It was a bright Christmas season for Best Buy (NYSE: BBY) after all. The consumer electronics retailer on Thursday announced earnings results that allowed it to outgrow many peers during the industry's most competitive period. Image source: Getty Images. Sales growth landed at 3.4% in its core U.S. stores to mark an acceleration over the prior quarter's 2% boost. The increase also allowed the company to beat its own outlook for the period. Best Buy managed to outpace major peers like Walmart as product categories such as headphones and appliances more than offset declines in the video gaming niche. "We offered compelling holiday deals that resonated with customers and provided a seamless shopping experience," CEO Corie Barry said in a press release. Best Buy's outlook for the new year was conservative and included an expected impact from the coronavirus outbreak. That pressure on sales growth should only last through the first half of fiscal 2021, although that prediction could change significantly as the situation develops. Still, Best Buy is predicting that overall sales will rise by about 1% at the midpoint of guidance as adjusted profitability holds steady at roughly 5% of sales in fiscal 2021. 10 stocks we like better than Best BuyWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Best Buy wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Demitrios Kalogeropoulos has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source