Best Buy Beats Forecast, Loads Up on Inventory

Published August 30, 2021

Riding the wave of pandemic-fed demand for consumer electronics, US retailer Best Buy reported better-than-expected earnings in its most recent quarter. It raised its outlook for the second half of the year, a good sign for continued strong demand for display products. Best Buy reported net income of $734M on revenues of $11.8B, beating consensus expectations for its second quarter of fiscal 2022, which ended August 1st, 2021.

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Written by

Bob O'Brien

bob.obrien@displaysupplychain.com

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