1112 ET - Best Buy surprised the market with positive comparable sales growth in 2Q that may have been driven by the launch of the Nintendo Switch 2. The retailer posted comparable sales up 1.6% while analysts had been bracing for a 0.5% decline. The Switch may have contributed a 2% to 3% gain on comps, UBS analysts say in a research note. They looked at the sequential change in the company's entertainment segment sales growth relative to its run rate over the past five quarters. The analysts assume the majority of the inflection to positive trends reflected incremental dollars associated with the Switch console and peripheral items. They note that bears likely think the Switch 2 tailwind will fade from here. (dean.seal@wsj.com)

(END) Dow Jones Newswires

August 29, 2025 11:12 ET (15:12 GMT)

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