Best Buy Beats Forecast, Loads Up on Inventory

Published August 30, 2021

Riding the wave of pandemic-fed demand for consumer electronics, US retailer Best Buy reported better-than-expected earnings in its most recent quarter. It raised its outlook for the second half of the year, a good sign for continued strong demand for display products. Best Buy reported net income of $734M on revenues of $11.8B, beating consensus expectations for its second quarter of fiscal 2022, which ended August 1st, 2021.

Please register or login to read full article

Forgot your password?

You can select more than one.

Image Description
Written by

Bob O'Brien