Top U.S. electronics retailer Best Buy Co Inc on Tuesday reported a smaller-than-expected drop in quarterly comparable sales, as deeper discounts encouraged bargain-hunting Americans to shop for high-end products like televisions and laptops.
The company's comparable sales fell 6.2% in the second quarter ended July 29, compared with analysts' estimates of a 6.92% drop, according to IBES data from Refinitiv.
Best Buy stock jumps 1.8% in premarket trading.
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