Best Buy beats same-store sales estimates on surge in online demand By Reuters

© Reuters. FILE PHOTO: A delivery person passes by a sign for a new Best Buy store in New York

(Reuters) – Best Buy Co Inc (N:) beat quarterly same-store sales estimates on Tuesday as online demand for computers and other electronic accessories needed to work from home surged for a second straight quarter.

Comparable sales rose 5.8% in the second quarter ended Aug. 1, beating expectations of a 3.7% increase, according to IBES data from Refinitiv.

Best Buy said it expected third-quarter sales to be higher than last year, but growth would likely taper in coming weeks.

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