(Best Buy's) quarter was disappointing. While (Best Buy) is clearly focused on reducing expense growth, this issue will continue to weigh on fourth-quarter results, thus limiting the upside in a solid environment.
Best Buy is one of the strongest retailers in the U.S. today. It is dominating in its core big-box consumer electronics format and has three-to-four more years of continued store expansion, which will add over $2 billion to revenues annually.