Revenue jumped almost 14% to $6.96 billion from $6.12 billion, helped by the net addition of 117 new stores in the past 12 months.
Sales at stores open 14 months, a key retail measure, grew 4.9%. Best Buy said the gain was driven by an increase in the average size of each transaction. The company also said consumers bought more at its Web site, and online revenue grew more than 30%.
But the big question on everyone's lips is will sales of such big ticket items slow as interest rate hikes bite and gas remains so expensive. Probably!