Best Buy's Q3 Beats Expectations, Holiday Outlook Bright

Best Buys Q3 earnings surpassed expectations, with a 2.7% increase in same-store sales and adjusted earnings per share of $1.40, exceeding the projected $1.30. Total revenue reached $9.67 billion, outperforming forecasts. The company attributes this growth to strong sales in computing, gaming, and mobile phones. Best Buys stock rose by 3% in pre-market trading, and theyve raised their full-year sales forecast due to the positive Q3 results and optimistic Q4 outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.