Best Buy Surprise Comp Growth Potentially Driven by Switch 2 -- Market Talk

Dow Jones
Aug 29, 2025

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)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10