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Best Buy ups sales outlook heading into holiday shopping ramp-up
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FILE - A Best Buy logo is shown at a store in Dallas on Oct. 25, 2024. - photo by AP Photo/Tony Gutierrez, File
Best Buy raised its profit and sales expectations ahead of the holiday shopping ramp-up on Black Friday after a strong third quarter. Comparable-store sales at the nation's largest consumer electronics chain rose 2.7%, fueled by computing, gaming and mobile phones. It was the biggest gain in four years for the Minnesota retailer.