1202 ET - Best Buy expects a windfall in 2Q from preorders of Nintendo's Switch 2. The retailer's preorder quantities sold out very quickly in 1Q, CEO Corie Barry says, and those dollars will be recognized on the company's income statement in 2Q when the system launches. Best Buy is uniquely positioned for the long-awaited gaming system's rollout, as it is one of the only retailers that will open its doors at midnight for the June 5 launch, Barry says. The launch should help offset some pressure that the gaming category has seen this year, CFO Matt Bilunas says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
May 29, 2025 12:03 ET (16:03 GMT)
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