Best Buy Reports a "Blockbuster" Q1

By Sheridan Fifer

Best Buy saw its comparable sales grow 37% in the first fiscal quarter. Of course, some of that growth was a result of the company emerging from the pandemic era, when stores were closed and Best Buy relied on curbside pickup to get its products to customers. But even when compared to the figures from 2019, before the coronavirus appeared on the world stage, Best Buy's sales grew by more than 27%. CEO Corie Barry cited extraordinary customer demand for the numbers, stating that some pandemic era trends continue to boost Best Buy's business. 

Executives did note, though, that the second half of this year could be shaped by shifts in consumer spending back to eating out, traveling and other experiences cut off by the pandemic.

Read the full story at Retail Dive.