Best Buy Turnaround Spurs Third-Quarter Profit Beat

Best Buy's recent performance shows improvement due to CEO Uber Jolie's strategies, including cost-cutting and boosting sales. The company outperformed analyst expectations with a 2.2% rise in comp sales and earnings above estimates. Despite slow industry growth, Best Buy saw strength in certain product categories. The company is cautious about the holiday season, expecting stable sales, and has improved its marketing and promotional strategies. However, challenges include a competitive environment and a shift towards lower-margin products.

What was the percentage increase in Best Buy's comparable sales in the recent quarter?

• 3.0%

• 2.0%

• 2.2%

• 1.5%

What was the earnings per share reported by Best Buy, exceeding analyst estimates?

• $0.35

• $0.20

• $0.32

• $0.25

Which of the following brands has Best Buy emphasized in its 'store-in-store' strategy?

• Apple

• Samsung

• Microsoft

• LG

What is one of the potential challenges Best Buy faces for the holiday season?

• Decreasing store count

• Lower-margin product sales

• High employee turnover

• Lack of promotional activities

How many stores are now participating in Best Buy's ship-from-store initiative?

• 2000

• 1400

• 800

• 400