Best Buy Reports Strong Q2 Ups Outlook As Position Is Fundamentally Stronger
The company’s results rhyme with other retailers that have upped their digital transformation game. Retailers ranging from Walmart to Target to Home Depot and Lowe’s have all reported strong results. Foot traffic in physical stores have increased as digital channels post growth even against tough comparisons from a year ago when most sales were online. Best Buy reported fiscal second quarter earnings of $2.90 a share and $2.98 a share non-GAAP....