Best Buy's Computing Conundrum: When Bigger Isn't Always Better Best Buy's Q2 earnings report is a mixed bag, with same store sales growth of 4. 1%, revenue exceeding expectations at $9.
8 billion, and adjusted earnings per share of $1. 47. However, the company's reliance on computing as its largest contributor to comparable sales growth raises questions about its long term strategy.
Computing segment sales jumped 6. 8%, but this came with a price – memory costs have soared, forcing Best Buy to raise prices by a mid teens percentage.