Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead

Electronics retailer Best Buy reported falling gross sales and income for the most recent quarter and stated its outcomes for the present fiscal yr shall be worse than it had beforehand predicted amid elevated promotions and better supply-chain bills.

“Macro conditions worsened since we provided our guidance in early March, which resulted in our sales being slightly lower than our expectations,” stated Best Buy CEO Corie Barry.

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