Best Buy's Emerging Categories Fuel 2Q Domestic Outperformance
Dow Jones08-27 19:14
Best Buy's Domestic segment posts a 4.5% comparable sales increase in the second quarter, driven in part by a collection of emerging categories like AI glasses and trading cards. Computing and home theater also contribute to the growth on a weighted basis. Traditional gaming remains a weak spot, declining for the quarter. Domestic online revenue rises 5.1% on a comparable basis, reaching $3 billion and representing 33.1% of total Domestic revenue. The retailer says it outperformed expectations, with enterprise comparable sales increasing 4.1%
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