Best Buy beats on top and bottom lines as retailer aims to reinvigorate sales

Best Buy reported better-than-expected first fiscal quarter earnings as it works to turn around its sales slump. Growth was led by gaming and computing, partially offset by weaker appliance sales. The update is modestly positive for the stock, indicating some improvement in core demand trends.

Analysis

Best Buy reported better-than-expected first fiscal quarter earnings as it works to turn around its sales slump. Growth was led by gaming and computing, partially offset by weaker appliance sales. The update is modestly positive for the stock, indicating some improvement in core demand trends.