Best Buy Comps Increase 5.8% in the Second Quarter
Best Buy (NYSE: BBY) reported its 2021 second-quarter results today, for the period ending Aug. 1, and the electronics chain made up for a decline in the first quarter, when stores were completely closed for six weeks, with a 5.8% year-over-year comps increase.
Stores were closed for part of the second quarter as well, and when they reopened, it was with a by-appointment-only model for the first six weeks. Digital growth spiked 242% year over year domestically, and total revenue was $9.9 billion. Adjusted earnings per share increased 58% to $1.71.
Source Fool.com
