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Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q
Read full article: Best Buy's shares up after chain posts smaller-than expected sales decline for 4QBest Buy’s shares rose on Thursday as the nation’s largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending for gadgets may be in sight.
Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaise
Read full article: Best Buy posts better-than-expected 3Q profits but sales sluggish amid spending malaiseBest Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy.
Best Buy and the reluctant shopper. Sales fall as Americans pull back on spending
Read full article: Best Buy and the reluctant shopper. Sales fall as Americans pull back on spendingBest Buy sales and profits slid in the second quarter as the nation’s largest consumer electronics chain continues to wrestle with a pullback in spending on gadgets after Americans splurged during the pandemic.
Best Buy Q2 results fall amid softening demand for gadgets
Read full article: Best Buy Q2 results fall amid softening demand for gadgetsBest Buy posted declines in fiscal second-quarter profits and sales as the nation’s largest consumer electronics chain struggled with weakening consumer demand for gadgets and high costs that rippled through its supply chain.
Best Buy reports Q4 sales miss hurt by supply chain clogs
Read full article: Best Buy reports Q4 sales miss hurt by supply chain clogsBest Buy reported a shortfall in sales for the holiday quarter as the nation’s largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.
Best Buy shares tumble on theft, supply constraints
Read full article: Best Buy shares tumble on theft, supply constraintsBest Buy Co.’s shares tumbled after the nation’s largest consumer electronics chain posted a decline in gross profit margin for the fiscal third quarter, citing organized theft and increased promotions compared to a year ago.
With sales still surging, Best Buy raises prospects for 2021
Read full article: With sales still surging, Best Buy raises prospects for 2021Best Buy Co. has raising its full-year sales outlook after the nation’s largest consumer electronics chain posted fiscal second-quarter results that beat Wall Street’s projections.