Best Buy Is Trying Its Hand at Electric Mobility
One of the big beneficiaries of the pandemic has been electronics retail stock Best Buy (NYSE: BBY), which became a go-to for home office needs. The company has seen revenue more than double in the last three years, and net income has jumped as well, climbing 70% in the first six months of fiscal 2022.
Growing spending from both enterprise customers and consumers has helped drive results. But long-term, it's not clear if this was a one-time benefit or a sustainable change in how people shop, so Best Buy wants to find more ways to draw customers to the store. It may have found that in electric mobility products.
Source Fool.com
