Best Buy Co. reported fiscal third-quarter results
that blew through analysts’ expectations as the
nation’s largest consumer electronics retailer
enjoyed surging demand for items like home
theater and appliances that help people learn,
cook, work and connect in their homes during
the pandemic.
The Richfield, Minnesota-based retailer, said
that third-quarter profits rose 33% while sales
were up 21%. Sales at stores opened at least
a year rose 23%, while online sales in the U.S.
surged 174%.