Best Buy Races Past $11 Billion in Q1 Sales
Investors were expecting some head-turning results from Best Buy's (NYSE: BBY) first quarterly report of 2021. The selling period compares to a depressed prior year that included some of the most intense retailing lockdowns of the pandemic. That comparison gets even easier if you account for booming consumer demand today in several of the household tech and entertainment niches that Best Buy dominates.
Yet the retailer's actual results still surprised many on Wall Street. Let's look at a few key trends that all supported management's significant boost to their 2021 growth outlook.
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Source Fool.com