Retail

Best Buy (BBY) earnings Q2 2022

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People wear protective face masks outside Best Buy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City.

Noam Galai | Getty Images

Best Buy said Tuesday fiscal second-quarter sales rose nearly 20% as consumers upgraded devices and equipment and permanently embraced habits formed over the past year — from hybrid work to streaming TV shows.

Shares were up about 5% in premarket trading.

The consumer electronics retailer raised its outlook for the second half of the fiscal year. It now expects same-store sales to range from flat to down 3% in the second half of the fiscal year…



Source cnbc.com

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