Best Buy beats quarterly comparable sales expectations

Cyclical Consumer Goods

Reuters Staff

Nov 24 (Reuters) - Best Buy Co Inc beat quarterly comparable sales estimates on Tuesday, boosted by demand for laptops, webcams and other computer accessories as customers settled into work-at-home lifestyles.

The consumer electronics retailer’s comparable sales rose 23% in the third quarter ended Oct. 31, beating expectations of a 14.7% increase, according to IBES data from Refinitiv.