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.

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Source Fool.com