for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Best Buy beats same-store sales estimates on surge in online demand

Aug 25 (Reuters) - Best Buy Co Inc beat quarterly same-store sales estimates on Tuesday as online demand for computers and other electronic accessories needed to work from home surged for a second straight quarter.

Comparable sales rose 5.8% in the second quarter ended Aug. 1, beating expectations of a 3.7% increase, according to IBES data from Refinitiv.

Best Buy said it expected third-quarter sales to be higher than last year, but growth would likely taper in coming weeks. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up