Tag: $Best Buy

Best Buy scales back sales outlook as results top expectations

Best Buy on Tuesday surpassed Wall Street’s quarterly sales expectations, but tempered its outlook for the rest of the year as it feels the lull of post-pandemic spending on kitchen appliances, computer monitors and other electronics.

Best Buy shares rise on earnings beat, even as CEO says shoppers are showing ‘recessionary behaviors’

Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year.