Why Best Buy May Crush All Naysayers with a Single Quarter of Earnings


Best Buy has been left for dead by many on Wall Street, a retailing relic not equipped to survive against an online world of price matching led by Amazon and Walmart. However, there is good reason to believe the electronics retailer will deliver surprisingly decent second-quarter earnings and holiday sales guidance. From new ship merchandise from store capabilities for online customers, to robust appliance sales due to the housing recovery, Best Buy has some interesting business drivers that Wall Street may be overlooking. Brian Sozzi shares three things most investors are likely forgetting about Best Buy ahead of the company’s second-quarter earnings.