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MarketBeat
MarketBeat
Business
Peter Frank

Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof

Best Buy Nasdaq

Best Buy (NYSE: BBY) is accomplishing what many thought unlikely.

After a pandemic-fueled surge came and went, the company is showing signs of stabilizing sales and online momentum. Rather than another big-box victim, it is focused on improving its margins and expanding its business. And it is maintaining strong profitability despite sluggish consumer electronics demand.

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