Chalk another "win" in Best Buy's column.
Shares of the electronics chain rocketed 6.5 percent higher Thursday, after the company handily topped Wall Street's earnings and revenue forecasts, fueled by stronger-than-expected results from existing stores. The gains added to the stock's 2016 run, which has sent shares 44 percent higher year-to-date.
Best Buy's fiscal third-quarter performance served as yet another indication that the retailer, which many had written off as the next casualty to Amazon, has found a way to differentiate itself in an increasingly digital world.
And while the retailer remains cautious about the holiday quarter — a period when other bricks-and-mortar chains slash the price of televisions to bring traffic into their stores — Wall Street gave the company credit for managing its expenses and growing market share in the recently ended period.
Here are five ways Best Buy managed to do that.