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 changes has Best Buy made in its marketing and promotional strategies?

What are some potential challenges that Best Buy may face in the upcoming quarter?