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Best Buy beats quarterly sales estimates

ReutersAug 28, 2025 11:36 AM

Aug 28 (Reuters) - Electronics retailer Best Buy BBY.N posted a surprise rise in second-quarter sales on Thursday, driven by strong online sales and a surge in demand for artificial intelligence-powered computers, mobile phones and other devices.

Comparable sales for the quarter ended August 2 rose 1.6%, compared with analysts' average expectations of a 0.52% drop, according to data compiled by LSEG.

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