It looks like CEO Hubert Joly's "Renew Blue" turnaround plan is bearing Best Buy some fruit-- Q2 2013 sales drop by -0.4% Y-o-Y to $9.3 billion, an improvement over the -1.6% decline the retailer saw a year earlier.
Sales from Best Buy stores open for at least 14 months are down by -0.6% Y-o-Y, a decline the retailer blames on "short-term disruptions" caused by Samsung and Windows boutique store-within-store rollouts.
Earnings total $266 million, mostly thanks to $226m worth in legal settlements, as well as gains from the Best Buy Europe sale.
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