Best Buy makes forward progress in Q2, shares rally

|About: Best Buy Co. (BBY)|By:, SA News Editor

Best Buy (BBY) beats estimates as strong online sales helped make up for a slip in comparable store sales.

Despite not putting in a powerhouse quarter, substantial forward progress was made by Best Buy. In the U.S., comp sales were down 0.4% vs. -1.1% prior. Costs and the impact of a new pricing strategy were also better than anticipated.

Mobile phone and appliances were strong categories during Q2. (PR)

BBY +10.4%