313,200        231,500
   1,103,600        974,100      1,061,000      1,164,300      1,208,000      1,047,300
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      66,600         68,600         68,800         58,500         99,100         82,900
   1,719,400      1,673,400      1,595,600      1,818,200      1,695,200      1,447,600
     466,200        461,300        453,500        456,800        456,700        451,600
          NA             NA             NA             NA             NA             NA
     466,200        461,300        453,500        456,800        456,700        451,600
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     148,100        146,500        274,300        301,500        306,400        306,700
   2,333,700      2,281,200      2,323,400      2,576,500      2,458,300      2,205,900


9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
     106,700         68,900        407,500        478,600        541,300        408,600
     315,100        183,500        203,500        234,800        258,600        225,900
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     284,100        252,900        239,700        330,100        259,000        238,000
     139,600        116,900        140,700        188,900        144,600        143,000
          NA             NA             NA             NA             NA             NA
     845,500        622,200        991,400      1,232,400      1,203,500      1,015,500
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     571,800        595,500        249,800        302,900        316,000        317,100
          NA             NA             NA             NA             NA             NA
      71,600         68,000         66,100         60,900         55,500         53,000
   1,488,900      1,285,700      1,307,300      1,596,200      1,575,000      1,385,600
          NA        100,000        100,000        100,000        100,000        100,000
      65,700         67,100         68,200         68,800         69,700         71,200
    236,000        236,000        236,000        236,000        236,000        240,000
    143,000        129,700        125,800        116,100        111,500        102,900
  1,754,400      1,723,200      1,694,900      1,661,500      1,530,500      1,470,100
  1,347,900      1,252,400      1,198,400      1,189,600      1,149,800      1,147,000
     -6,400         -8,100        -10,400        -12,500        -14,600        -16,900
    844,800        895,500        916,100        880,300        783,300        720,300
  2,333,700      2,281,200      2,323,400      2,576,500      2,458,300      2,205,900


9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
   1,080,900      1,039,500      1,139,500      1,583,700      1,140,400      1,023,300
     554,900        527,100        593,000        829,100        575,000        489,700
     526,000        512,400        546,500        754,600        565,400        533,600
          NA             NA             NA             NA             NA             NA
     403,800        398,000        405,200        477,800        404,200        377,600
     122,200        114,400        141,300        276,800        161,200        156,000
      27,400         27,500         27,700         28,700         26,700         26,200
     -10,700         -8,200        -25,600          4,700          4,300          4,200
      13,600         12,200         13,000         17,600         14,400         12,400
      70,500         66,500         75,000        235,200        124,400        121,600
      26,700         25,300         28,500         89,400         47,300         46,200
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      43,800         41,200         46,500        145,800         77,100         75,400
          NA             NA             NA             NA             NA             NA
      43,800         41,200         46,500        145,800         77,100         75,400
     180,124        183,943        185,799        185,764        186,130        185,797
3/31/2000      12/31/1999     9/30/1999      6/30/1999      3/31/1999      12/31/1998
      53,900        164,600         54,300         43,700         64,500         64,500
          NA             NA             NA             NA             NA             NA
     189,700        286,100        244,700        204,600        215,200        215,200
     878,900        861,400        978,500        855,900        912,100        912,100
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     110,300         91,200        101,600         96,400        106,800        106,800
   1,232,800      1,403,300      1,379,100      1,200,600      1,298,600      1,298,600
     433,700        446,800        443,200        433,300        433,800        433,800
          NA             NA             NA             NA             NA             NA
     433,700        446,800        443,200        433,300        433,800        433,800
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     265,200        291,900        323,900        292,700        261,200        261,200
   1,931,700      2,142,000      2,146,200      1,926,600      1,993,600      1,993,600


3/31/2000      12/31/1999     9/30/1999      6/30/1999      3/31/1999      12/31/1998
     297,900        188,900        254,300        238,600        233,200        233,200
     148,400        234,800        224,900        161,300        206,400        206,400
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     235,800        350,800        263,300        236,400        334,400        334,400
      97,700        150,700        137,700        104,800        105,500        105,500
          NA             NA             NA             NA             NA             NA
     779,800        925,200        880,200        741,100        879,500        879,500
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     266,000        319,400        324,900        260,400        235,100        235,100
          NA             NA             NA             NA             NA             NA
      33,100         45,700         64,800         36,800         27,500         27,500
   1,078,900      1,290,300      1,269,900      1,038,300      1,142,100      1,142,100
          NA             NA             NA             NA             NA             NA
     100,000         72,800         73,700         74,800             NA        100,000
    139,200         235,800        235,800        235,800        142,500        139,200
    113,300          82,400         63,200          6,400        109,700        109,700
  1,738,600       1,353,300      1,247,400      1,202,100      1,693,400      1,693,400
  1,221,900         892,300        716,500        638,200      1,161,600      1,161,600
    -16,400            -300        -27,300          7,400         67,500        -29,200
    852,800         851,700        876,300        888,300        851,500        851,500
  1,931,700       2,142,000      2,146,200      1,926,600      1,993,600      1,993,600


3/31/2000      12/31/1999      9/30/1999      6/30/1999      3/31/1999      12/31/1998
   1,047,300      1,389,000        960,300        886,700        890,200       1,208,200
     531,300        710,600        473,900        418,700        439,500         596,100
     516,000        678,400        486,400        468,000        450,700         612,100
          NA             NA              NA             NA             NA             NA
     374,000        423,900        361,400        340,700        360,400         499,800
     142,000        254,500        125,000        127,300          90,300        112,300
      25,700         45,800          23,100         21,300             NA         47,500
       5,600          -8,100          4,700          4,600          9,600         59,200
       9,500         10,800           8,500          9,600          8,300         22,100
     112,400        189,800          98,100       101,000          91,600        101,900
      42,700         69,200          38,300         39,400         35,700         53,500
          NA             NA              NA             NA             NA             NA
          NA             NA              NA             NA             NA             NA
          NA             NA              NA             NA             NA             NA
      69,700        120,600          59,800         61,600         55,900         48,400
          NA             NA              NA             NA             NA             NA
      69,700        120,600          59,800         61,600         55,900         48,400
     186,836        190,727        193,247        193,530          96,733         97,437
9/30/1998      6/30/1998      3/31/1998      12/31/1997     9/30/1997      6/30/1997
      47,400         61,900         77,900        105,900         64,000         71,300
          NA             NA             NA             NA             NA             NA
     166,500        231,600        223,100        251,300        262,900        241,900
     974,900      1,187,300      1,182,100      1,205,200      1,279,700      1,108,900
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     129,500        132,700        142,200        153,100        106,000        151,500
   1,318,300      1,613,500      1,625,300      1,715,500      1,712,600      1,573,600
     435,500        526,000        523,900        521,900        550,000        546,300
          NA             NA             NA             NA             NA             NA
     435,500        526,000        523,900        521,900        550,000        546,300
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     213,700         81,800         83,300         80,100        141,500        126,900
   1,967,500      2,221,300      2,232,500      2,317,500      2,404,100      2,246,800


9/30/1998      6/30/1998      3/31/1998      12/31/1997     9/30/1997      6/30/1997
     289,000        313,200        266,500        299,500        433,200        469,900
     227,600        309,900        287,700        325,200        365,900        222,500
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA          1,600            500
     236,300        301,500        238,500        273,100             NA        272,500
       2,900         10,700         63,900         78,600         52,600         53,800
          NA             NA             NA             NA        247,800         12,300
     755,800        935,300        856,600        976,400      1,101,100      1,031,500
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     241,200        270,300        277,100        236,100        153,700         15,100
          NA             NA             NA             NA         48,200         29,000
      52,300         50,900         49,800         46,400         54,000         55,600
   1,049,300      1,256,500      1,183,500      1,258,900      1,357,000      1,131,200
          NA             NA             NA             NA             NA             NA
     100,000        100,000        100,000        100,000        100,000        100,000
    138,300        138,300        138,300        138,300        138,300         85,600
     37,600         32,400         26,700         19,200         15,200        107,200
  1,655,700      1,670,900      1,701,900      1,676,300      1,591,600      2,219,100
    982,300        942,600        881,600        836,100        755,200      1,351,200
    -31,100        -34,200        -36,300        -39,100        -42,800        -45,100
    918,200        964,800      1,049,000      1,058,600      1,047,100      1,115,600
  1,967,500      2,221,300      2,232,500      2,317,500      2,404,100      2,246,800


9/30/1998      6/30/1998      3/31/1998      12/31/1997     9/30/1997      6/30/1997
   1,128,600      1,192,800      1,258,300      1,707,000      1,227,500      1,146,000
     676,300        727,100        784,000      1,057,900        759,500        700,400
     452,300        465,700        474,300        649,100        468,000        445,600
          NA             NA             NA             NA             NA             NA
     394,900        388,400        405,400        432,900        376,400        367,900
      57,400         77,300         68,900        216,200         91,600         77,700
      25,000         26,500             NA         49,400         24,200         23,600
     -27,500        -71,700        -31,800         29,900          3,500          2,700
      11,500         11,800             NA         24,100         11,800         10,200
      -6,600        -32,700         37,100        172,600         59,100         46,600
      -2,500        -12,600             NA         76,400         22,700         17,900
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      -4,100        -20,100         37,100         96,200         36,400         28,700
          NA             NA             NA             NA             NA             NA
      -4,100        -20,100         37,100         96,200         36,400         28,700
     100,109        100,526        101,520        102,309        104,100         53,500
3/31/1997      12/31/1996     9/30/1996      6/30/1996      3/31/1996      12/31/1995
     101,500        121,500        124,956        140,093        105,381        143,498
          NA             NA             NA             NA             NA             NA
     180,300        227,200        206,017        266,568        279,500        320,588
   1,282,400      1,420,500      1,671,034      1,487,271      1,558,918      1,511,984
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     173,900        170,600         88,473         63,008         67,775         72,175
   1,738,100      1,939,800      2,090,480      1,956,940      2,011,574      2,048,245
     542,500        545,600        619,984        603,586        589,170        577,720
          NA             NA             NA             NA             NA             NA
     542,500        545,600        619,984        603,586        589,170        577,720
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     105,100         98,000         82,192         87,944         84,741         96,098
   2,385,700      2,583,400      2,792,656      2,648,470      2,685,485      2,722,063


3/31/1997      12/31/1996     9/30/1996      6/30/1996      3/31/1996      12/31/1995
     390,300        245,300        441,570        374,461        229,237        189,861
     316,700        404,900        438,813        342,604        436,426        365,131
          NA             NA             NA             NA             NA             NA
         400            400             NA             NA             NA             NA
     291,600        425,300        247,609        235,386        228,639        321,939
      76,900        105,300         55,672         45,612         66,622         82,978
      12,300         12,300             NA             NA             NA             NA
   1,088,200      1,193,500      1,183,664        998,063        960,924        959,909
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      35,100         35,100        109,071        107,261        140,719        140,813
      29,200         29,300             NA             NA             NA             NA
      62,100         60,700         20,055         19,423         19,635         20,006
   1,214,600      1,318,600      1,312,790      1,124,747      1,121,278      1,120,728
          NA             NA             NA             NA             NA             NA
     100,000        100,000        100,000        100,000        100,000        100,000
     85,600         85,600         85,645         85,645         85,645         85,645
    106,300        105,300        105,212        104,480        102,640        102,819
  2,202,400      2,188,900      2,339,170      2,329,532      2,333,260      2,332,120
  1,273,700      1,164,500      1,093,168      1,041,899      1,002,540        963,301
    -49,500        -50,500        -56,993        -54,035        -54,798        -55,948
  1,171,100      1,264,800      1,479,866      1,523,723      1,564,207      1,601,335
  2,385,700      2,583,400      2,792,656      2,648,470      2,685,485      2,722,063


3/31/1997      12/31/1996     9/30/1996      6/30/1996      3/31/1996      12/31/1995
   1,291,700      2,050,810      1,434,898      1,352,863      1,446,929      2,087,468
     840,100      1,478,333        950,638        878,867        955,262      1,384,170
     451,600        572,477        484,260        473,996        491,667        703,298
          NA             NA             NA             NA             NA             NA
     403,100        505,284        414,871        427,018        413,927        525,653
      48,500         67,193         69,389         46,978         77,740        177,645
          NA         28,878         27,408         26,963         25,351         24,935
     -22,900       -245,918          2,578          3,663        -22,223          3,518
          NA         11,336          9,047          8,887          7,130         11,003
      25,600       -218,939         35,512         14,791         23,036        145,225
          NA        -81,238         13,190          5,492          8,556         55,051
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      25,600       -137,701         22,322          9,299         14,480         90,174
          NA             NA             NA             NA             NA             NA
      25,600       -137,701         22,322          9,299         14,480         90,174
      54,900         28,417         58,278         60,101         60,781         61,727
9/30/1995      6/30/1995      3/31/1995      12/31/1994     9/30/1994      6/30/1994
     102,534         80,566        233,718        205,633        221,024        278,271
          NA             NA             NA             NA             NA             NA
     372,312        300,245        396,050        769,101        557,411        508,612
   1,763,308      1,359,690      1,324,293      1,504,324      1,401,904      1,212,099
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      86,018         80,864         76,541         77,202        125,125        118,821
   2,324,172      1,821,365      2,030,602      2,556,260      2,305,464      2,117,803
     570,259        536,590        506,715        504,587        480,446        489,163
          NA             NA             NA             NA             NA             NA
     570,259        536,590        506,715        504,587        480,446        489,163
          NA             NA             NA             NA             NA         18,314
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      63,564        172,571        171,364        182,927        193,683        194,253
   2,957,995      2,530,526      2,708,681      3,243,774      2,979,593      2,819,533


9/30/1995      6/30/1995      3/31/1995      12/31/1994     9/30/1994      6/30/1994
     360,115       153,984         239,302        229,135         97,344         85,972
     515,593       286,947         349,256        582,194        385,849       252,271
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     234,298       227,391         237,340        376,795        312,359       294,362
      36,640         12,160         24,851         18,026         38,245         25,566
          NA             NA             NA             NA          9,800          9,800
   1,146,646       680,482         850,749      1,206,150        843,597       667,971
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     138,175       148,863         155,350        153,318         76,723         81,718
          NA             NA             NA             NA             NA             NA
      20,243         20,057         19,874         34,095        105,002       101,989
   1,305,064       849,402       1,025,973      1,393,563      1,025,322       851,678
          NA             NA             NA             NA             NA             NA
     100,000       100,000         100,000        529,982        529,982       529,982
     85,645         85,645         85,645         85,645         85,645         85,645
     98,758         95,672         93,638         93,357         91,016         89,645
  2,255,350      2,223,124      2,198,024      2,176,971      2,094,640      2,066,932
    829,409        768,262        735,641        971,611        784,351        738,706
    -57,413        -55,055        -58,958        -64,133        -62,661        -65,643
  1,652,931      1,681,124      1,682,708      1,850,211      1,954,271      1,967,855
  2,957,995      2,530,526      2,708,681      3,243,774      2,979,593      2,819,533


9/30/1995      6/30/1995      3/31/1995      12/31/1994     9/30/1994      6/30/1994
   1,339,930      1,185,047      1,226,622      1,823,112      1,119,155      1,009,277
     861,393        739,278        780,043      1,159,232        671,499        602,103
     478,537        445,769        446,579        663,880        447,656        407,174
          NA             NA             NA             NA             NA             NA
     381,947        365,126        373,710        489,125        365,497        346,131
      96,590         80,643         72,869        174,755         82,159         61,043
      22,600         22,153         22,302         22,513         20,473         21,052
       5,872          8,430         23,402         35,376         16,866         15,742
       6,853          5,190         10,660         25,813          4,234             NA
      73,009         61,730         63,309        161,805         74,318         55,733
      28,108         23,766         24,374         59,871         28,127         21,318
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      44,901         37,964         38,935        101,934         46,191         34,415
          NA             NA             NA             NA             NA             NA
      44,901         37,964         38,935        101,934         46,191         34,415
      64,538         65,454         66,034         58,257         62,296         63,424
3/31/1994
     369,710
          NA
     512,468
   1,171,587
          NA
          NA
          NA
          NA
      76,228
   2,129,993
     463,334
          NA
     463,334
      30,181
          NA
          NA
          NA
     191,477
   2,814,985


3/31/1994
      90,700
    217,578
          NA
          NA
    279,406
      39,606
      42,135
    669,425
          NA
          NA
          NA
      82,713
          NA
    106,962
    859,100
          NA
    529,982
     85,645
     89,340
  2,051,111
    732,073
    -68,120
  1,955,885
  2,814,985


3/31/1994
    992,135
    584,781
    407,354
          NA
    331,920
      75,434
      20,744
      12,994
          NA
      67,684
      25,889
          NA
          NA
          NA
      41,795
          NA
      41,795
      63,510
BEST BUY CO INC
QUARTERLY FINANCIAL INFORMATION

BALANCE SHEET
    QUARTERLY ASSETS (000s)
FISCAL QUARTER ENDING              11/29/2003     8/30/2003      5/31/2003
CASH                                  1,827,000      1,734,000      1,466,000
MRKTABLE SECURITIES                          NA             NA             NA
RECEIVABLES                             678,000        302,000        302,000
INVENTORIES                           4,428,000      2,641,000      2,368,000
RAW MATERIALS                                NA             NA             NA
WORK IN PROGRESS                             NA             NA             NA
FINISHED GOODS                               NA             NA             NA
NOTES RECEIVABLE                             NA             NA             NA
OTHER CURRENT ASSETS                    211,000        209,000        230,000
TOTAL CURRENT ASSETS                  7,144,000      4,886,000      4,366,000
PROP, PLANT & EQUIP                   3,520,000      3,417,000      3,280,000
ACCUMULATED DEP                       1,259,000      1,188,000      1,119,000
NET PROP & EQUIP                      2,261,000      2,229,000      2,161,000
INVEST & ADV TO SUBS                         NA             NA             NA
OTHER NON-CUR ASSETS                         NA             NA             NA
DEFERRED CHARGES                             NA             NA             NA
INTANGIBLES                             527,000        495,000        502,000
DEPOSITS & OTH ASSET                    151,000        120,000        123,000
TOTAL ASSETS                         10,083,000      7,730,000      7,152,000

    QUARTERLY LIABILITIES (000S)
FISCAL QUARTER ENDING              11/29/2003     8/30/2003      5/31/2003
NOTES PAYABLE                                NA             NA             NA
ACCOUNTS PAYABLE                      4,501,000      2,590,000      2,357,000
CUR LONG TERM DEBT                       14,000         14,000          6,000
CUR PORT CAP LEASES                          NA             NA             NA
ACCRUED EXPENSES                      1,243,000      1,028,000        913,000
INCOME TAXES                             99,000         43,000             NA
OTHER CURRENT LIAB                       97,000             NA             NA
TOTAL CURRENT LIAB                    5,954,000      3,675,000      3,276,000
MORTGAGES                                    NA             NA             NA
DEFERRED CHARGES/INC                         NA             NA             NA
CONVERTIBLE DEBT                             NA             NA             NA
LONG TERM DEBT                          836,000        840,000        829,000
NON-CUR CAP LEASES                           NA             NA             NA
OTHER LONG TERM LIAB                    276,000        281,000        284,000
TOTAL LIABILITIES                     7,066,000      4,796,000      4,389,000
MINORITY INT (LIAB)                          NA             NA             NA
PREFERRED STOCK                              NA             NA             NA
COMMON STOCK NET                    32,000         32,000         32,000
CAPITAL SURPLUS                    849,000        828,000        787,000
RETAINED EARNINGS                2,032,000      2,007,000      1,868,000
TREASURY STOCK                          NA             NA             NA
OTHER EQUITIES                     104,000         67,000         76,000
SHAREHOLDER EQUITY               3,017,000      2,934,000      2,763,000
TOT LIAB & NET WORTH            10,083,000      7,730,000      7,152,000

     QUARTERLY INCOME (000s)
FISCAL QUARTER ENDING          11/29/2003     8/30/2003      5/31/2003
NET SALES                         6,034,000      5,396,000      4,668,000
COST OF GOODS                     4,536,000      4,024,000      3,483,000
GROSS PROFIT                      1,498,000      1,372,000      1,185,000
R & D EXPENDITURES                       NA             NA             NA
SELL GEN & ADMIN EXP              1,296,000      1,143,000      1,071,000
INC BEF DEP & AMORT                 202,000        229,000        114,000
DEPRECIATION & AMORT                     NA             NA             NA
NON-OPERATING INC                        NA             NA             NA
INTEREST EXPENSE                      4,000          3,000          2,000
INCOME BEFORE TAX                   198,000        226,000        112,000
PROV FOR INC TAXES                   76,000         86,000         43,000
MINORITY INT (INC)                       NA             NA             NA
INVEST GAINS/LOSSES                      NA             NA             NA
OTHER INCOME                             NA             NA             NA
NET INC BEF EX ITEMS                122,000        140,000         69,000
EX ITEMS & DISC OPS                      NA         -1,000        -94,000
NET INCOME                          122,000        139,000        -25,000
OUTSTANDING SHARES                  324,671        323,627        322,399

FISCAL QUARTER ENDING          11/29/2003     8/30/2003      5/31/2003
DEPRECIATION & AMORT                  93000         92000          98000
3/1/2003      11/30/2002     8/31/2002      6/1/2002      3/2/2002      12/1/2001
  1,914,000      1,156,000      1,119,000     1,245,000     1,855,000       843,000
         NA             NA             NA            NA            NA             NA
    312,000        579,000        239,000       243,000       247,000       387,000
  2,046,000      4,090,000      2,616,000     2,635,000            NA     3,459,000
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
    595,000        228,000        243,000       261,000     2,509,000       215,000
  4,867,000      6,053,000      4,217,000     4,384,000     4,611,000     4,904,000
  3,089,000      3,333,000      3,143,000     2,892,000     2,720,000     2,606,000
  1,027,000      1,065,000        982,000       904,000       823,000       853,000
  2,062,000      2,268,000      2,161,000     1,988,000     1,897,000     1,753,000
         NA             NA             NA            NA            NA             NA
    157,000             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
    462,000        439,000        410,000       791,000       773,000       750,000
    115,000        101,000         98,000        92,000        94,000         95,000
  7,663,000      8,861,000      6,886,000     7,255,000     7,375,000     7,502,000


3/1/2003      11/30/2002     8/31/2002      6/1/2002      3/2/2002      12/1/2001
        NA              NA             NA           NA            NA              NA
 2,195,000       4,094,000      2,361,000    2,424,000     2,449,000      3,571,000
     1,000           7,000         11,000       12,000         7,000          14,000
        NA              NA             NA           NA            NA              NA
   903,000       1,011,000        896,000      950,000     1,023,000      1,082,000
   374,000         173,000        130,000       63,000       251,000          38,000
   320,000              NA             NA           NA            NA              NA
 3,793,000       5,285,000      3,398,000    3,449,000     3,730,000      4,705,000
        NA              NA             NA           NA            NA              NA
        NA              NA             NA           NA            NA              NA
        NA              NA             NA           NA            NA              NA
   828,000         822,000        821,000      812,000       813,000        364,000
        NA              NA             NA           NA            NA              NA
   312,000         284,000        286,000      321,000       311,000        290,000
 4,933,000       6,391,000      4,505,000    4,582,000     4,854,000      5,359,000
        NA              NA             NA           NA            NA              NA
        NA              NA             NA           NA            NA              NA
     32,000          32,000         32,000        32,000        31,000         21,000
    778,000         774,000        771,000       766,000       702,000        678,000
  1,893,000       1,663,000      1,578,000     1,864,000     1,794,000      1,444,000
         NA              NA             NA            NA            NA             NA
     27,000           1,000             NA        11,000        -6,000             NA
  2,730,000       2,470,000      2,381,000     2,673,000     2,521,000      2,143,000
  7,663,000       8,861,000      6,886,000     7,255,000     7,375,000      7,502,000


3/1/2003       11/30/2002      8/31/2002      6/1/2002      3/2/2002      12/1/2001
  5,847,000       5,505,000       5,008,000     4,586,000     6,980,000     4,756,000
  3,992,000       4,318,000       3,879,000     3,521,000     5,372,000     3,728,000
  1,855,000       1,187,000       1,129,000     1,065,000     1,608,000     1,028,000
          NA             NA              NA            NA            NA             NA
  1,202,000       1,048,000       1,026,000       950,000     1,038,000       899,000
    653,000         139,000         103,000       115,000       570,000       129,000
          NA             NA              NA            NA            NA             NA
       5,000          -1,000             NA            NA         5,000          3,000
      -3,000             NA           3,000            NA            NA             NA
    661,000         138,000         100,000       115,000       575,000       132,000
    256,000          53,000          38,000        45,000       225,000         52,000
          NA             NA              NA            NA            NA             NA
          NA             NA              NA            NA            NA             NA
          NA             NA              NA            NA            NA             NA
    405,000          85,000          62,000        70,000       350,000         80,000
   -523,000              NA              NA            NA            NA             NA
   -118,000          85,000          62,000        70,000       350,000         80,000
    321,966         321,725         321,579       321,378       319,128       211,670

3/1/2003       11/30/2002      8/31/2002      6/1/2002      3/2/2002      12/1/2001
      45000
9/1/2001      6/2/2001      3/3/2001      11/25/2000     8/26/2000      5/27/2000
    961,000       466,000       746,879        728,796        845,021        765,387
         NA            NA            NA             NA             NA             NA
    236,000       193,000       209,031        427,113        201,375        202,207
  2,092,000     1,981,000     1,766,934      2,327,798      1,456,752      1,314,448
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
    214,000       211,000       205,819        168,993        173,197        172,411
  3,503,000     2,851,000     2,928,663      3,652,700      2,676,345      2,454,453
  2,236,000     2,103,000     1,987,392      1,549,106      1,353,932      1,172,876
    678,000       607,000       543,220        499,305        464,531        428,727
  1,558,000     1,496,000     1,444,172      1,049,801        889,401        744,149
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
    376,000       381,000       385,355             NA             NA             NA
     84,000        81,000        81,397         79,463         78,441         62,248
  5,521,000     4,809,000     4,839,587      4,781,964      3,644,187      3,260,850


9/1/2001      6/2/2001      3/3/2001      11/25/2000     8/26/2000      5/27/2000
        NA            NA            NA              NA             NA             NA
 2,058,000     1,822,000     1,772,722       2,483,262      1,478,697      1,223,142
     2,000        19,000       114,940           5,809          7,218         15,961
        NA            NA            NA              NA             NA             NA
   787,000       676,000       699,749         511,846        431,488        411,230
        NA        18,000       127,287          14,275             NA             NA
        NA            NA            NA              NA             NA             NA
 2,847,000     2,535,000     2,714,698       3,015,192      1,917,403      1,650,333
        NA            NA            NA              NA             NA             NA
        NA            NA            NA              NA             NA             NA
        NA            NA            NA              NA             NA             NA
   362,000       177,000       181,009          20,948         21,585         12,839
        NA            NA            NA              NA             NA             NA
   273,000       170,000       121,952         119,921        141,161        140,875
 3,482,000     2,882,000     3,017,659       3,156,061      2,080,149      1,804,047
        NA            NA            NA              NA             NA             NA
        NA            NA            NA              NA             NA             NA
     21,000        21,000        20,814         20,776         20,760         20,675
    654,000       627,000       576,818        570,501        565,915        535,513
  1,364,000     1,279,000     1,224,296      1,034,626        977,363        900,615
         NA            NA            NA             NA             NA             NA
         NA            NA            NA             NA             NA             NA
  2,039,000     1,927,000     1,821,928      1,625,903      1,564,038      1,456,803
  5,521,000     4,809,000     4,839,587      4,781,964      3,644,187      3,260,850


9/1/2001       6/2/2001      3/3/2001      11/25/2000     8/26/2000      5/27/2000
  4,164,000      3,697,000     5,461,583      3,732,080      3,169,171      2,963,718
  3,216,000      2,851,000     4,345,869      3,043,039      2,520,426      2,358,125
    948,000        846,000     1,115,714        689,041        648,745        605,593
          NA            NA            NA             NA             NA             NA
    800,000        756,000       820,287        604,028        533,395        497,075
    148,000         90,000       295,427         85,013        115,350        108,518
          NA            NA            NA             NA             NA             NA
     -10,000         1,000        11,983          7,750          8,998          8,440
          NA            NA            NA             NA             NA             NA
    138,000         91,000       307,410         92,763        124,348        116,958
      53,000        36,000       117,740         35,500         47,600         44,800
          NA            NA            NA             NA             NA             NA
          NA            NA            NA             NA             NA             NA
          NA            NA            NA             NA             NA             NA
      85,000        55,000       189,670         57,263         76,748         72,158
          NA            NA            NA             NA             NA             NA
      85,000        55,000       189,670         57,263         76,748         72,158
    210,860        209,988       208,138        207,759        207,595        206,755

9/1/2001       6/2/2001      3/3/2001      11/25/2000     8/26/2000      5/27/2000
2/26/2000      11/27/1999     8/28/1999      5/29/1999      2/27/1999      11/28/1998
     750,723        514,797        473,444        510,883        785,777        409,373
          NA             NA             NA             NA             NA             NA
     189,301        383,461        178,492        145,699        132,401        278,468
   1,183,681      2,082,543      1,287,646      1,111,396      1,046,366      1,684,928
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     114,755        127,978        115,673        109,491        107,283         98,884
   2,238,460      3,108,779      2,055,255      1,877,469      2,071,827      2,471,653
   1,093,471        981,809        876,106        769,019        731,964        671,249
     395,387        372,722        353,286        331,632        308,324        297,822
     698,084        609,087        522,820        437,387        423,640        373,427
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      58,798         54,187         30,099         28,984         36,156         12,172
   2,995,342      3,772,053      2,608,174      2,343,840      2,531,623      2,857,252


2/26/2000      11/27/1999     8/28/1999      5/29/1999      2/27/1999      11/28/1998
          NA             NA             NA             NA             NA         51,182
   1,313,940      2,070,254      1,058,921        867,329      1,011,746      1,482,839
      15,790          9,046         10,130         29,191         30,088         32,132
          NA             NA             NA             NA             NA             NA
     389,953        437,753        305,272        279,765        321,031        294,943
      65,366             NA             NA         10,682         46,851             NA
          NA             NA             NA             NA             NA          8,253
   1,785,049      2,517,053      1,374,323      1,186,967      1,409,716      1,869,349
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA          6,823
          NA             NA             NA             NA             NA             NA
      14,860         23,679         25,690         28,402         30,509         31,830
          NA             NA             NA             NA             NA             NA
      99,448         72,932         42,045         39,356         57,453         27,629
   1,899,357      2,613,664      1,442,058      1,254,725      1,497,678      1,935,631
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     20,038         20,441         20,527         20,380         10,181         10,088
    247,490        473,296        527,717        509,884        542,377        510,145
    828,457        664,652        617,872        558,851        481,387        401,388
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  1,095,985      1,158,389      1,166,116      1,089,115      1,033,945        921,621
  2,995,342      3,772,053      2,608,174      2,343,840      2,531,623      2,857,252


2/26/2000      11/27/1999     8/28/1999      5/29/1999      2/27/1999      11/28/1998
   4,312,315      3,107,337      2,688,183      2,386,188      3,445,015      2,493,843
   3,504,075      2,516,970      2,156,120      1,923,429      2,840,651      2,048,252
     808,240        590,367        532,063        462,759        604,364        445,591
          NA             NA             NA             NA             NA             NA
     555,176        467,779        440,914        390,301        445,588        353,985
     253,064        122,588         91,149         72,458        158,776         91,606
          NA             NA             NA             NA             NA             NA
      10,171          4,451          4,276          4,413            435             NA
          NA             NA             NA             NA         -6,695          3,190
     263,235        127,039         95,425         76,871        165,906         88,416
     100,850         48,650         36,404         29,596         63,873         34,027
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     162,385         78,389         59,021         47,275        102,033         54,389
          NA             NA             NA             NA             NA             NA
     162,385         78,389         59,021         47,275        102,033         54,389
     200,379        204,411        205,270        203,806        203,621        100,882

2/26/2000      11/27/1999     8/28/1999      5/29/1999      2/27/1999      11/28/1998
8/29/1998      5/30/1998      2/28/1998      11/29/1997     8/30/1997      5/31/1997
     491,632        397,298        520,127        122,060        101,353         94,909
          NA             NA             NA             NA             NA             NA
     140,714         75,563         95,702        185,885        101,470         84,429
   1,167,966             NA      1,060,788      1,679,721      1,188,361      1,110,017
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      70,528      1,156,848         33,660         60,478         89,933         92,670
   1,870,840      1,629,709      1,710,277      2,048,144      1,481,117      1,382,025
     608,331        592,983        581,572        565,229        546,953        525,968
     280,137        265,345        248,648        238,269        222,725        204,647
     328,194        327,638        332,924        326,960        324,228        321,321
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       9,899          9,948         13,145         14,635         15,023         17,335
   2,208,933      1,967,295      2,056,346      2,389,739      1,820,368      1,720,681


8/29/1998      5/30/1998      2/28/1998      11/29/1997     8/30/1997      5/31/1997
          NA         41,672         35,565             NA         63,407             NA
     799,280        661,629        727,087      1,152,821        617,879        520,354
     182,078         14,390         14,925         18,287         16,866        105,396
          NA             NA             NA             NA             NA             NA
     226,907        188,662        212,516        207,909        179,560        159,292
          NA             NA         24,608             NA             NA             NA
      73,304         16,114         18,975         71,834         22,332         24,906
   1,281,569        922,467      1,033,676      1,450,851        900,044        809,948
          NA             NA             NA             NA             NA             NA
      26,664         26,187         24,673         22,440         25,663         28,035
          NA            671             NA             NA             NA             NA
      35,295        207,247        210,397        211,624        217,820        212,609
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,343,528      1,156,572      1,268,746      1,684,915      1,143,527      1,050,592
          NA             NA        229,854        230,000        230,000        230,000
          NA             NA             NA             NA             NA             NA
     10,077         10,031          4,463          4,391          4,381          4,381
    508,329        497,828        266,144        247,320        245,765        245,661
    346,999        302,864        287,139        223,113        196,695        190,047
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
    865,405        810,723        557,746        474,824        446,841        440,089
  2,208,933      1,967,295      2,056,346      2,389,739      1,820,368      1,720,681


8/29/1998      5/30/1998      2/28/1998      11/29/1997     8/30/1997      5/31/1997
   2,182,124      1,943,664      2,852,096      2,106,361      1,793,204      1,606,551
   1,771,775      1,589,445      2,394,639      1,768,471      1,504,296      1,358,668
     410,349        354,219        457,457        337,890        288,908        247,883
          NA             NA             NA             NA             NA             NA
     337,554        326,154        348,660        284,971        268,982        242,667
      72,795         28,065        108,797         52,919         19,926          5,216
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       1,010          2,495          4,834          9,601          9,030          9,540
      71,785         25,570        103,963         43,318         10,896         -4,324
      27,650          9,845         39,937         16,900          4,248         -1,685
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      44,135         15,725         64,026         26,418          6,648         -2,639
          NA             NA             NA             NA             NA             NA
      44,135         15,725         64,026         26,418          6,648         -2,639
     100,770        100,310         89,252         43,906         43,813         43,806

8/29/1998      5/30/1998      2/28/1998      11/29/1997     8/30/1997      5/31/1997
3/1/1997      11/30/1996     8/31/1996      6/1/1996      3/2/1996      11/25/1995
     89,808         43,195         30,670        20,604        86,445        107,041
         NA             NA             NA            NA            NA             NA
     79,581        217,106        125,870       104,732       121,438        191,920
  1,132,059      1,844,782      1,447,382     1,368,959     1,201,142      1,973,967
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
     83,587        137,661        130,053       159,034       151,518        159,279
  1,385,035      2,242,744      1,733,975     1,653,329     1,560,543      2,432,207
    519,827        494,248        478,962       459,529       443,715        418,455
    188,194        173,783        161,445       149,449       132,676        120,668
    331,633        320,465        317,517       310,080       311,039        297,787
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
         NA             NA             NA         2,977         7,204         11,058
         NA             NA             NA            NA            NA             NA
     17,639         12,838         12,912        12,183        12,046         17,163
  1,734,307      2,576,047      2,064,404     1,978,569     1,890,832      2,758,215


3/1/1997      11/30/1996     8/31/1996      6/1/1996      3/2/1996      11/25/1995
    127,510        396,132        208,000       327,456        93,951        310,000
    487,802      1,047,941        619,515       515,297       673,852      1,122,865
     21,391         17,249         16,035        23,362        23,568         23,109
         NA             NA             NA            NA            NA             NA
    156,274        186,978        172,343       168,892       152,472        180,400
         NA             NA             NA            NA            NA         10,437
     24,602         26,086        133,220        29,469        30,845        206,642
    817,579      1,674,386      1,149,113     1,064,476       974,688      1,853,453
         NA             NA             NA            NA            NA             NA
     28,210         29,208         35,433        41,409        48,243         55,333
         NA        230,000        230,000       230,000            NA             NA
    220,203        212,768        209,927       207,855       206,287        208,767
         NA             NA             NA            NA            NA             NA
         NA             NA             NA            NA            NA             NA
  1,065,992      2,146,362      1,624,473     1,543,740     1,229,218      2,117,553
         NA             NA             NA            NA       230,000             NA
    230,000             NA             NA            NA            NA        230,000
     4,329           4,327          4,322         4,312         4,284          4,271
   241,300         241,196        240,474       239,170       236,392        235,284
   192,686         184,162        195,135       191,347       190,938        171,107
        NA              NA             NA            NA            NA             NA
        NA              NA             NA            NA            NA             NA
   668,315         429,685        439,931       434,829       431,614        640,662
 1,734,307       2,576,047      2,064,404     1,978,569     1,890,832      2,758,215


3/1/1997      11/30/1996      8/31/1996      6/1/1996      3/2/1996      11/25/1995
  2,347,535      2,007,324       1,778,640     1,637,184     2,575,564      1,929,277
  2,021,738      1,758,556       1,526,974     1,404,534     2,260,785      1,686,394
    325,797        248,768         251,666       232,650       314,779        242,883
         NA             NA              NA            NA            NA             NA
    302,117        251,878         231,982       219,698       270,350        200,295
     23,680          -3,110         19,684        12,952        44,429         42,588
         NA             NA              NA            NA            NA             NA
         NA             NA              NA            NA            NA             NA
      9,699         14,883          13,475        12,281        12,066         13,186
     13,981        -17,993           6,209           671        32,363         29,402
      5,457          -7,020          2,421           262        12,532         11,600
         NA             NA              NA            NA            NA             NA
         NA             NA              NA            NA            NA             NA
         NA             NA              NA            NA            NA             NA
      8,524        -10,973           3,788           409        19,831         17,802
         NA             NA              NA            NA            NA             NA
      8,524        -10,973           3,788           409        19,831         17,802
     43,287         43,273          43,222        43,124        42,842         42,705

3/1/1997      11/30/1996      8/31/1996      6/1/1996      3/2/1996      11/25/1995
8/26/1995      5/27/1995      2/25/1995      11/26/1994     8/27/1994      5/28/1994
      43,693         51,669        144,700         20,478         47,427         10,226
          NA             NA             NA             NA             NA             NA
     116,474        100,005         84,440        149,981         87,804         67,331
   1,269,060      1,002,391        907,677      1,491,080        863,500        704,518
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     172,226        125,180        103,850         26,543         20,115         16,102
   1,601,453      1,279,245      1,240,667      1,688,082      1,018,846        798,177
     380,032        350,038        325,593        383,073        312,412        260,532
     111,212        100,785         88,116         88,032         77,286         68,907
     268,820        249,253        237,477        295,041        235,126        191,625
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      11,058          9,940          9,223          8,630          8,105          6,163
          NA             NA             NA             NA             NA             NA
      20,151         19,604         19,758         16,853          8,828          8,765
   1,901,482      1,558,042      1,507,125      2,008,606      1,270,905      1,004,730


8/26/1995      5/27/1995      2/25/1995      11/26/1994     8/27/1994      5/28/1994
     150,000         50,000         81,755        192,000       118,713          46,058
     662,257       448,545        406,682         787,707       481,440        312,664
      23,124         13,664         13,718         12,298          9,144          9,003
          NA             NA             NA             NA             NA             NA
     127,941         88,941         89,542         87,303         66,705         57,392
       2,641          3,443         14,979         12,729          3,583          3,717
      51,496         68,126         24,942         76,045         20,774         19,909
   1,017,459       672,719        631,618       1,168,082       700,359        448,743
          NA             NA             NA             NA             NA             NA
      49,558         45,197         42,138         36,203         31,887         29,667
          NA             NA             NA             NA             NA             NA
     212,143       224,723        227,247         227,096       211,013        208,711
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,279,160       942,639        901,003       1,431,381       943,259        687,121
          NA             NA             NA             NA             NA             NA
     230,000       230,000        230,000         230,000             NA             NA
      4,267          4,259          4,221          4,217          4,207          4,185
    234,750        233,553        228,982        228,197        226,330        223,915
    153,305        147,591        142,919        114,811         97,109         89,509
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
    622,322        615,403        606,122        577,225        327,646        317,609
  1,901,482      1,558,042      1,507,125      2,008,606      1,270,905      1,004,730


8/26/1995      5/27/1995      2/25/1995      11/26/1994     8/27/1994      5/28/1994
   1,437,911      1,274,696      1,947,111      1,349,871       933,172        849,403
   1,241,290      1,092,408      1,691,563      1,166,162       800,988        730,451
     196,621        182,288        255,548        183,709       132,184        118,952
          NA             NA             NA             NA             NA             NA
     177,418        165,925        200,979        145,696       114,525        107,266
      19,203         16,363         54,569         38,013         17,659         11,686
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       9,726          8,616          9,090          9,011          5,099          4,676
       9,477          7,747         45,479         29,002         12,560          7,010
       3,763          3,075         17,371         11,300          4,960          2,769
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       5,714          4,672         28,108         17,702          7,600          4,241
          NA             NA             NA             NA             NA             NA
       5,714          4,672         28,108         17,702          7,600          4,241
      42,670         42,594         42,216         42,165         42,067         41,854

8/26/1995      5/27/1995      2/25/1995      11/26/1994     8/27/1994      5/28/1994
2/26/1994
      59,872
          NA
      52,944
    637,950
          NA
          NA
          NA
          NA
      13,844
    764,610
    233,492
      60,768
    172,724
          NA
          NA
       7,078
          NA
       8,082
    952,494


2/26/1994
      11,156
    294,060
       8,899
          NA
      57,073
      11,694
      19,146
    402,028
          NA
      28,211
          NA
    210,811
          NA
          NA
    641,050
          NA
          NA
      2,087
    224,089
     85,268
         NA
         NA
    311,444
    952,494


2/26/1994
   1,193,159
   1,026,016
     167,143
          NA
     127,578
      39,565
          NA
          NA
       4,291
      35,274
      13,835
          NA
          NA
          NA
      21,439
          NA
      21,439
      41,742

2/26/1994
BEST BUY CO INC
ANNUAL FINANCIAL INFORMATION

BALANCE SHEET
    ANNUAL ASSETS (000s)
FISCAL YEAR ENDING              3/1/2003      3/2/2002      3/3/2001
CASH                              1,914,000     1,861,000       747,000
MRKTABLE SECURITIES                      NA            NA            NA
RECEIVABLES                         312,000       221,000       209,000
INVENTORIES                       2,046,000     1,875,000      1767000
RAW MATERIALS                            NA            NA            NA
WORK IN PROGRESS                         NA            NA            NA
FINISHED GOODS                           NA            NA            NA
NOTES RECEIVABLE                         NA            NA            NA
OTHER CURRENT ASSETS                595,000       643,000     1,973,000
TOTAL CURRENT ASSETS              4,867,000     4,600,000     2,929,000
PROP, PLANT & EQUIP               3,089,000     2,433,000     1,987,000
ACCUMULATED DEP                   1,027,000       772,000       543,000
NET PROP & EQUIP                  2,062,000     1,661,000     1,444,000
INVEST & ADV TO SUBS                     NA            NA            NA
OTHER NON-CUR ASSETS                157,000       561,000            NA
DEFERRED CHARGES                         NA            NA            NA
INTANGIBLES                         462,000       465,000       385,000
DEPOSITS & OTH ASSET                115,000        80,000        82,000
TOTAL ASSETS                      7,663,000     7,367,000     4,840,000

    ANNUAL LIABILITIES (000S)
FISCAL YEAR ENDING              3/1/2003      3/2/2002      3/3/2001
NOTES PAYABLE                           NA            NA            NA
ACCOUNTS PAYABLE                 2,195,000     2,202,000     1,773,000
CUR LONG TERM DEBT                   1,000         7,000       115,000
CUR PORT CAP LEASES                     NA            NA            NA
ACCRUED EXPENSES                   903,000       787,000       700,000
INCOME TAXES                       374,000       291,000       127,000
OTHER CURRENT LIAB                 320,000       418,000            NA
TOTAL CURRENT LIAB               3,793,000     3,705,000     2,715,000
MORTGAGES                               NA            NA            NA
DEFERRED CHARGES/INC                    NA            NA            NA
CONVERTIBLE DEBT                        NA            NA            NA
LONG TERM DEBT                     828,000       808,000       181,000
NON-CUR CAP LEASES                      NA            NA            NA
OTHER LONG TERM LIAB               312,000       333,000       122,000
TOTAL LIABILITIES                4,933,000     4,846,000     3,018,000
MINORITY INT (LIAB)                     NA            NA            NA
PREFERRED STOCK                         NA            NA            NA
COMMON STOCK NET                                32,000        31,000         31,000
CAPITAL SURPLUS                                778,000       702,000        567,000
RETAINED EARNINGS                            1,893,000     1,794,000      1,224,000
TREASURY STOCK                                      NA            NA             NA
OTHER EQUITIES                                  27,000        -6,000             NA
SHAREHOLDER EQUITY                           2,730,000     2,521,000      1,822,000
TOT LIAB & NET WORTH                         7,663,000     7,367,000      4,840,000

     ANNUAL INCOME (000s)
FISCAL YEAR ENDING                         3/1/2003       3/2/2002      3/3/2001
NET SALES                                   20,946,000     17,711,000    15,189,000
COST OF GOODS                               15,710,000     13,941,000    12,177,000
GROSS PROFIT                                 5,236,000      3,770,000     3,012,000
R & D EXPENDITURES                                  NA             NA            NA
SELL GEN & ADMIN EXP                         4,226,000      2,862,000     2,401,000
INC BEF DEP & AMORT                          1,010,000        908,000       611,000
DEPRECIATION & AMORT                                NA             NA            NA
NON-OPERATING INC                                4,000         18,000        38,000
INTEREST EXPENSE                                    NA             NA            NA
INCOME BEFORE TAX                            1,014,000        926,000       649,000
PROV FOR INC TAXES                             392,000        356,000       248,000
MINORITY INT (INC)                                  NA             NA            NA
INVEST GAINS/LOSSES                                 NA             NA            NA
OTHER INCOME                                        NA             NA            NA
NET INC BEF EX ITEMS                           622,000        570,000       401,000
EX ITEMS & DISC OPS                           -523,000             NA         -5,000
NET INCOME                                      99,000        570,000       396,000
OUTSTANDING SHARES                             321,966        319,128       312,207

CASH FLOW PROVIDED BY OPERATING
ACTIVITY (000s)
Fiscal Year Ending                         3/1/2003       3/2/2002      3/3/2001
Net Income (Loss)                                99,000       570,000       396,000
Depreciation/Amortization                      310,000        245,000       165,000
Net Incr (Decr) Assets/Liabs                  -173,000        677,000       241,000
Cash Prov (Used) by Disc Oper                  444,000       -270,000        -53,000
Other Adjustments, Net                          -13,000        51,000         54,000
Net Cash Prov (Used) by Oper                   667,000      1,273,000       803,000

CASH FLOW PROVIDED BY INVESTING ACTIVITY
(000s)
Fiscal Year Ending                         3/1/2003       3/2/2002      3/3/2001
(Incr) Decr in Prop, Plant                    -725,000       -581,000      -657,000
(Acq) Disp of Subs, Business                     -3,000      -368,000      -326,000
(Incr) Decr in Securities Inv                       NA             NA             NA
Other Cash Inflow (Outflow)                     69,000         25,000        -46,000
Net Cash Prov (Used) by Inv                   -659,000       -924,000    -1,029,000

CASH FLOW PROVIDED BY FINANCING ACTIVITY
(000s)
Fiscal Year Ending                         3/1/2003       3/2/2002      3/3/2001
Issue (Purchase) of Equity                      40,000         48,000       235,000
Issue (Repayment) of Debt          18,000     726,000        NA
Incr (Decr) In Borrowing          -13,000      -5,000   -17,000
Dividends, Other Distribution          NA          NA        NA
Other Cash Inflow (Outflow)            NA          NA        NA
Net Cash Prov (Used) by Finan      45,000     769,000   218,000
Effect of Exchg Rate On Cash           NA          NA        NA
Net Change in Cash or Equiv        53,000   1,118,000    -8,000
Cash or Equiv at Year Start     1,861,000     743,000   751,000
Cash or Equiv at Year End       1,914,000   1,861,000   743,000

Capital Expenditures             -725,000    -581,000   -657,000
2/26/2000      2/27/1999      2/28/1998      3/1/1997      3/2/1996      2/25/1995
     750,723        785,777        520,127        89,808        86,445        144,700
          NA             NA             NA            NA            NA             NA
     189,301        132,401         95,702        79,581       121,438         84,440
   1,183,681      1,046,366      1,060,788     1,132,059     1,201,142        907,677
          NA             NA             NA            NA            NA             NA
          NA             NA             NA            NA            NA             NA
          NA             NA             NA            NA            NA             NA
          NA             NA             NA            NA            NA             NA
     114,755        107,283         40,134        83,587       151,518        103,850
   2,238,460      2,071,827      1,716,751     1,385,035     1,560,543      1,240,667
   1,093,471        731,964        581,572       519,827       443,715        325,593
     395,387        308,324        248,648       188,194       132,676         88,116
     698,084        423,640        332,924       331,633       311,039        237,477
          NA             NA             NA            NA            NA             NA
          NA             NA             NA            NA            NA             NA
          NA             NA             NA            NA         7,204          9,223
          NA             NA             NA            NA            NA             NA
      58,798         36,156         20,696        17,639        12,046         19,758
   2,995,342      2,531,623      2,070,371     1,734,307     1,890,832      1,507,125


2/26/2000      2/27/1999      2/28/1998      3/1/1997      3/2/1996      2/25/1995
          NA             NA             NA       127,510        93,951         81,755
   1,313,940      1,011,746        762,652       487,802       673,852       406,682
      15,790         30,088         14,925        21,391        23,568         13,718
          NA             NA             NA            NA            NA             NA
     389,953        321,031        248,394       156,274       152,472         89,542
      65,366         46,851         24,608            NA            NA         14,979
          NA             NA             NA        24,602        30,845         24,942
   1,785,049      1,409,716      1,050,579       817,579       974,688       631,618
          NA             NA             NA            NA            NA             NA
          NA             NA             NA        31,788        48,243         42,138
          NA             NA             NA            NA            NA             NA
      14,860         30,509        210,397       216,625       206,287       227,247
          NA             NA             NA            NA            NA             NA
      99,448         57,453        273,683            NA            NA             NA
   1,899,357      1,497,678      1,534,659     1,065,992     1,229,218       901,003
          NA             NA             NA       230,000       230,000             NA
          NA             NA             NA            NA            NA       230,000
     20,038         10,181          4,463          4,329          4,284          4,221
    247,490        542,377        266,144        241,300        236,392        228,982
    828,457        481,387        265,105        192,686        190,938        142,919
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  1,095,985      1,033,945        535,712        438,315        431,614        606,122
  2,995,342      2,531,623      2,070,371      1,734,307      1,890,832      1,507,125


2/26/2000      2/27/1999      2/28/1998      3/1/1997       3/2/1996       2/25/1995
 12,494,000     10,064,646       8,337,762     7,757,692      7,217,448       5,079,557
 10,101,000       8,250,123      7,026,074     6,711,802      6,280,877       4,389,164
   2,393,000      1,814,523      1,311,688     1,045,890        936,571         690,393
          NA             NA             NA             NA            NA              NA
   1,854,000      1,463,281      1,145,280     1,005,675        813,988         568,466
     539,000        351,242        166,408         40,215       122,583         121,927
          NA             NA             NA             NA            NA              NA
      24,000            435        -33,005        -50,338            NA              NA
          NA             NA             NA             NA        43,594          27,876
     563,000        351,677        133,403        -10,123        78,989          94,051
     216,000        135,395         51,465         -3,946        30,970          36,400
          NA             NA             NA             NA            NA              NA
          NA             NA             NA             NA            NA              NA
          NA             NA             NA             NA            NA              NA
     347,000        216,282         81,938         -6,177        48,019          57,651
          NA             NA             NA             NA            NA              NA
     347,000        216,282         81,938         -6,177        48,019          57,651
     200,379        203,621        178,504         43,287        42,842          42,216



2/26/2000      2/27/1999      2/28/1998      3/1/1997       3/2/1996       2/25/1995
    347,000        216,282          81,938         -6,177        48,019          57,651
    104,000          73,627         71,584         67,312        54,862          38,570
    291,000        360,038        296,921         -47,926         -4,628       -134,392
          NA             NA             NA             NA             NA             NA
      34,000          3,991             NA             NA          1,267            760
    776,000        653,938        450,443          13,209        99,520         -37,411



2/26/2000      2/27/1999      2/28/1998      3/1/1997       3/2/1996       2/25/1995
    -382,000       -165,698        -72,063        -87,593      -126,201        -204,340
         NA              NA             NA             NA             NA             NA
         NA              NA             NA             NA             NA         24,060
     -34,000        -75,376         49,764         67,159        -32,303        -11,676
    -416,000       -241,074        -22,299        -20,434      -158,504        -191,956



2/26/2000      2/27/1999      2/28/1998      3/1/1997       3/2/1996       2/25/1995
    -365,000         18,182         14,869         2,740          3,133           2,366
      NA         NA        NA       NA         NA         NA
 -30,000   -165,396   -12,694    7,848     -2,404    311,829
      NA         NA        NA       NA         NA         NA
      NA         NA        NA       NA         NA         NA
-395,000   -147,214     2,175   10,588        729    314,195
      NA         NA        NA       NA         NA         NA
 -35,000    265,650   430,319    3,363    -58,255     84,828
 786,000    520,127    89,808   86,445    144,700     59,872
 751,000    785,777   520,127   89,808     86,445    144,700

-382,000   -165,698   -72,063   -87,593   -126,201   -204,340
2/26/1994
      59,872
          NA
      52,944
    637,950
          NA
          NA
          NA
          NA
      13,844
    764,610
    233,492
      60,768
    172,724
          NA
          NA
       7,078
          NA
       8,082
    952,494


2/26/1994
      11,156
    294,060
       8,899
          NA
      57,073
      11,694
      19,146
    402,028
          NA
      28,211
          NA
    210,811
          NA
          NA
    641,050
          NA
          NA
      2,087
    224,089
     85,268
         NA
         NA
    311,444
    952,494


2/26/1994
   3,006,534
   2,549,609
     456,925
          NA
     379,747
      77,178
          NA
          NA
       8,800
      68,378
      26,668
          NA
          NA
          NA
      41,710
        -425
      41,285
      41,742



2/26/1994
      41,285
      22,412
    -191,040
         425
         719
    -126,199



2/26/1994
     -56,906
         NA
         NA
      -6,592
     -63,498



2/26/1994
      86,513
     NA
155,918
     NA
     NA
242,431
     NA
 52,734
  7,138
 59,872

-56,906
CIRCUIT CITY STORES INC
QUARTERLY FINANCIAL INFORMATION

BALANCE SHEET
    QUARTERLY ASSETS (000s)
FISCAL QUARTER ENDING              11/30/2003     8/31/2003      5/31/2003
CASH                                    455,343        633,072        615,644
MRKTABLE SECURITIES                          NA             NA             NA
RECEIVABLES                             173,684        168,450        181,054
INVENTORIES                           2,651,078      1,554,432      1,328,659
RAW MATERIALS                                NA             NA             NA
WORK IN PROGRESS                             NA             NA             NA
FINISHED GOODS                               NA             NA             NA
NOTES RECEIVABLE                             NA             NA             NA
OTHER CURRENT ASSETS                    434,330        678,039        826,348
TOTAL CURRENT ASSETS                  3,714,435      3,033,993      2,951,705
PROP, PLANT & EQUIP                     631,560        625,532        621,067
ACCUMULATED DEP                              NA             NA             NA
NET PROP & EQUIP                        631,560        625,532        621,067
INVEST & ADV TO SUBS                         NA             NA             NA
OTHER NON-CUR ASSETS                         NA             NA             NA
DEFERRED CHARGES                         30,573         25,435         26,370
INTANGIBLES                                  NA             NA             NA
DEPOSITS & OTH ASSET                     29,809         35,477         24,227
TOTAL ASSETS                          4,406,377      3,720,437      3,623,369

    QUARTERLY LIABILITIES (000S)
FISCAL QUARTER ENDING              11/30/2003     8/31/2003      5/31/2003
NOTES PAYABLE                                NA             NA             NA
ACCOUNTS PAYABLE                      1,793,866      1,186,880        900,424
CUR LONG TERM DEBT                        1,253          1,366          1,469
CUR PORT CAP LEASES                          NA             NA             NA
ACCRUED EXPENSES                        129,766        126,685        132,119
INCOME TAXES                             87,691         68,962        128,531
OTHER CURRENT LIAB                        7,417             NA             NA
TOTAL CURRENT LIAB                    2,019,993      1,383,893      1,162,543
MORTGAGES                                    NA             NA             NA
DEFERRED CHARGES/INC                         NA             NA             NA
CONVERTIBLE DEBT                             NA             NA             NA
LONG TERM DEBT                           22,987         10,630         10,865
NON-CUR CAP LEASES                           NA             NA             NA
OTHER LONG TERM LIAB                    191,577        169,411        168,666
TOTAL LIABILITIES                     2,234,557      1,563,934      1,342,074
MINORITY INT (LIAB)                          NA             NA             NA
PREFERRED STOCK                              NA             NA             NA
COMMON STOCK NET                   105,254        104,734        103,855
CAPITAL SURPLUS                    856,716        839,724        837,498
RETAINED EARNINGS                1,209,850      1,212,045      1,339,942
TREASURY STOCK                          NA             NA             NA
OTHER EQUITIES                          NA             NA             NA
SHAREHOLDER EQUITY               2,171,820      2,156,503      2,281,295
TOT LIAB & NET WORTH             4,406,377      3,720,437      3,623,369

     QUARTERLY INCOME (000s)
FISCAL QUARTER ENDING          11/30/2003     8/31/2003      5/31/2003
NET SALES                         2,407,424      2,155,700      1,933,320
COST OF GOODS                     1,872,600      1,668,325      1,485,010
GROSS PROFIT                        534,824        487,375        448,310
R & D EXPENDITURES                       NA             NA             NA
SELL GEN & ADMIN EXP                576,721        547,176        496,619
INC BEF DEP & AMORT                 -41,897        -59,801        -48,309
DEPRECIATION & AMORT                     NA             NA         22,105
NON-OPERATING INC                     5,631       -133,310             NA
INTEREST EXPENSE                        169            303          1,007
INCOME BEFORE TAX                   -36,435       -193,414        -71,421
PROV FOR INC TAXES                  -12,362        -69,169        -27,497
MINORITY INT (INC)                       NA             NA             NA
INVEST GAINS/LOSSES                      NA             NA             NA
OTHER INCOME                             NA             NA             NA
NET INC BEF EX ITEMS                -24,073       -124,245        -43,924
EX ITEMS & DISC OPS                  25,546             NA             NA
NET INCOME                            1,473       -124,245        -43,924
OUTSTANDING SHARES                  209,955        209,467        207,711

FISCAL QUARTER ENDING          11/30/2003     8/31/2003      5/31/2003
DEPRECIATION & AMORT                  45400         48200          49500
2/28/2003      11/30/2002     8/31/2002      5/31/2002      2/28/2002      11/30/2001
     884,670        437,539        846,796      1,176,002      1,251,532        709,914
          NA             NA             NA             NA             NA             NA
     215,125        231,167        850,765        201,208        726,541        700,713
   1,409,736      2,374,860      2,018,209      1,742,485      1,633,327      2,500,678
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     593,379        588,086         43,583        580,574         41,311         66,082
   3,102,910      3,631,652      3,759,353      3,700,269      3,652,711      3,977,387
     649,593        693,157        859,868        858,505        853,778        861,059
          NA             NA             NA             NA             NA             NA
     649,593        693,157        859,868        858,505        853,778        861,059
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      22,362             NA         10,464          6,785             NA             NA
          NA             NA             NA             NA             NA             NA
      24,252          7,282         29,464         31,537         32,897         33,227
   3,799,117      4,332,091      4,659,149      4,597,096      4,539,386      4,871,673


2/28/2003      11/30/2002     8/31/2002      5/31/2002      2/28/2002      11/30/2001
          NA         58,000          5,206         10,855         10,237          2,591
     963,701      1,575,762      1,274,904      1,108,731      1,106,679      1,765,244
       1,410          1,346          2,132        102,102        102,073        102,469
          NA             NA             NA             NA             NA             NA
     128,776        143,137        164,529        192,044        284,032        177,432
     186,182             NA        136,204        140,503        138,306        142,045
          NA        124,921             NA             NA             NA             NA
   1,280,069      1,903,166      1,582,975      1,554,235      1,641,327      2,189,781
          NA             NA             NA             NA             NA             NA
          NA          3,049        158,315             NA        149,557         97,687
          NA             NA             NA             NA             NA             NA
      11,254         11,640        111,996        113,734         14,064         15,212
          NA             NA             NA             NA             NA             NA
     166,219        156,341             NA        156,694             NA             NA
   1,457,542      2,074,196      1,853,286      1,824,663      1,804,948      2,302,680
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
    104,977        105,267        123,560        123,487        122,837        122,428
    849,083        841,696        839,567        823,066        810,047        800,649
  1,387,515      1,310,932      1,842,736      1,825,880      1,801,554      1,645,916
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  2,341,575      2,257,895      2,805,863      2,772,433      2,734,438      2,568,993
  3,799,117      4,332,091      4,659,149      4,597,096      4,539,386      4,871,673


2/28/2003      11/30/2002     8/31/2002      5/31/2002      2/28/2002      11/30/2001
   1,114,749      2,421,687      3,297,287      3,119,807      4,170,847      3,054,232
     593,892      1,873,573      2,647,186      2,488,554      3,252,772      2,412,055
     520,857        548,114        650,101        631,253        918,075        642,177
          NA             NA             NA             NA             NA             NA
     555,790        590,678        614,215        583,925        660,431        597,051
     -34,933        -42,564         35,886         47,328        257,644         45,126
          NA             NA             NA             NA             NA             NA
      54,108          8,308             NA             NA             NA             NA
      -1,608            168          1,507          1,026            719            474
      20,783        -34,424         34,379         46,302        256,925         44,652
       6,386        -13,081         13,850         18,320         97,635         16,964
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      14,397        -21,343         20,529         27,982        159,290         27,688
      60,952          3,567             NA             NA             NA             NA
      75,349        -17,776         20,529         27,982        159,290         27,688
     209,955        210,533        247,119        246,974        245,674        208,440

2/28/2003      11/30/2002     8/31/2002      5/31/2002      2/28/2002      11/30/2001
      44104
8/31/2001      5/31/2001      2/28/2001      11/30/2000     8/31/2000      5/31/2000
     823,654        404,501        446,131        121,868        432,700        368,046
          NA             NA             NA             NA             NA             NA
     600,600        594,228        585,761        564,832        614,540        589,554
   1,560,461      1,731,833      1,757,664      2,653,440      1,846,749      1,848,910
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      41,692         68,913         57,623        102,493         38,144         32,433
   3,026,407      2,799,475      2,847,179      3,442,633      2,932,133      2,838,943
     898,222        981,031        988,947      1,021,973        954,960        946,989
          NA             NA             NA             NA             NA             NA
     898,222        981,031        988,947      1,021,973        954,960        946,989
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      34,251         34,241         35,207         44,510         46,359         48,712
   3,958,880      3,814,747      3,871,333      4,509,116      3,933,452      3,834,644


8/31/2001      5/31/2001      2/28/2001      11/30/2000     8/31/2000      5/31/2000
       1,570          2,840          1,200        151,386          2,470          1,419
     947,405        821,591        902,560      1,504,541      1,017,295      1,000,728
     102,441        132,414        132,388        132,354        132,318          2,379
          NA             NA             NA             NA             NA             NA
     153,670        154,795        162,972        157,333        164,252        128,767
     103,017         99,967         92,479         65,468         63,791         61,576
          NA             NA             NA             NA             NA             NA
   1,308,103      1,211,607      1,291,599      2,011,082      1,380,126      1,194,869
          NA             NA             NA             NA             NA             NA
      97,529        107,981        107,114        129,922        128,891        148,920
          NA             NA             NA             NA             NA             NA
      15,528        115,836        116,137        118,105        118,393        248,941
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,421,160      1,435,424      1,514,850      2,259,109      1,627,410      1,592,730
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
    122,258        117,248        116,330        115,642        115,516        115,248
    793,590        651,414        642,838        636,618        626,698        618,719
  1,621,872      1,610,661      1,597,315      1,497,747      1,563,828      1,507,947
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  2,537,720      2,379,323      2,356,483      2,250,007      2,306,042      2,241,914
  3,958,880      3,814,747      3,871,333      4,509,116      3,933,452      3,834,644


8/31/2001      5/31/2001      2/28/2001      11/30/2000     8/31/2000      5/31/2000
   2,887,915      2,678,474      3,817,127      2,887,269      3,179,781      3,074,851
   2,282,845      2,112,121      2,960,660      2,305,141      2,506,316      2,391,589
     605,070        566,353        856,467        582,128        673,465        683,262
          NA             NA             NA             NA             NA             NA
     579,465        535,994        683,885        677,853        573,968        579,206
      25,605         30,359        172,582        -95,725         99,497        104,056
          NA             NA             NA             NA             NA             NA
          NA             NA         -1,670             NA             NA             NA
       1,654          2,992          4,518          5,061          3,583          6,221
      23,951         27,367        166,394       -100,786         95,914         97,835
       9,101         10,400         63,230        -38,299         36,447         37,177
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      14,850         16,967        103,164        -62,487         59,467         60,658
          NA             NA             NA             NA             NA             NA
      14,850         16,967        103,164        -62,487         59,467         60,658
     208,260        234,497        207,020        205,638        231,032        230,496

8/31/2001      5/31/2001      2/28/2001      11/30/2000     8/31/2000      5/31/2000
2/29/2000      11/30/1999     8/31/1999      5/31/1999      2/28/1999      11/30/1998
     643,933         75,845        241,492         77,113        265,880        118,005
          NA             NA             NA             NA             NA             NA
     593,276        648,661        556,168        586,534        574,316        631,237
   1,689,209      2,385,820      1,791,767      1,613,671      1,517,675      2,204,933
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      16,197         82,960         71,912         90,540         36,644         59,972
   2,942,615      3,193,286      2,661,339      2,367,858      2,394,515      3,014,147
     965,181      1,007,121      1,005,894        992,423      1,005,773      1,089,174
          NA             NA             NA             NA             NA             NA
     965,181      1,007,121      1,005,894        992,423      1,005,773      1,089,174
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      47,552         47,228         49,509         52,502         44,978         39,148
   3,955,348      4,247,635      3,716,742      3,412,783      3,445,266      4,142,469


2/29/2000      11/30/1999     8/31/1999      5/31/1999      2/28/1999      11/30/1998
       3,005        288,392          5,487         11,955          8,016        462,996
     960,131      1,209,817      1,041,555        801,913        799,733      1,144,356
     177,344        177,785        177,760        177,733          2,707          2,706
          NA             NA             NA             NA             NA             NA
     204,561        141,638        141,093        170,134        143,585        118,801
      61,118         46,280         13,242             NA          9,764          9,977
          NA             NA             NA             NA             NA             NA
   1,406,159      1,863,912      1,379,137      1,161,735        963,805      1,738,836
          NA             NA             NA             NA             NA             NA
     157,774        151,555        166,107        169,269        149,746        164,735
          NA             NA             NA             NA             NA             NA
     249,241        250,309        250,585        250,855        426,585        426,844
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,813,174      2,265,776      1,795,829      1,581,859      1,540,136      2,330,415
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
    114,741        113,780        113,560        112,919         61,968         61,634
    576,574        573,400        560,694        542,263        575,686        564,115
  1,450,859      1,294,679      1,246,659      1,175,742      1,267,476      1,186,305
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  2,142,174      1,981,859      1,920,913      1,830,924      1,905,130      1,812,054
  3,955,348      4,247,635      3,716,742      3,412,783      3,445,266      4,142,469


2/29/2000      11/30/1999     8/31/1999      5/31/1999      2/28/1999      11/30/1998
   3,980,407      2,984,607      2,958,394      2,690,982      3,403,307      2,612,896
   3,059,770      2,313,697      2,290,111      2,088,255      2,626,579      2,020,791
     920,637        670,910        668,283        602,727        776,728        592,105
          NA             NA             NA             NA             NA             NA
     655,883        581,216        542,913        529,581        633,179        561,416
     264,754         89,694        125,370         73,146        143,549         30,689
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       7,108          6,504          5,262          5,332          6,960          7,714
     257,646         83,190        120,108         67,814        136,589         22,975
      97,905         31,612         45,641         25,770         51,904          8,731
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     159,741         51,578         74,467         42,044         84,685         14,244
          NA             NA             NA       -130,240             NA             NA
     159,741         51,578         74,467        -88,196         84,685         14,244
     203,868        227,560        227,120        225,838        123,936        123,268

2/29/2000      11/30/1999     8/31/1999      5/31/1999      2/28/1999      11/30/1998
8/31/1998      5/31/1998      2/28/1998      11/30/1997     8/31/1997      5/31/1997
      93,570         85,773        116,612         76,895        168,770        259,500
          NA             NA             NA             NA             NA             NA
     607,584        601,287        598,035        552,923        567,363        469,236
   1,557,054      1,477,377      1,410,545      1,983,602      1,421,868      1,315,960
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      54,622         46,622         21,157         49,513         36,019         31,184
   2,312,830      2,211,059      2,146,349      2,662,933      2,194,020      2,075,880
   1,053,118        991,289      1,048,434      1,027,694        947,183        895,076
          NA             NA             NA             NA             NA             NA
   1,053,118        991,289      1,048,434      1,027,694        947,183        895,076
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      27,238         29,717         36,918         39,404         24,067         26,428
   3,393,186      3,232,065      3,231,701      3,730,031      3,165,270      2,997,384


8/31/1998      5/31/1998      2/28/1998      11/30/1997     8/31/1997      5/31/1997
      21,932          6,317          5,976        382,610          8,211          4,699
     861,361        781,963        765,391      1,000,223        787,180        670,120
       1,392          1,346          1,301          1,086          1,361          1,347
          NA             NA             NA             NA             NA             NA
     129,894         94,642        132,802         91,608        107,725         86,575
          NA          3,425            356          7,581         14,766             NA
          NA             NA             NA             NA             NA             NA
   1,014,579        887,693        905,826      1,483,108        919,243        762,741
          NA             NA             NA             NA             NA             NA
     161,092        166,169        171,544        156,574        166,167        178,403
          NA             NA             NA             NA             NA             NA
     423,344        423,587        424,292        424,695        425,579        428,429
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,599,015      1,477,449      1,501,662      2,064,377      1,510,989      1,369,573
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     61,459         61,126         60,743         60,445         49,326         60,123
    557,147        545,893        530,763        515,633        523,861        510,635
  1,175,565      1,147,597      1,138,533      1,089,576      1,081,094      1,057,053
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  1,794,171      1,754,616      1,730,039      1,665,654      1,654,281      1,627,811
  3,393,186      3,232,065      3,231,701      3,730,031      3,165,270      2,997,384


8/31/1998      5/31/1998      2/28/1998      11/30/1997     8/31/1997      5/31/1997
   2,517,154      2,271,090      2,849,102      2,144,219      2,020,572      1,856,904
   1,945,482      1,766,576      2,177,898      1,662,466      1,548,143      1,438,626
     571,672        504,514        671,204        481,753        472,429        418,278
          NA             NA             NA             NA             NA             NA
     514,613        476,969        578,578        455,641        422,472        391,868
      57,059         27,545         92,626         26,112         49,957         26,410
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       6,314          7,331          8,089          6,857          5,624          6,291
      50,745         20,214         84,537         19,255         44,333         20,119
      19,283          7,681         32,123          7,318         16,847          7,645
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      31,462         12,533         52,414         11,937         27,486         12,474
          NA             NA             NA             NA             NA             NA
      31,462         12,533         52,414         11,937         27,486         12,474
     122,918        122,251        121,486        120,890        120,628        120,246

8/31/1998      5/31/1998      2/28/1998      11/30/1997     8/31/1997      5/31/1997
2/28/1997      11/30/1996     8/31/1996      5/31/1996      2/29/1996      11/30/1995
     202,643         41,310         34,224         51,969         43,704         45,961
          NA             NA             NA             NA             NA             NA
     531,974        437,514        421,789        355,169        324,395        327,547
   1,392,363      1,886,911      1,388,658      1,355,225      1,323,183      1,966,352
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      36,153         49,038         39,493         43,708         44,395         43,735
   2,163,133      2,414,773      1,884,164      1,806,071      1,735,677      2,383,595
     886,091        900,305        828,697        793,501        774,265        747,616
          NA             NA             NA             NA             NA             NA
     886,091        900,305        828,697        793,501        774,265        747,616
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA          2,304
          NA             NA             NA             NA             NA             NA
      31,949         18,452         17,881         16,620         16,080         16,815
   3,081,173      3,333,530      2,730,742      2,616,192      2,526,022      3,150,330


2/28/1997      11/30/1996     8/31/1996      5/31/1996      2/29/1996      11/30/1995
         347        593,188        175,461        111,428         92,087        435,000
     720,754        904,398        714,997        687,359        604,488      1,016,085
       1,490          1,466          1,462          1,449          1,436          1,206
          NA             NA             NA             NA             NA             NA
     105,500         79,551         91,864         89,871        123,789         99,126
       8,560             NA             NA             NA          9,375          7,528
          NA             NA             NA             NA             NA             NA
     836,651      1,578,603        983,784        890,107        831,175      1,558,945
          NA             NA             NA             NA             NA             NA
     199,376        192,432        203,248        213,212        231,765        213,896
          NA             NA             NA             NA             NA             NA
     430,290        430,030        429,501        429,339        399,161        399,619
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,466,317      2,201,065      1,616,533      1,532,658      1,462,101      2,172,460
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     60,019         48,980         48,955         48,895         48,690         48,658
    506,823        100,303         98,433         95,978         90,432         83,554
  1,048,014        983,182        966,821        938,661        924,799        845,658
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  1,614,856      1,132,465      1,114,209      1,083,534      1,063,921        977,870
  3,081,173      3,333,530      2,730,742      2,616,192      2,526,022      3,150,330


2/28/1997      11/30/1996     8/31/1996      5/31/1996      2/29/1996      11/30/1995
   2,417,555      1,863,947      1,767,043      1,615,266      2,253,214      1,783,446
   1,837,912      1,441,088      1,370,715      1,252,996      1,711,696      1,378,312
     579,643        422,859        396,328        362,270        541,518        405,134
          NA             NA             NA             NA             NA             NA
     460,104        381,804        340,871        328,515        401,358        346,264
     119,539         41,055         55,457         33,755        140,160         58,870
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       9,434          9,122          4,557          6,669          8,801          8,582
     110,105         31,933         50,900         27,086        131,359         50,288
      41,844         12,146         19,317         10,303         49,299         18,837
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      68,261         19,787         31,583         16,783         82,060         31,451
          NA             NA             NA             NA             NA             NA
      68,261         19,787         31,583         16,783         82,060         31,451
     120,038         97,960         97,910             NA         97,380             NA

2/28/1997      11/30/1996     8/31/1996      5/31/1996      2/29/1996      11/30/1995
8/31/1995      5/31/1995      2/28/1995      11/30/1994     8/31/1994      5/31/1994
      46,589         66,614         46,962         48,051         47,607         64,316
          NA             NA             NA             NA             NA             NA
     424,924        315,540        264,565        267,529        212,473        173,669
   1,286,685      1,141,290      1,035,776      1,377,058        916,552        826,468
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      46,624         47,984         39,858         21,348         11,927         16,849
   1,804,822      1,571,428      1,387,161      1,713,986      1,188,559      1,081,302
     715,553        662,191        592,956        590,565        518,814        460,352
          NA             NA             NA             NA             NA             NA
     715,553        662,191        592,956        590,565        518,814        460,352
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
         832          2,876          5,947         87,816        107,969        108,534
          NA             NA             NA             NA             NA             NA
      21,127         20,273         17,991         18,706         14,724         13,183
   2,542,334      2,256,768      2,004,055      2,411,073      1,830,066      1,663,371


8/31/1995      5/31/1995      2/28/1995      11/30/1994     8/31/1994      5/31/1994
     260,000         85,000             NA        384,000             NA       128,000
     716,718        639,994        576,578        772,713        596,252       412,773
       2,353          2,358          2,378          1,627          1,733          1,781
          NA             NA             NA             NA             NA             NA
      97,395         94,071        113,631         91,603         83,672         83,713
       9,971         10,125         13,533          4,273         13,719         19,606
          NA             NA             NA             NA             NA             NA
   1,086,437        831,548        706,120      1,254,216        695,376       645,873
          NA             NA             NA             NA             NA             NA
     210,854        222,873        241,866        237,901        242,668       259,180
          NA             NA             NA             NA             NA             NA
     299,652        299,904        178,605        127,683        128,555         28,865
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,596,943      1,354,325      1,126,591      1,619,800      1,066,599       933,918
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     48,577         48,430         48,238         48,195         48,166         48,160
     79,692         75,225         72,639         67,767         66,023         65,662
    817,122        778,788        756,587        675,311        649,278        615,631
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
    945,391        902,443        877,464        791,273        763,467        729,453
  2,542,334      2,256,768      2,004,055      2,411,073      1,830,066      1,663,371


8/31/1995      5/31/1995      2/28/1995      11/30/1994     8/31/1994      5/31/1994
   1,600,805      1,391,658      1,910,235      1,405,445      1,218,572      1,048,695
   1,232,513      1,071,772      1,434,578      1,069,396        908,955        785,018
     368,292        319,886        475,657        336,049        309,617        263,677
          NA             NA             NA             NA             NA             NA
     298,158        276,650        337,395        286,164        250,985        231,826
      70,134         43,236        138,262         49,885         58,632         31,851
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       4,174          3,843          4,357          4,378            942            353
      65,960         39,393        133,905         45,507         57,690         31,498
      24,714         14,775         50,215         17,065         21,635         11,810
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      41,246         24,618         83,690         28,442         36,055         19,688
          NA             NA             NA             NA             NA             NA
      41,246         24,618         83,690         28,442         36,055         19,688
          NA             NA         96,476             NA             NA             NA

8/31/1995      5/31/1995      2/28/1995      11/30/1994     8/31/1994      5/31/1994
2/28/1994
      75,194
          NA
     188,990
     721,348
          NA
          NA
          NA
          NA
      11,476
     997,008
     438,096
          NA
     438,096
          NA
          NA
     105,388
          NA
      14,172
   1,554,664


2/28/1994
          NA
    419,037
       1,819
          NA
      86,826
      38,582
          NA
    546,264
          NA
    268,360
          NA
      29,648
          NA
          NA
    844,272
          NA
          NA
     48,040
     64,485
    597,867
         NA
         NA
    710,392
  1,554,664


2/28/1994
   1,406,736
   1,019,488
     387,248
          NA
     276,227
     111,021
          NA
          NA
       2,497
     108,524
      40,781
          NA
          NA
          NA
      67,743
          NA
      67,743
      96,080

2/28/1994
CIRCUIT CITY STORES INC
ANNUAL FINANCIAL INFORMATION

BALANCE SHEET
    ANNUAL ASSETS (000s)
FISCAL YEAR ENDING              2/28/2003      2/28/2002      2/28/2001
CASH                                 884,670      1,248,246        446,131
MRKTABLE SECURITIES                       NA             NA             NA
RECEIVABLES                          215,125        158,817        585,761
INVENTORIES                        1,409,736      1,234,243      1,757,664
RAW MATERIALS                             NA             NA             NA
WORK IN PROGRESS                          NA             NA             NA
FINISHED GOODS                            NA             NA             NA
NOTES RECEIVABLE                          NA             NA             NA
OTHER CURRENT ASSETS                 593,379      1,011,405         57,623
TOTAL CURRENT ASSETS               3,102,910      3,652,711      2,847,179
PROP, PLANT & EQUIP                  649,593        732,802        988,947
ACCUMULATED DEP                           NA             NA             NA
NET PROP & EQUIP                     649,593        732,802        988,947
INVEST & ADV TO SUBS                      NA             NA             NA
OTHER NON-CUR ASSETS                      NA             NA             NA
DEFERRED CHARGES                      22,362          2,647             NA
INTANGIBLES                               NA             NA             NA
DEPOSITS & OTH ASSET                  24,252        153,873         35,207
TOTAL ASSETS                       3,799,117      4,542,033      3,871,333

    ANNUAL LIABILITIES (000S)
FISCAL YEAR ENDING              2/28/2003      2/28/2002      2/28/2001
NOTES PAYABLE                             NA            397          1,200
ACCOUNTS PAYABLE                     963,701      1,019,519        902,560
CUR LONG TERM DEBT                     1,410         23,465        132,388
CUR PORT CAP LEASES                       NA             NA             NA
ACCRUED EXPENSES                     128,776        157,561        162,972
INCOME TAXES                         186,182        216,993         92,479
OTHER CURRENT LIAB                        NA        223,392             NA
TOTAL CURRENT LIAB                 1,280,069      1,641,327      1,291,599
MORTGAGES                                 NA             NA             NA
DEFERRED CHARGES/INC                      NA             NA        107,114
CONVERTIBLE DEBT                          NA             NA             NA
LONG TERM DEBT                        11,254         14,064        116,137
NON-CUR CAP LEASES                        NA             NA             NA
OTHER LONG TERM LIAB                 166,219        152,204             NA
TOTAL LIABILITIES                  1,457,542      1,807,595      1,514,850
MINORITY INT (LIAB)                       NA             NA             NA
PREFERRED STOCK                           NA             NA             NA
COMMON STOCK NET                               104,977        122,837        116,330
CAPITAL SURPLUS                                849,083        810,047        642,838
RETAINED EARNINGS                            1,387,515      1,801,554      1,597,315
TREASURY STOCK                                      NA             NA             NA
OTHER EQUITIES                                      NA             NA             NA
SHAREHOLDER EQUITY                           2,341,575      2,734,438      2,356,483
TOT LIAB & NET WORTH                         3,799,117      4,542,033      3,871,333

     ANNUAL INCOME (000s)
FISCAL YEAR ENDING                         2/28/2003      2/28/2002      2/28/2001
NET SALES                                     9,953,530      9,518,231    10,329,982
COST OF GOODS                                 7,603,205      7,190,259      7,864,419
GROSS PROFIT                                  2,350,325      2,327,972      2,465,563
R & D EXPENDITURES                                   NA             NA             NA
SELL GEN & ADMIN EXP                          2,344,608      2,226,882      2,349,215
INC BEF DEP & AMORT                               5,717        101,090        116,348
DEPRECIATION & AMORT                                 NA             NA             NA
NON-OPERATING INC                                62,416        106,230         76,800
INTEREST EXPENSE                                  1,093            881          7,273
INCOME BEFORE TAX                                67,040        206,439        185,875
PROV FOR INC TAXES                               25,475         78,446         70,637
MINORITY INT (INC)                                   NA             NA             NA
INVEST GAINS/LOSSES                                  NA             NA             NA
OTHER INCOME                                         NA             NA             NA
NET INC BEF EX ITEMS                             41,565        127,993        115,238
EX ITEMS & DISC OPS                              64,519         90,802         45,564
NET INCOME                                      106,084        218,795        160,802
OUTSTANDING SHARES                              209,955        245,674        207,020

CASH FLOW PROVIDED BY OPERATING
ACTIVITY (000s)
Fiscal Year Ending                         2/28/2003      2/28/2002      2/28/2001
Net Income (Loss)                               106,084        218,795        160,802
Depreciation/Amortization                       178,297         29,413        137,662
Net Incr (Decr) Assets/Liabs                   -499,782        600,554       -117,792
Cash Prov (Used) by Disc Oper                   -64,519       -116,813        -72,689
Other Adjustments, Net                           21,376         41,739         15,266
Net Cash Prov (Used) by Oper                   -258,544        773,688        123,249

CASH FLOW PROVIDED BY INVESTING ACTIVITY
(000s)
Fiscal Year Ending                         2/28/2003      2/28/2002      2/28/2001
(Incr) Decr in Prop, Plant                      -89,919        -84,119       -174,533
(Acq) Disp of Subs, Business                         NA             NA             NA
(Incr) Decr in Securities Inv                        NA             NA             NA
Other Cash Inflow (Outflow)                          NA             NA             NA
Net Cash Prov (Used) by Inv                     -89,919        -84,119       -174,533

CASH FLOW PROVIDED BY FINANCING ACTIVITY
(000s)
Fiscal Year Ending                         2/28/2003      2/28/2002      2/28/2001
Issue (Purchase) of Equity                        9,199       155,508          26,649
Issue (Repayment) of Debt              NA          NA         NA
Incr (Decr) In Borrowing          -25,262     -19,604   -157,642
Dividends, Other Distribution     -14,687     -14,556    -14,346
Other Cash Inflow (Outflow)            NA          NA         NA
Net Cash Prov (Used) by Finan     -30,750     121,348   -145,339
Effect of Exchg Rate On Cash       15,637          NA         NA
Net Change in Cash or Equiv      -363,576     810,917   -196,623
Cash or Equiv at Year Start     1,248,246     437,329    633,952
Cash or Equiv at Year End         884,670   1,248,246    437,329

Capital Expenditures             -150,800    -172,600   -274,700
2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
     643,933        265,880        116,612        202,643         43,704         46,962
          NA             NA             NA             NA             NA             NA
     593,276        574,316        598,035        531,974        324,395        264,565
   1,689,209      1,517,675      1,410,545      1,392,363      1,323,183      1,035,776
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      16,197         36,644         21,157         36,153         44,395         39,858
   2,942,615      2,394,515      2,146,349      2,163,133      1,735,677      1,387,161
     965,181      1,005,773      1,048,434        886,091        774,265        592,956
          NA             NA             NA             NA             NA             NA
     965,181      1,005,773      1,048,434        886,091        774,265        592,956
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA          5,947
          NA             NA             NA             NA             NA             NA
      47,552         44,978         36,918         31,949         16,080         17,991
   3,955,348      3,445,266      3,231,701      3,081,173      2,526,022      2,004,055


2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
       3,005          8,016          5,976            347         92,087             NA
     960,131        799,733        765,391        720,754        604,488        576,578
     177,344          2,707          1,301          1,490          1,436          2,378
          NA             NA             NA             NA             NA             NA
     204,561        143,585        132,802        105,500        123,789        113,631
      61,118          9,764            356          8,560          9,375         13,533
          NA             NA             NA             NA             NA             NA
   1,406,159        963,805        905,826        836,651        831,175        706,120
          NA             NA             NA             NA             NA             NA
     157,774        149,746        171,544        199,376        231,765        241,866
          NA             NA             NA             NA             NA             NA
     249,241        426,585        424,292        430,290        399,161        178,605
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
   1,813,174      1,540,136      1,501,662      1,466,317      1,462,101      1,126,591
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
    114,741         61,968         60,743         60,019         48,690         48,238
    576,574        575,686        530,763        506,823         90,432         72,639
  1,450,859      1,267,476      1,138,533      1,048,014        924,799        756,587
         NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
  2,142,174      1,905,130      1,730,039      1,614,856      1,063,921        877,464
  3,955,348      3,445,266      3,231,701      3,081,173      2,526,022      2,004,055


2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
 12,614,390     10,810,468       8,870,797      7,663,811      7,029,123      5,582,947
   9,751,833      8,354,230      6,827,133      5,902,711      5,394,293      4,197,947
   2,862,557      2,456,238      2,043,664      1,761,100      1,634,830      1,385,000
          NA             NA             NA             NA             NA             NA
   2,309,593      2,086,838      1,815,275      1,511,294      1,322,430      1,106,370
     552,964        369,400        228,389        249,806        312,400        278,630
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      24,206         28,319         26,861         29,782         25,400         10,030
     528,758        341,081        201,528        220,024        287,000        268,600
     200,928        129,611         76,581         83,610        107,625        100,725
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
     327,830        211,470        124,947        136,414        179,375        167,875
    -130,240        -68,546        -20,636             NA             NA             NA
     197,590        142,924        104,311        136,414        179,375        167,875
     203,868        123,936        121,486        120,038         97,380         96,476



2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
    197,590        142,924        104,311         136,414        179,375        167,875
    160,260        129,727        114,860          98,977         79,812         66,866
    107,121         -42,491        -40,745       -240,586       -342,518       -263,705
      40,047         68,546        -25,182             NA             NA             NA
      43,070         20,322         29,145         19,433         28,011         75,944
    548,088        319,028        182,389          14,238        -55,320         46,980



2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
    -122,117        -78,737       -278,734       -209,263       -266,721       -223,925
     -34,849        -41,562             NA             NA             NA             NA
         NA              NA             NA             NA             NA             NA
         NA              NA             NA             NA             NA             NA
    -156,966       -120,299       -278,734       -209,263       -266,721       -223,925



2/29/2000      2/28/1999      2/28/1998      2/28/1997      2/29/1996      2/28/1995
       8,856         36,625         24,664       460,339          18,245          8,352
     NA         NA      5,629   -91,740   314,087        NA
 -7,718     -2,261     -6,187    -1,436    -2,386   149,516
-14,207    -13,981    -13,792   -13,199   -11,163    -9,155
     NA    -69,844         NA        NA        NA        NA
-13,069    -49,461     10,314   353,964   318,783   148,713
     NA         NA         NA        NA        NA        NA
378,053    149,268    -86,031   158,939    -3,258   -28,232
265,880    116,612    202,643    43,704    46,962    75,194
643,933    265,880    116,612   202,643    43,704    46,962

-176,900   -214,100
2/28/1994
      75,194
          NA
     188,990
     721,348
          NA
          NA
          NA
          NA
      11,476
     997,008
     438,096
          NA
     438,096
          NA
          NA
     105,388
          NA
      14,172
   1,554,664


2/28/1994
          NA
    419,037
       1,819
          NA
      86,826
      38,582
          NA
    546,264
          NA
    268,360
          NA
      29,648
          NA
          NA
    844,272
          NA
          NA
     48,040
     64,485
    597,867
         NA
         NA
    710,392
  1,554,664


2/28/1994
   4,130,415
   3,024,759
   1,105,656
          NA
     891,865
     213,791
          NA
          NA
       4,791
     209,000
      76,600
          NA
          NA
          NA
     132,400
          NA
     132,400
      96,080



2/28/1994
    132,400
      55,012
     -63,241
          NA
     -15,890
    108,281



2/28/1994
    -124,227
         NA
         NA
         NA
    -124,227



2/28/1994
      10,150
     NA
-52,748
 -7,674
     NA
-50,272
     NA
-66,218
141,412
 75,194
TWEETER HOME ENTERTAINMENT GROUP INC
QUARTERLY FINANCIAL INFORMATION

BALANCE SHEET
    QUARTERLY ASSETS (000s)
FISCAL QUARTER ENDING                  12/31/2003     9/30/2003      6/30/2003
CASH                                          2,871          1,850          5,483
MRKTABLE SECURITIES                              NA             NA             NA
RECEIVABLES                                  26,111         18,264         18,553
INVENTORIES                                 145,840       117,570        132,507
RAW MATERIALS                                    NA             NA             NA
WORK IN PROGRESS                                 NA             NA             NA
FINISHED GOODS                                   NA             NA             NA
NOTES RECEIVABLE                                 NA             NA             NA
OTHER CURRENT ASSETS                         21,561         32,869         21,108
TOTAL CURRENT ASSETS                        196,383       170,553        177,652
PROP, PLANT & EQUIP                         125,131       126,221        133,461
ACCUMULATED DEP                                  NA             NA             NA
NET PROP & EQUIP                            125,131       126,221        133,461
INVEST & ADV TO SUBS                          2,256          2,113          1,862
OTHER NON-CUR ASSETS                             NA             NA             NA
DEFERRED CHARGES                              4,148          5,218          8,662
INTANGIBLES                                   1,757          1,927          2,097
DEPOSITS & OTH ASSET                          2,809          2,405          2,526
TOTAL ASSETS                                332,483       308,436        326,260

    QUARTERLY LIABILITIES (000S)
FISCAL QUARTER ENDING                  12/31/2003     9/30/2003      6/30/2003
NOTES PAYABLE                                    NA             NA         17,677
ACCOUNTS PAYABLE                             24,660         32,494         28,594
CUR LONG TERM DEBT                           27,702          7,365            201
CUR PORT CAP LEASES                              NA             NA             NA
ACCRUED EXPENSES                             27,236         22,736         25,015
INCOME TAXES                                     NA             NA             NA
OTHER CURRENT LIAB                           23,005         21,384         18,918
TOTAL CURRENT LIAB                          102,603         83,978         90,404
MORTGAGES                                        NA             NA             NA
DEFERRED CHARGES/INC                             69             98             81
CONVERTIBLE DEBT                                 NA             NA             NA
LONG TERM DEBT                               47,911         48,267         50,033
NON-CUR CAP LEASES                               NA             NA             NA
OTHER LONG TERM LIAB                         11,082         11,056         11,051
TOTAL LIABILITIES                           161,665       143,400        151,569
MINORITY INT (LIAB)                              NA             NA             NA
PREFERRED STOCK                         NA             NA             NA
COMMON STOCK NET                       258            257            257
CAPITAL SURPLUS                    295,476        294,969        294,420
RETAINED EARNINGS                 -122,860       -128,376       -117,686
TREASURY STOCK                       1,791          1,799          1,811
OTHER EQUITIES                        -266            -16           -488
SHAREHOLDER EQUITY                 170,818        165,037        174,691
TOT LIAB & NET WORTH               332,483        308,436        326,260

     QUARTERLY INCOME (000s)
FISCAL QUARTER ENDING          12/31/2003     9/30/2003      6/30/2003
NET SALES                           255,240       184,901        170,472
COST OF GOODS                       158,470       129,827        107,116
GROSS PROFIT                         96,770         55,074         63,356
R & D EXPENDITURES                       NA             NA             NA
SELL GEN & ADMIN EXP                 87,931         70,999         69,626
INC BEF DEP & AMORT                   8,839        -15,925         -6,270
DEPRECIATION & AMORT                    170            170            170
NON-OPERATING INC                       498          1,595              1
INTEREST EXPENSE                        655          2,013            435
INCOME BEFORE TAX                     8,512        -16,512         -6,874
PROV FOR INC TAXES                    3,405         -6,230         -2,749
MINORITY INT (INC)                       NA             NA             NA
INVEST GAINS/LOSSES                      NA             NA             NA
OTHER INCOME                             NA             NA             NA
NET INC BEF EX ITEMS                  5,107        -10,281         -4,124
EX ITEMS & DISC OPS                      NA             NA             NA
NET INCOME                            5,107        -10,281         -4,124
OUTSTANDING SHARES                   24,083         23,930         23,910
3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
       1,748          1,503          2,283          2,666          3,012         11,416
          NA             NA             NA             NA             NA             NA
      23,487         25,325         23,116         28,751         33,573         44,131
    143,911         162,152       143,234        135,376        155,216         143,057
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      19,027         19,273         21,029          7,973          8,307          8,147
    188,173         208,253       189,661        174,765        200,109         206,751
    140,714         139,329       134,311        139,738        130,798         122,515
          NA             NA             NA             NA             NA             NA
    140,714         139,329       134,311        139,738        130,798         122,515
       1,103          1,104          1,103          2,986          3,545          4,271
          NA             NA             NA             NA             NA             NA
       7,614          7,536          7,273             NA             NA             NA
       2,267          2,437          2,607       197,979        198,259         194,556
       1,726          1,686            923          1,307          1,995            354
    341,597         360,344       335,878        516,775        534,707         528,447


3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
      11,265          6,159          4,521          6,153         31,822         15,192
      32,557         75,830         51,550         35,536         25,735         40,218
         240            226            289            273            289            305
          NA             NA             NA             NA             NA             NA
      24,593         34,462         27,450         36,420         37,384         51,935
          NA             NA             NA             NA             NA             NA
      16,734         17,821         16,561         16,203         16,245         18,550
      85,389        134,498       100,370          94,586       111,476         126,201
          NA             NA             NA             NA             NA             NA
         210            342            485            683            873          1,149
          NA             NA             NA             NA             NA             NA
      67,882         35,159         50,074         59,807         61,407         45,007
          NA             NA             NA             NA             NA             NA
      10,488         10,374         10,339          9,456          9,368          9,317
    163,968         180,372       161,267        164,532        183,124         181,674
          NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
        254            254            254            253            253            251
    292,707        292,607        292,465        288,773        288,217        285,999
   -113,562       -111,101       -116,305         65,022         64,919         62,327
      1,820          1,838          1,852          1,867          1,872          1,876
         49             50             49             62             67             72
    177,629        179,972        174,611        352,243        351,583        346,773
    341,597        360,344        335,878        516,775        534,707        528,447


3/31/2003      12/31/2002     9/30/2002      6/30/2002      3/31/2002      12/31/2001
    181,971         249,650        183,010       175,327        185,822         251,913
    117,296         162,634        117,918       111,869        119,460         160,011
      64,674         87,016         65,092         63,458         66,362         91,902
          NA             NA             NA             NA             NA             NA
      67,768         77,785         63,146         62,386         61,072         68,495
      -3,094          9,231          1,946          1,071          5,290         23,408
         170            170            389            393            416            375
        -834             NA       -196,199           -506           -551             72
          NA            387           -599             NA             NA            599
      -4,098          8,674       -194,043            172          4,324         22,505
      -1,637          3,470        -12,716             69          1,732          9,002
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      -2,461          5,204       -181,327            103          2,592         13,503
          NA             NA             NA             NA             NA             NA
      -2,461          5,204       -181,327            103          2,592         13,503
      23,624         23,594         23,560         22,867         23,426         23,226
9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
       3,278         26,518         26,283         38,687         34,293         43,399
          NA             NA             NA             NA             NA             NA
      31,251         22,973         16,635         28,487         14,663         13,321
    129,173          81,567         81,532         96,996         85,967         74,476
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       7,523          6,522          4,934          4,259          4,003          2,386
    171,225        137,580        129,384         168,428       138,926        133,582
    109,142          76,696         61,446         56,209         51,938         45,772
          NA             NA             NA             NA             NA             NA
    109,142          76,696         61,446         56,209         51,938         45,772
       4,592         13,636          8,222          4,748          4,868          4,899
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
    194,931          51,501         41,255         40,744         38,043         38,111
         537            522            728            934          1,263            123
    480,428        279,935        241,035         271,062       235,038        222,486


9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
       8,465          5,435          4,878          9,750          8,866          6,070
      38,558         30,995         10,285         22,480         21,500         12,359
         322             69             67             65             63             33
          NA             NA             NA             NA             NA             NA
      38,887         29,106         22,081         37,985         19,509         26,910
          NA             NA             NA             NA             NA             NA
      14,532          7,505          6,913          9,172          5,448          4,060
    100,764          73,110         44,223         79,452         55,386         49,431
          NA             NA             NA             NA             NA             NA
       1,246          3,854          2,173          2,171          1,197          1,100
          NA             NA             NA             NA             NA             NA
      36,699              3              3              2             14             92
          NA             NA             NA             NA             NA             NA
       9,327          4,066          4,118          3,675          3,490          3,555
    148,036          81,034         50,518         85,300         60,087         54,178
          NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
        247            206            205            204            203            200
    285,133        149,009        146,559        146,018        144,538        141,320
     48,824         47,976         45,510         41,727         31,929         28,397
      1,878          1,884          1,890          1,890          1,895          1,897
         66          3,593            132           -298            176            287
    332,392        198,901        190,517        185,761        174,951        168,307
    480,428        279,935        241,035        271,062        235,038        222,486


9/30/2001      6/30/2001      3/31/2001      12/31/2000     9/30/2000      6/30/2000
    150,283        110,038        117,833         161,968         97,160         95,264
      95,726         70,017         74,027        103,515         61,303         60,724
      54,558         40,021         43,805         58,453         35,857         34,540
          NA             NA             NA             NA             NA             NA
      50,893         35,724         37,605         42,450         31,249         30,745
       3,665          4,296          6,200         16,003          4,608          3,795
         899            521            480            480            419            434
      -1,032            341            579            485          1,298            169
         322             NA             NA           -322           -400             54
       1,412          4,116          6,299         16,330          5,887          3,476
         565          1,651          2,516          6,532          2,355          1,390
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
         847          2,466          3,784          9,798          3,532          2,085
          NA             NA             NA             NA             NA             NA
         847          2,466          3,784          9,798          3,532          2,085
      22,867         18,778         18,372         18,372         18,372         18,138
3/31/2000      12/31/1999     9/30/1999      6/30/1999      3/31/1999      12/31/1998
      45,264          3,728            999          8,382         14,616          3,913
          NA             NA             NA             NA             NA             NA
      13,992         18,598          9,557          7,590          8,205         11,569
      72,437         67,892         62,136         46,779         44,439         43,886
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       2,260          2,476          2,578          2,044          1,934          2,018
    133,953          92,694         75,270         64,795         69,193         61,386
      39,444         37,101         34,243         31,501         29,760         26,771
          NA             NA             NA             NA             NA             NA
      39,444         37,101         34,243         31,501         29,760         26,771
       5,379          5,385          1,846             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      30,470         29,928         30,068         23,789         23,714         19,905
         124            124            192             68             33             73
    209,371         165,232       141,619        120,151        122,700         108,135


3/31/2000      12/31/1999     9/30/1999      6/30/1999      3/31/1999      12/31/1998
       6,453          8,232          6,023          3,858          5,479          6,402
      14,058         19,582         18,377          8,351          8,372         16,996
          33             33             36             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      20,492         32,133         16,197         17,053         17,792         19,730
          NA             NA             NA             NA             NA             NA
       4,207          4,130          3,113          2,149          3,011          3,502
      45,244         64,111         43,746         31,411         34,654         46,630
          NA             NA             NA             NA             NA             NA
       1,419          1,568          1,434          1,732          2,006          2,239
          NA             NA             NA             NA             NA             NA
          24             28          5,717             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       3,443          3,359          3,477          3,255          3,174          3,098
      50,130         69,065         54,374         36,397         39,833         51,967
          NA             NA             NA             NA             NA             NA
         NA             NA             NA             NA             NA             NA
        194            172             86             85             85             75
    134,023         73,541         73,288         72,213         72,270         46,841
     26,311         23,605         15,785         13,373         12,405         10,965
      1,900          1,906          1,913          1,917          1,892          1,713
        612            755             NA             NA             NA             NA
    159,241         96,167         87,245         83,754         82,867         56,168
    209,371        165,232        141,619        120,151        122,700        108,135


3/31/2000      12/31/1999     9/30/1999      6/30/1999      3/31/1999      12/31/1998
      87,492        124,814         74,613         59,653         62,236         86,784
      55,257         79,165         47,530         38,085         39,899         57,233
      32,235         45,648         27,084         21,568         22,337         29,551
          NA             NA             NA             NA             NA             NA
      27,390         31,629         23,165         19,697         19,645         21,539
       4,845         14,019          3,918          1,871          2,692          8,011
         338            332            370            215            255            215
          91            107             NA             NA             NA             NA
          88            258             32             41             37            200
       4,511         13,537          3,516          1,614          2,400          7,596
       1,804          5,415          1,406            646            960          3,038
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
       2,706          8,122          2,110            969          1,440          4,557
          NA             NA             NA             NA             NA             NA
       2,706          8,122          2,110            969          1,440          4,557
      17,523         15,329         15,224          7,550          7,480          6,293
6/30/1998      12/31/1997    6/30/1997
       1,272            NA            NA
          NA            NA            NA
       6,211            NA            NA
      36,392            NA            NA
          NA            NA            NA
          NA            NA            NA
          NA            NA            NA
          NA            NA            NA
       1,563            NA            NA
      45,438            NA            NA
      22,442            NA            NA
          NA            NA            NA
      22,442            NA            NA
          NA            NA            NA
          NA            NA            NA
         109            NA            NA
      20,098            NA            NA
       1,308            NA            NA
      89,395            NA            NA


6/30/1998      12/31/1997    6/30/1997
       3,480            NA            NA
       7,928            NA            NA
         400            NA            NA
          NA            NA            NA
      13,614            NA            NA
          NA            NA            NA
       2,629            NA            NA
      28,050            NA            NA
          NA            NA            NA
       1,311            NA            NA
          NA            NA            NA
      37,575            NA            NA
          NA            NA            NA
       3,019            NA            NA
      69,956            NA            NA
          NA            NA            NA
     22,966             NA             NA
         28             NA             NA
     -2,732             NA             NA
        759             NA             NA
      1,550             NA             NA
        -32             NA             NA
     19,439             NA             NA
     89,395             NA             NA


6/30/1998      12/31/1997     6/30/1997
      49,676         74,617         28,211
      32,256         49,237         18,552
      17,419         25,381          9,659
          NA             NA             NA
      16,113         19,007         10,229
       1,306          6,374           -570
         221            221            122
          NA             NA             NA
         745            865            473
         340          5,288         -1,165
         136          2,115           -467
          NA             NA             NA
          NA             NA             NA
          NA             NA             NA
         204          3,173           -698
          NA             NA             NA
         204          3,173           -698
       1,056             NA             NA
TWEETER HOME ENTERTAINMENT GROUP INC
ANNUAL FINANCIAL INFORMATION

BALANCE SHEET
    ANNUAL ASSETS (000s)
FISCAL YEAR ENDING                     9/30/2003      9/30/2002      9/30/2001
CASH                                          1,850          2,283          3,278
MRKTABLE SECURITIES                              NA             NA             NA
RECEIVABLES                                  18,264         23,116         31,251
INVENTORIES                                117,570        143,234        129,173
RAW MATERIALS                                    NA             NA             NA
WORK IN PROGRESS                                 NA             NA             NA
FINISHED GOODS                                   NA             NA             NA
NOTES RECEIVABLE                                 NA             NA             NA
OTHER CURRENT ASSETS                         32,869         21,029         15,545
TOTAL CURRENT ASSETS                       170,553        189,661        179,247
PROP, PLANT & EQUIP                        126,221        134,311        109,142
ACCUMULATED DEP                                  NA             NA             NA
NET PROP & EQUIP                           126,221        134,311        109,142
INVEST & ADV TO SUBS                          2,113          1,103          4,592
OTHER NON-CUR ASSETS                             NA             NA             NA
DEFERRED CHARGES                              5,218          7,273             NA
INTANGIBLES                                   1,927          2,607       194,152
DEPOSITS & OTH ASSET                          2,405            923            537
TOTAL ASSETS                               308,436        335,878        487,669

    ANNUAL LIABILITIES (000S)
FISCAL YEAR ENDING                     9/30/2003      9/30/2002      9/30/2001
NOTES PAYABLE                                    NA             NA          8,465
ACCOUNTS PAYABLE                             32,494         51,550         50,650
CUR LONG TERM DEBT                            7,365          4,809            306
CUR PORT CAP LEASES                              NA             NA             NA
ACCRUED EXPENSES                             22,736         27,450         34,817
INCOME TAXES                                     NA             NA             NA
OTHER CURRENT LIAB                           21,384         16,561         14,532
TOTAL CURRENT LIAB                           83,978       100,370        108,769
MORTGAGES                                        NA             NA             NA
DEFERRED CHARGES/INC                             98            485          1,246
CONVERTIBLE DEBT                                 NA             NA             NA
LONG TERM DEBT                               48,267         50,074         35,936
NON-CUR CAP LEASES                               NA             NA             NA
OTHER LONG TERM LIAB                         11,056         10,339          9,327
TOTAL LIABILITIES                          143,400        161,267        155,278
MINORITY INT (LIAB)                              NA             NA             NA
PREFERRED STOCK                                     NA             NA             NA
COMMON STOCK NET                                   257            254            247
CAPITAL SURPLUS                                294,969        292,465        285,133
RETAINED EARNINGS                             -128,376       -116,305         48,824
TREASURY STOCK                                   1,799          1,852          1,878
OTHER EQUITIES                                     -16             49             66
SHAREHOLDER EQUITY                             165,037        174,611        332,392
TOT LIAB & NET WORTH                           308,436        335,878        487,669

     ANNUAL INCOME (000s)
FISCAL YEAR ENDING                         9/30/2003      9/30/2002      9/30/2001
NET SALES                                      786,994         796,072       540,123
COST OF GOODS                                  516,874         509,258       347,942
GROSS PROFIT                                   270,120         286,814       192,181
R & D EXPENDITURES                                   NA             NA             NA
SELL GEN & ADMIN EXP                           286,178         255,099       162,016
INC BEF DEP & AMORT                             -16,058         31,715         30,165
DEPRECIATION & AMORT                                680          1,573          2,380
NON-OPERATING INC                                   762       -194,901            750
INTEREST EXPENSE                                  2,834          2,282            377
INCOME BEFORE TAX                               -18,810       -167,042         28,158
PROV FOR INC TAXES                               -7,148         -1,913         11,263
MINORITY INT (INC)                                   NA             NA             NA
INVEST GAINS/LOSSES                                  NA             NA             NA
OTHER INCOME                                         NA             NA             NA
NET INC BEF EX ITEMS                            -11,662       -165,129         16,895
EX ITEMS & DISC OPS                                  NA             NA             NA
NET INCOME                                      -11,662       -165,129         16,895
OUTSTANDING SHARES                               23,930         23,560         22,867

CASH FLOW PROVIDED BY OPERATING
ACTIVITY (000s)
Fiscal Year Ending                         9/30/2003      9/30/2002      9/30/2001
Net Income (Loss)                               -11,662       -165,129         16,895
Depreciation/Amortization                        21,747         18,063         11,376
Net Incr (Decr) Assets/Liabs                     -2,886        -16,812         -2,196
Cash Prov (Used) by Disc Oper                        NA             NA             NA
Other Adjustments, Net                            3,108        191,601          8,482
Net Cash Prov (Used) by Oper                     10,307         27,723         34,556

CASH FLOW PROVIDED BY INVESTING ACTIVITY
(000s)
Fiscal Year Ending                         9/30/2003      9/30/2002      9/30/2001
(Incr) Decr in Prop, Plant                      -24,879        -54,486        -50,402
(Acq) Disp of Subs, Business                         NA         -4,813        -24,767
(Incr) Decr in Securities Inv                        25          3,232            600
Other Cash Inflow (Outflow)                      12,551         13,827             NA
Net Cash Prov (Used) by Inv                     -12,303        -42,240        -74,569

CASH FLOW PROVIDED BY FINANCING ACTIVITY
(000s)
Fiscal Year Ending                         9/30/2003      9/30/2002      9/30/2001
Issue (Purchase) of Equity         815     3,345      1,491
Issue (Repayment) of Debt           NA        NA         NA
Incr (Decr) In Borrowing           749    10,176      7,507
Dividends, Other Distribution       NA        NA         NA
Other Cash Inflow (Outflow)         NA        NA         NA
Net Cash Prov (Used) by Finan    1,564    13,522      8,998
Effect of Exchg Rate On Cash        NA        NA         NA
Net Change in Cash or Equiv       -432      -995    -31,015
Cash or Equiv at Year Start      2,283     3,278     34,293
Cash or Equiv at Year End        1,850     2,283      3,278

Capital Expenditures            -24,879   -54,486   -50,402
9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
      34,293            999            777          1,157            439            NA
          NA             NA             NA             NA             NA            NA
      14,663          9,557          6,208          5,473          2,792            NA
      85,967         62,136         38,362         31,160         15,352            NA
          NA             NA             NA             NA             NA            NA
          NA             NA             NA             NA             NA            NA
          NA             NA             NA             NA             NA            NA
          NA             NA             NA             NA             NA            NA
       4,003          2,578          2,189          2,043            905            NA
    138,926          75,270         47,536         39,833         19,488            NA
      51,938         34,243         23,978         17,968         13,490            NA
          NA             NA             NA             NA             NA            NA
      51,938         34,243         23,978         17,968         13,490            NA
       4,868          1,846             NA             NA             NA            NA
          NA             NA             NA             NA            754            NA
          NA             NA             NA             59             NA            NA
      38,043         30,068         20,093         20,496          4,886            NA
       1,263            192             36            332             NA            NA
    235,038        141,619          91,643         78,688         38,619            NA


9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
       8,866          6,023          4,071          4,949          1,881            NA
      21,500         18,377         10,663         11,457         11,252            NA
          63             36             NA            400             NA            NA
          NA             NA             NA             NA             NA            NA
      19,509         16,197         12,007          8,393          3,139            NA
          NA             NA             NA             NA             NA            NA
       5,448          3,113          2,532          2,765          1,320            NA
      55,386         43,746         29,273         27,963         17,592            NA
          NA             NA             NA             NA             NA            NA
       1,197          1,434          2,490          2,176          9,700            NA
          NA             NA             NA             NA          1,000            NA
          14          5,717          5,250         30,888             NA            NA
          NA             NA             NA             NA             NA            NA
       3,490          3,477          3,020          2,740          2,715            NA
      60,087         54,374         40,033         63,766         31,006            NA
          NA             NA             NA             NA             NA            NA
         NA             NA             NA         20,591         11,597             NA
        203            171             75             28             28             NA
    144,538         73,202         46,841         -2,732         -3,058             NA
     31,929         15,483          6,701         -1,382            628             NA
      1,895          1,913          2,007          1,550          1,550             NA
        176            302             NA            -32            -32             NA
    174,951         87,245         51,610         14,922          7,613             NA
    235,038        141,619         91,643         78,688         38,619             NA


9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
    399,926        283,084        232,273        132,525          80,607         60,121
    251,645        182,748        151,265          86,315         51,816         39,167
    148,281        100,336          81,007         46,210         28,791         20,954
          NA             NA             NA             NA             NA             NA
    121,014          84,047         68,034         43,670         26,709         18,651
      27,267         16,289         12,973          2,540          2,082          2,303
       1,522          1,056            917            487            129             65
       1,665             NA             NA             NA             NA             NA
          NA            106          2,737          1,808            617            629
      27,410         15,126          9,319            245          1,336          1,609
      10,964          6,050          3,724             99           -453           -173
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
          NA             NA             NA             NA             NA             NA
      16,446          9,076          5,595            146          1,789          1,783
          NA             NA           -340             NA             NA             NA
      16,446          9,076          5,255            146          1,789          1,783
      18,372         15,224         12,165          2,113          2,755          2,755



9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
      16,446          9,076          5,255            146          1,789          1,783
       7,357          5,215          3,920          2,798          1,383            950
     -22,543         -8,986         -6,477         -9,278         -1,490           -543
          NA             NA            566             19             NA             NA
         484           -868          1,164             71         -1,177           -110
       1,744          4,437          4,429         -6,243            505          2,080



9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
     -20,933        -12,661         -8,983         -3,972         -2,866         -2,601
      -2,499        -18,087            NA         -19,540         -8,368            NA
      -2,761         -1,344            NA              NA             NA            NA
         NA              NA            NA              NA             NA            NA
     -26,194        -32,092         -8,983        -23,512        -11,234         -2,601



9/30/2000      9/30/1999      9/30/1998      9/30/1997      9/30/1996      9/30/1995
63,371    25,458     31,402    6,837    9,011      NA
    NA        NA         NA       NA       NA      NA
-5,629     2,420    -27,227   23,636    2,385     883
    NA        NA         NA       NA       NA      NA
    NA        NA         NA       NA     -730    -119
57,743    27,878      4,174   30,473   10,666     765
    NA        NA         NA       NA       NA      NA
33,293       223       -380      718      -64     243
   999       777      1,157      439      502     259
34,293       999        777    1,157      439     502

-20,933   -12,661    -8,983   -3,972   -2,866   -2,601
SP500 Specialty Retail (in millions of dollars)
INCOME STATEMENT               2002      2001      2000      1999      1998
SALES                          272.595   252.714   233.993   210.384   173.026
COST OF GOODS SOLD             183.125   172.606   159.628   143.678   118.589
SGA                             61.562    56.629    51.978    45.284    38.236
EBITDA                          27.908    23.478    22.387    20.696      16.2
DEPRECIATION                     5.976     5.633     4.699     3.904      3.64
OPERATING INCOME (EBIT)         21.932    17.845    17.688    17.518    12.561
INTEREST EXPENSE                  1.36     1.276     1.162     0.954     0.912
OTHER INCOME (NON-OPERATING)     0.525     0.552     0.527      0.39      0.19
INCOME TAXES                      7.92     6.461     6.395     6.434     4.377
INCOME BEFORE EXTRAORD ITEMS    13.058     9.812     9.726    10.293     9.189
NET INCOME                      12.213     9.759     9.726    10.111     8.968

BALANCE SHEET                  2002      2001      2000      1999      1998
CASH & EQUIVALENTS              21.614      15.6     5.621     6.775     5.402
RECEIVABLES                      6.286     5.668     5.881     5.227     3.926
INVENTORIES                     39.858    35.586    36.121    31.594    27.092
TOTAL CURRENT ASSETS            71.532    60.081    50.692    46.195    38.896
NET PP&E                        63.869    58.346    51.906    44.015    39.469
TOTAL ASSETS                   148.501   127.928   111.414    99.151    87.823
DEBT IN CURRENT LIABILITIES      1.901     1.403     3.559     2.259     1.923
ACCOUNTS PAYABLE                23.466    20.573    17.701    17.656    13.446
TOTAL CURRENT LIABILITIES       44.108     38.58    34.829    31.769    26.313
LONG TERM DEBT                  21.126    18.114    14.618    11.844    12.703
PREFERRED STOCK                      0      0.08     0.076     0.099      0.63
COMMON STOCK                     2.605     2.183     1.941     2.036        1.9
RETAINED EARNINGS               66.541    54.589    48.656    47.538    41.939

CASH FLOW                      2002      2001      2000      1999      1998
CAPITAL EXPENDITURES            11.374    13.311    14.982    11.569     9.807
Bond Spreads (in basis points over applicable Treasury instrument)
As of March 26, 2004

             1 Year     2 Year     3 Year     5 Year    7 Year  10 Year  30 Year
Aaa/AAA             5        10         15         22        28       31       50
Aa1/AA+            10        15         20         32        38       41       58
Aa2/AA             15        25         30         37        45       51       65
Aa3/AA-            20        30         35         45        55       61       70
A1/A+              30        40         45         60        65       71       85
A2/A               40        50         57         67        75       85       90
A3/A-              50        65         70         80        90      100      120
Baa1/BBB+          70        85         95        110       120      130      140
Baa2/BBB           90       105        112        125       135      145      165
Baa3/BBB-         105       115        120        130       145      155      190
Ba1/BB+           350       350        325        300       300      250      300
Ba2/BB            375       450        475        425       375      350      325
Ba3/BB-           400       500        525        450       400      375      450
B1/B+             550       575        650        525       475      425      500
B2/B              550       600        650        550       500      500      775
B3/B-             750       850        825        800       775      825      875
Caa/CCC          1600      1700       1650       1500      1400     1475     1600

Source:     http://bondchannel.bridge.com/EJVspreads.html
Treasury Rates (March 26, 2004)

                                      Current   Current
Bills         Coupon(%) Mat Date       Price    Yield(%)
3 month          N.A.   6/24/2004       0.92      0.94
6 month          N.A.   9/23/2004       0.97      0.98

Notes/Bonds
2 year            1.5     3/31/2006    99-27      1.56
5 year           2.625    3/15/2009    99-08      2.79
10 year            4      2/15/2014    101-12     3.83
30 year          5.375    2/15/2031    109-08     4.77

Source: http://www.bloomberg.com
 NOTE 17 - COMMITMENTS AND CONTINGENT LIABILITIES

 Lease Commitments: We lease rather than own most of our facilities. Our retail stores comprise the largest portion
 of our leased facilities. These stores are located primarily in major shopping malls and shopping centers owned
 by other companies. Some leases are based on a minimum rental plus a percentage of the store's sales in excess
 of a stipulated base figure. We also lease distribution centers and office space. Future minimum rent
 commitments at December 31, 2003, under long-term noncancelable operating leases (net of immaterial
 amounts of sublease rent income) are included in the following table.



In Thousands

       2001                226300
       2002                240900
       2003                245700
       2004                183700
       2005                161500
       2006                118200
       2007                 82500
       2008                 54500
 2009 and thereafter        95000

 Future minimum rent commitments in the table above exclude future rent obligations associated with
 stores closed under the 1996 restructuring plan. Estimated payments to settle future rent obligations
 associated with these stores have been accrued in the restructuring reserve (see Note 10).

 NOTE 10 - BUSINESS RESTRUCTURINGS
 In 1996 and 1997, we initiated certain restructuring programs in which a number of our former McDuff, Computer
 City and Incredible Universe retail stores were closed. We still have certain real estate obligations related to
 some of these stores and, at December 31, 2003, the balance in the restructuring reserve was
 $17.0 million, consisting of the remaining estimated real estate obligations to be paid. An additional provision of
 $6.5 million was added during 2003, while costs of $5.8 million were charged against this reserve during the
 corresponding period. In the accompanying 2003 Consolidated Balance Sheet, the balance in the
 restructuring reserve is classified in other current liabilities. This reserve represents the revised expected costs
 for these real estate lease obligations. If these facilities' sublease income declines in their respective markets or if
 it takes longer than expected to sublease or dispose of these facilities, the actual losses could exceed this
 reserve estimate. Costs will continue to be incurred over the remaining terms of the related leases, the longest of
 which is 16 years.

 In 2001, we initiated an additional restructuring program related primarily to a general reduction of our corporate
 management and administrative labor force, mainly for early retirement and involuntary and voluntary employee
 severance, closure of our national commercial installation business, and closure of 35
 underperforming RadioShack stores. During the first quarter of 2002, we completed a significant portion of
 the remaining restructuring program, utilizing the reserves established in 2001. As of December 31, 2002,
 $3.8 million of the remaining restructuring reserve was classified in accrued
 expenses and the remaining balance of $2.8 million was classified in other non-current liabilities in the
 accompanying 2002 Consolidated Balance Sheet, to be used principally for the remaining cash commitments
 associated with the long-term compensation and lease commitment obligations.
mprise the largest portion
 hopping centers owned
 he store's sales in excess
 nimum rent
es (net of immaterial




s associated with
nt obligations



rmer McDuff, Computer
bligations related to

 additional provision of
 reserve during the

evised expected costs
 r respective markets or if
s could exceed this
ted leases, the longest of


uction of our corporate
and voluntary employee

 a significant portion of
 December 31, 2002,

t liabilities in the
g cash commitments
DATE       SP500          BBY        CC        RSH       TWTR

19990331     0.03879     0.12129    0.41309    0.14899   -0.14851
19990430     0.03794    -0.08413   -0.19739    0.14006    -0.0814
19990528    -0.02497    -0.04462    0.16768    0.13402   -0.04641
19990630     0.05444     0.48352    0.29553    0.18606    0.38938
19990730    -0.03205     0.10556    0.01613    0.04987   -0.15127
19990831    -0.00625    -0.05695   -0.08995   -0.07917    0.00938
19990930    -0.02855    -0.11901   -0.01849    0.09497    0.11152
19991029     0.06254    -0.10081    0.00741    0.21886    0.14381
19991130     0.01906     0.12108    0.14118    0.21627    0.17105
19991231     0.05784      -0.196   -0.07052   -0.35736    0.41823
20000131     -0.0509    -0.04975   -0.14563   -0.00635    -0.1919
20000229    -0.02011     0.14398    0.05032   -0.22251    0.06754
20000331     0.09672     0.57437    0.50584    0.33697     0.4449
20000428     -0.0308    -0.06105   -0.03388    0.12315   -0.16667
20000531    -0.02192    -0.20743   -0.17109   -0.25219   -0.21017
20000630     0.02393    -0.01172   -0.31887    0.11273    0.04292
20000731    -0.01634      0.1502   -0.30885    0.18997     0.1893
20000831      0.0607     -0.1512    0.13079    0.04656   -0.00519
20000929    -0.05348     0.03036   -0.11258    0.09627    0.01043
20001031    -0.00495     -0.2112   -0.42391   -0.07737   -0.33735
20001130    -0.08007    -0.48692   -0.04245   -0.21384   -0.32468
20001229     0.00405     0.14806   -0.09222   -0.08549      -0.25
20010131     0.03464     0.68457    0.64348    0.28561    0.62564
20010228    -0.09229    -0.17751   -0.19735   -0.22238    0.06309
20010330     -0.0642    -0.12207    -0.3001   -0.14147   -0.07715
20010430     0.07681     0.53087    0.41981   -0.16517    0.28669
20010531     0.00509    -0.03451   -0.00266     -0.111    0.07957
20010629       -0.025    0.19511    0.20037    0.12211    0.30741
20010731    -0.01077     0.05416    0.04167   -0.07443   -0.19178
20010831    -0.06411    -0.11918   -0.10933   -0.17109     -0.102
20010928    -0.08172     -0.2294   -0.28039    0.03868    -0.4676
20011031      0.0181     0.20792    0.14333    0.03052    0.15543
20011130     0.07518     0.30036    0.27915    0.15886    0.56726
20011231     0.00757     0.04328    0.47963    0.03936    0.17409
20020131    -0.01557    -0.00644     0.1499    0.04718   -0.02414
20020228    -0.02077    -0.08919    -0.4008   -0.12944   -0.39929
20020328     0.03674     0.17507    0.00993    0.09475       0.15
20020430    -0.06142    -0.06124    0.19512    0.03862    -0.1555
20020531    -0.00908    -0.06792    0.06262    0.09744    0.01999
20020628    -0.07246    -0.21429   -0.18082   -0.12208   -0.02969
20020731    -0.07899    -0.09366   -0.09067   -0.14837   -0.62362
20020830     0.00488    -0.35562    -0.1824   -0.14883    0.16911
20020930    -0.11001     0.05236     0.0868   -0.07939   -0.04033
20021031     0.08644     -0.0762   -0.01923    0.04187    0.13203
20021129     0.05707     0.34304   -0.01514    0.14689    0.40827
20021231    -0.06033    -0.12753   -0.23796   -0.21095   -0.46727
20030131    -0.02741     0.08033   -0.19272    0.06457   -0.19795
20030228    -0.017    0.11422     -0.2621 -0.01554 0.14894
20030331 0.00836     -0.07224     0.18043 0.13493 -0.11667
20030430 0.08104      0.28217     0.10192 0.06371 0.20964
20030530    0.0509    0.11914      0.2548  0.01645 0.32582
20030630 0.01132      0.13488     0.22636   0.0917  0.13464
20030731 0.01622     -0.00615     0.04318 0.00988 -0.12558
20030829 0.01787      0.19152     0.13617 0.14415 0.13834
20030930 -0.01194    -0.08633    -0.08461 -0.06546 -0.11111
20031031 0.05496      0.22706     0.00105 0.05561 0.08464
20031128 0.00713      0.06843     0.36478 0.03868    0.0036
20031231 0.05077     -0.15742    -0.22062 -0.00706 0.13038
20040131 0.017276      -0.0335   0.056269 0.06193 0.104762
20040228 0.012209      0.05676    0.04486 0.060773 0.055556
Moodys Bond Rating for RSH: Recent History
         Report Type             Date
Credit Opinion                19-Mar-04
Financial Statement Ratios     7-Jun-03

Rating Action                 28-Nov-01

Rating Action                 4-May-01

Source: www.moodys.com

Current Bond Rating for RSH
Moodys                       Baa1/BBB+
S&P                            A3/A-
Fitch                          A3/A-

Source: Mergent Online (http://www.mergentonline.com/compdetail.asp?company=-1&company_mer=8097&Page=longtermde
or RSH: Recent History
                                            Title
           RadioShack Corporation
           RadioShack Corporation
           MOODY'S CONFIRMS RADIOSHACK'S RATINGS AT Baa1/P-2 AND
           CHANGES OUTLOOK FROM POSITIVE TO STABLE
           MOODY'S RATES NEW SENIOR UNSECURED 144A ISSUE OF RADIOSHACK
           CORPORATION AT Baa1;MAINTAINS POSITIVE OUTLOOK.




w.mergentonline.com/compdetail.asp?company=-1&company_mer=8097&Page=longtermdebt)
                       NumShares Underlying
Name                    Exerciseable Options In the Money Value
Executives
Leonard H. Roberts            2,430,903          13,309,242
David J. Edmondson             779,138            1,405,778
Evelyn V. Follit               185,000              19,875
Mark C. Hill                   199,704             522,494
Michael D. Newman              104,999             282,139
Total                         3,699,744          15,539,528

Source: Proxy Statement 2004

Value of Equity Options (in 000s)                  15,540
Altman Z-Scores for Radio Shack
(In Thousands)                        12/31/2003 (TTM) 12/31/2002 12/31/2001 12/31/2000
Total Assets
Total Current Assets
Total Current Liabilities
Retained Earnings
EBIT
Book Value of Equity
Total Liabilities
Sales

                                      12/31/2003 (TTM) 12/31/2002 12/31/2001 12/31/2000
X1 = Working Capital/Total Assets
X2 = Retained Earnings/Total Assets
X3 = EBIT/Total Assets
X4 = BV of Equity/Total Liabilities
Y5 = Sales/Total Assets

                                      12/31/2003 (TTM) 12/31/2002 12/31/2001 12/31/2000
Model 1: EM Score

                                                      EM Score   Bond Rating
                                           1998
                                           1999
                                           2000
                                           2001
                                           2002
                                           2003


                                      12/31/2003 (TTM) 12/31/2002 12/31/2001 12/31/2000
Tax Rate

Based on Altman Z-Score Model
Default Spread (10 years, AAA)
+ 10 Year Treasury Yield
Pre-Tax Cost of Debt
* (1 - Marginal Tax Rate = 36.9%)
After-Tax Cost of Debt

Based on S&P/Fitch Rating (A-)
Default Spread (10 years, A-)
+ 10 Year Treasury Yield
Pre-Tax Cost of Debt
* (1 - Marginal Tax Rate = 36.9%)
After-Tax Cost of Debt

Based on Moody's Rating (Baa1/BBB+)
Default Spread (10 years, BBB+)
+ 10 Year Treasury Yield
Pre-Tax Cost of Debt
* (1 - Marginal Tax Rate = 36.9%)
After-Tax Cost of Debt
12/31/1999 12/31/1998




12/31/1999 12/31/1998




12/31/1999 12/31/1998




12/31/1999 12/31/1998
                 Year                 Thous (000s)
                 2004                   183,700
                 2005                   161,500
                 2006                   118,200
                 2007                    82,500
                 2008                    54,500

Thereafter (Cumulative Rents 2009+)     95,000
Divided by: Year 2008
#Years in Annuity                       #DIV/0!       Note: Assume that operating lease payments are made at the
Rent per Year from 2009 onwards                       end of the year. The date of evaluation is in March. Do not
                                                      adjust pro-rata for the 3 months that have already passed.
Pre-tax Cost of Debt (Altman Model)      0.00%

Time                                       0           1          2          3          4
Year                                     2004        2005       2006       2007       2008
Rental Payments
PV of Op Lease (Using Altman)
* Pre-tax Cost of Debt
Imputed Interest on Operating Lease

Pre-tax Cost of Debt (S&P/Fitch)

Time                                       0           1          2          3          4
Year                                     2004        2005       2006       2007       2008
Rental Payments
PV of Op Lease (Using S&P/Fitch)
* Pre-tax Cost of Debt
Imputed Interest on Operating Lease

Pre-tax Cost of Debt (Moody's)

Time                                       0           1          2          3          4
Year                                     2004        2005       2006       2007       2008
Rental Payments
PV of Op Lease (Using Moody's)
* Pre-tax Cost of Debt
Imputed Interest on Operating Lease
 lease payments are made at the
evaluation is in March. Do not
 hs that have already passed.


                 5          6
               2009       2010




                 5          6
               2009       2010




                 5          6
               2009       2010
Radio Shack (RSH)
                                            Imputed Rating(Altman)   S&P/Fitch Rating
Notes Payable (10Q)
+ Current Portion of LT Debt (10Q)
+ Current Portion of Cap. Leases (10Q)
+ Mortgages (10Q)
+ Convertible Debt (10Q)
+ Long Term Debt (10Q)
+ Non-Current Capital Leases (10Q)
Total On Balance Sheet Debt
+ PV of Operating Leases (for 2004)
Total Debt

Number of Shares Outstanding (10Q)
* Price per Share (as of 3/26/2004)
Total Market Value of Equity (Market Cap)

                                             Amount      Percent     Amount    Percent
Total Debt
+ Total Equity
Market Value of Total Capital
 Moody's Rating




Amount    Percent
                                                  Levered    On BalSheet Mkt Value of
              Company                   Ticker     Beta      Debt (000s) Equity (000s)
BestBuy                                  BBY
Circuit City Stores, Inc                 CC
Tweeter Home Entertainment Group        TWTR

                                        Average

Marginal Tax Rate (TTM)
Unlevered Beta (bU)

RadioShack Corporation                  Imputed   SP/Fitch     Moodys
                                        Ratings   Ratings      Ratings
Total Debt-to-Equity Ratio

Builtup Beta for RSH
* Risk premium (Rm-rf)
+ Yield on 10-year Treasury Bond (rf)
RSH's Cost of Equity (kE)

Historical Beta for RSH
* Risk premium (Rm-rf)
+ Yield on 10-year Treasury Bond (rf)
RSH's Cost of Equity (kE)
On BalSheet
Debt/Equity
                                                  Levered    On BalSheet Mkt Value of
              Company                   Ticker     Beta      Debt (000s) Equity (000s)
BestBuy                                  BBY

                                        Average

Marginal Tax Rate (TTM)
Unlevered Beta (bU)

RadioShack Corporation                  Imputed   SP/Fitch     Moodys
                                        Ratings   Ratings      Ratings
Total Debt-to-Equity Ratio

Builtup Beta for RSH
* Risk premium (Rm-rf)
+ Yield on 10-year Treasury Bond (rf)
RSH's Cost of Equity (kE)
On BalSheet
Debt/Equity
Cost of Capital Using Built-Up Beta   Cost of Capital Using Built-Up Beta
  (Cost of Debt using Altman Model)      (Cost of Debt using S&P/Fitch)


RSH's Cost of Equity (kE)             RSH's Cost of Equity (kE)
* Weight for Equity                   * Weight for Equity
MV Weighted Equity                    MV Weighted Equity

RSH's After-tax Cost of Debt (k D)    RSH's After-tax Cost of Debt (k D)
* Weight for Debt                     * Weight for Debt
MV Weighted Debt                      MV Weighted Debt

MV Weighted Equity                    MV Weighted Equity
+ MV Weighted Debt                    + MV Weighted Debt
After-tax WACC using MV weights       After-tax WACC using MV weights
Cost of Capital Using Built-Up Beta   Cost of Capital Using Built-Up Beta
    (Cost of Debt using Moody's)                 from BBY Only
                                          (Cost of Debt using S&P/Fitch)

RSH's Cost of Equity (kE)             RSH's Cost of Equity (kE)
* Weight for Equity                   * Weight for Equity
MV Weighted Equity                    MV Weighted Equity

RSH's After-tax Cost of Debt (k D)    RSH's After-tax Cost of Debt (kD)
* Weight for Debt                     * Weight for Debt
MV Weighted Debt                      MV Weighted Debt

MV Weighted Equity                    MV Weighted Equity
+ MV Weighted Debt                    + MV Weighted Debt
After-tax WACC using MV weights       After-tax WACC using MV weights
Cost of Capital Using Historical Beta
    (Cost of Debt using Moody's)


RSH's Cost of Equity (kE)
* Weight for Equity
MV Weighted Equity

RSH's After-tax Cost of Debt (k D)
* Weight for Debt
MV Weighted Debt

MV Weighted Equity
+ MV Weighted Debt
After-tax WACC using MV weights
                                                                              Note: Use 10K Info for these firms
                                                 RadioShack (RSH)                Peer Group (BBY, CC, TWTR)
RadioShack (RSH)                         12/31/03 (TTM) 12/31/02 12/31/01          2003          2002
Accounts Receivable
+ Inventories
- Accounts Payable
Noncash Working Capital (NWC)

Margin Analysis                          12/31/03 (TTM) 12/31/02 12/31/01          2003         2002
Cost of Goods Sold(xclu Depr)/Sales
SGA/Sales
EBITDA/Sales
EBIT/Sales
Noncash Working Capital/Sales
CapEx/Sales
Lagged CapEx/Sales
Depreciation & Amortization/Sales
Depreciation & Amortization/CapEx
Income Tax/Income Before Tax
Book Value of Debt/BV of Total Capital

Percentage Change                        2002 to 2003   01 to 02   00 to 01      02 to 03      01 to 02
Revenue Growth
EBITDA
EBIT
Depreciation
CapEx
Info for these firms
p (BBY, CC, TWTR)           S&P Specialty Retail
                  2001     2003   2002      2001




                2001       2003     2002     2001




               00 to 01   02 to 03 01 to 02 00 to 01
Assumptions                                         LTM       Forecast Pd Stable Pd
Revenues (LTM) (in 000s)
EBIT (LTM)
Depreciation & Amortization (LTM)
Noncash Working Capital (LTM)
Capital Expenditures (CapEx) (LTM)
Cash and Marketable Securities (LTM)
Cost of Goods Sold(xclu Depr & Amort)/Revenues
SGA/Revenues
Depreciation & Amortization/Revenues
Growth rate in revenue
Lagged CapEx/Revenues
Marginal tax rate (t)
Noncash Working Capital/Revenue
TEV/EBITDA Multiple
After tax WACC using Built-up Beta (MV weights)
Total Debt (LTM, in 000s) inclu PV of OpLease
Shares Outstanding (in 000s) as of 12/31/2003
Value of Equity Options (in 000s)

                                                      0            1          2         3
                                                  2003(TTM)      2004       2005      2006
Revenues
Less: Cost of Goods Sold (exclu Depr & Amort)
Gross Profit
Less: Selling, general, and admin (SGA)
EBITDA
Less: Depreciation and Amortization
EBIT (Unadjusted)
*(1 - Marginal Tax Rate)
EBIT*(1-t)
Noncash Working Capital (NWC)
Change in Noncash Working Capital (DNWC)
EBIT*(1-t)
+ Imputed Interest on Operating Lease (S&P's)
Adjusted EBIT after Taxes
+ Depreciation
- Capital Expenditures (CapEx)
- Change in Noncash Working Capital (DNWC)
Free Cash Flow to the Firm (FCFF)
Terminal Value at Beginning of Year 6
Free Cash Flow to the Firm (FCFF)
+ Terminal Value @ EOY5
Total Cash Flows to Firm
After tax WACC (MV weights)
1+WACC(MV weights)
Cumulative Product of [1+WACC(MV weights)]
PV Factor based on MV (1/Cumulative Product)

Total Cash Flows to Firm
* PV Factor based on MV
PV of Cash Flows to Firm
Value of Op Assets (using MV WACC) (in 000s)
+ Cash and Equivalents
Value of Firm (using MV WACC) (in 000s)
- Firm's Debt
PV of Equity
- Value of Equity Options (in 000s)
Equity to Common Stockholders
Divided by: Shares Outstanding
Justified Price per Share (using MV WACC)

Current Price                                  32.42

                WACC (BV Weights)
Sensitivity Analysis using MV of WACC

                                                       0.02   0.025   0.03
                                               0.140
                                               0.145
            WACC (MV Weights)                  0.150
                                               0.155
                                               0.160
                                               0.165
                                               0.170
                                               0.175
                                               0.180




                                                       0.02   0.025   0.03
                                               0.46
                                               0.48
                                               0.50
                                               0.52
                                               0.54
                                               0.56
           COGS/Sales                          0.58
                                               0.60
                                               0.62
                                               0.64
                                               0.66
                                               0.68
              Stable
              Growth
  4      5       6
2007   2008    2009
Growth Rate in Revenues
 0.035   0.04   0.045     0.05




Growth Rate in Revenues
 0.035   0.04   0.045     0.05
Assumptions                                         LTM       Forecast Pd Stable Pd
Revenues (LTM) (in 000s)
EBIT (LTM)
Depreciation & Amortization (LTM)
Noncash Working Capital (LTM)
Capital Expenditures (CapEx) (LTM)
Cash and Marketable Securities (LTM)
Cost of Goods Sold(xclu Depr & Amort)/Revenues                                        This scenario uses manageme
SGA/Revenues                                                                          Roberts, RadioShack Chairma
SGA                                                                                   February 19, 2004. In the call,
SGA growth per year                                                                   to 15 percent earnings per sha
Depreciation & Amortization/Revenues                                                  least $1.99 earnings per share
Growth rate in revenue                                                                upon 3 to 4 percent sales grow
                                                                                      improvement, 1.5 to 2.5 percen
Lagged CapEx/Revenues
                                                                                      program (approximately 200 to
Marginal tax rate (t)
Noncash Working Capital/Revenue
TEV/EBITDA Multiple
After tax WACC using Built-up Beta (MV weights)
Total Debt (LTM, in 000s) inclu PV of OpLease
Shares Outstanding (in 000s) as of 12/31/2003
Value of Equity Options (in 000s)

                                                      0            1          2          3
                                                  2003(TTM)      2004       2005       2006
Revenues
Less: Cost of Goods Sold (exclu Depr & Amort)
Gross Profit
Less: Selling, general, and admin (SGA)
EBITDA
Less: Depreciation and Amortization
EBIT (Unadjusted)
*(1 - Marginal Tax Rate)
EBIT*(1-t)
Noncash Working Capital (NWC)
Change in Noncash Working Capital (DNWC)
EBIT*(1-t)
+ Imputed Interest on Operating Lease (S&P's)
Adjusted EBIT after Taxes
+ Depreciation
- Capital Expenditures (CapEx)
- Change in Noncash Working Capital (DNWC)
Free Cash Flow to the Firm (FCFF)
Terminal Value at Beginning of Year 6
Free Cash Flow to the Firm (FCFF)
+ Terminal Value @ EOY5
Total Cash Flows to Firm
After tax WACC (MV weights)
1+WACC(MV weights)
Cumulative Product of [1+WACC(MV weights)]
PV Factor based on MV (1/Cumulative Product)
Total Cash Flows to Firm
* PV Factor based on MV
PV of Cash Flows to Firm
Value of Op Assets (using MV WACC) (in 000s)
+ Cash and Equivalents
Value of Firm (using MV WACC) (in 000s)
- Firm's Debt
PV of Equity
- Value of Equity Options (in 000s)
Equity to Common Stockholders
Divided by: Shares Outstanding
Justified Price per Share (using MV WACC)

Current Price                                  32.42

                WACC (BV Weights)
Sensitivity Analysis using MV of WACC

                                                       0.02   0.025   0.03
                                               0.140
                                               0.145
            WACC (MV Weights)                  0.150
                                               0.155
                                               0.160
                                               0.165
                                               0.170
                                               0.175
                                               0.180




                                                       0.02   0.025   0.03
                                               0.46
                                               0.48
                                               0.50
                                               0.52
                                               0.54
                                               0.56
           COGS/Sales                          0.58
                                               0.60
                                               0.62
                                               0.64
                                               0.66
                                               0.68
This scenario uses management expections as espoused by Len
Roberts, RadioShack Chairman and CEO in a Conference Call on
February 19, 2004. In the call, Mr. Roberts stated that "We anticipate 13
to 15 percent earnings per share growth over 2003, which applies at
least $1.99 earnings per share for 2004. This is primarily predicated
upon 3 to 4 percent sales growth, 50 to 70 basis points of gross margin
improvement, 1.5 to 2.5 percent growth in SG&A, and the stock buyback
program (approximately 200 to $250 million worth of our stock in 2004.)




                                     Stable
                                     Growth
               4            5           6
             2007         2008        2009
Growth Rate in Revenues
 0.035   0.04   0.045     0.05




Growth Rate in Revenues
 0.035   0.04   0.045     0.05
Book Value of Equity (LTM)
+ Book Value of Debt (LTM)
+ PV of Operating Leases
BV of Total Capital (LTM)

Percentage Weights
BV of Equity/ BV of Total Capital
(Debt & Debt Equivalents)/BV of Total Capital

Cost of Equity (use Builtup Beta-All firms)
After tax Cost of Debt (use S&P's rating)

After tax WACC (S&Ps rating + All firms)
Marginal Tax Rate (LTM)

                                                LTM
EBIT(1-t) (LTM) ($000)
After tax WACC (S&Ps rating + All firms)
BV of Total Capital (LTM) ($000)

Economic Profit (EVA)
Comments
from SEC Quarterly worksheet.
from SEC Quarterly worksheet.




BV Equity/(BV Debt + BV Equity) = BV Equity/BV Total Capital
1 - (BV Equity/BV Total Capital)

from Cost of Equity worksheet
from Cost of Debt worksheet

Note: This differs from the WACC you used in the valuation because you're using BV weights

				
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