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Best Buy Q2 Earnings: 3 Takeaways

TheMotleyFool

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Investors had high expectations heading into Best Buy's (NYSE: BBY) fiscal 2022 second-quarter earnings report. They weren't disappointed.

The retailer on Tuesday morning revealed that demand was strong through July as consumers spent freely on products that helped them be more productive and entertained at home. Customer traffic gains convinced management to issue a second straight dramatic upgrade to their annual outlook, despite mounting risks to the business related to inflation and the coronavirus.

Image source: Getty Images.

Source Fool.com

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