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Best Buy beats Q3 estimates, raises full year guidance

November 21, 2018

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Best Buy has been running on the energy of a strong rebound for a while now, and there was a sense before this earnings report that the retailer’s comeback itself may be running on fumes. Those concerns may be put on the back burner for at least another quarter, but can Best Buy put together another strong revenue run through the holidays?

Overall concerns linger, especially as Best Buy has upped its investment in services over the last year through programs like In-Home Advisor and Total Tech Support, as well as the acquisition of mobile health and safety services provider GreatCall.

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