Best Buy (BBY) - Get Free Report reported adjusted earnings per share of $2.98 on revenue of $11.85 billion. The company said same-store sales rose 20% from last year, smashing the Refinitiv forecast of a 17.4% gain.
Jim Cramer attributed the strong results to CEO Corie Barry's big investment in ensuring a steady supply chain for the technology retailer.
"You get 20% growth because you have the product," Cramer told Action Alerts PLUS senior analyst Jeff Marks Tuesday.
"The stock isn't done going higher," Cramer concluded.
TheStreet Live Recap: Everything Jim Cramer Is Watching 8/24/21