Best Buy online comps grow 242% in Q2

Retail Dive

Best Buy on Tuesday reported that second quarter domestic revenue rose 3.5% year over year to $9.13 billion (overall revenue, with international sales, reached $9.9 billion).

Telsey Advisory Group analyst Joseph Feldman said in emailed comments. “These catalysts should further strengthen Best Buy’s position as a winner in retail, helped by its consistent market share gains, stable profitability, leading omni-channel capabilities, solid cash flow generation, healthy balance sheet, and strong management team.”

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