The company said it plans to open the same number of stores in China during the same time period.
The retailer reported an adjusted quarterly profit of $2.47 a share. That was significantly higher than the projected $2.16 a share, from a survey of analysts by Thomson Reuters.
Best Buy currently has 1,105 big-box stores in the U.S., not counting the pending closures, according to company spokeswoman Kelly Groehler. In China, there are 185 stores under the company’s Five Star brand, she said.
The company plans to open 100 “mobile small format stand-alone stores” in the U.S. in fiscal year 2013. It also said 14 of the new stores in China will be “mobile store-within-a-store concepts.”