Best Buy Warns of ‘Uneven’ Demand While Cutting Sales Guidance
Best Buy Co. cut its full-year guidance on sluggish demand for electronics and appliances, a sign of trouble for the retailer looking to pull off a turnaround.Though shoppers are responding to holiday promotions,
Best Buy cuts full-year sales forecast due to softer demand for consumer electronics
Best Buy is waiting for a wave of shoppers to replace old devices and upgrade to new, higher-tech ones after an approximately two-year sales slump.
Best Buy’s stock slides as ‘softer-than-expected’ demand leads to sales, earnings miss
Macro uncertainty, customers waiting for deals and sales events, and distraction during the run-up to the election led to softer-than-expected demand, according to Best Buy CEO Corie Barry.
Best Buy annual forecasts take a knock from weak electronics demand
Best Buy trimmed its annual profit and sales forecasts on Tuesday, signaling a muted holiday shopping season amid sluggish demand for pricey electronics such as televisions and home theater systems. Its shares were down 3% before the bell as the company also reported a much bigger-than-expected drop in comparable sales in the third quarter.
Best Buy takes 'pragmatic approach' to uneven demand and lowers FY25 outlook
The challenging macroeconomic environment coupled with election distractions and delayed promotional purchases resulted in a disappointing quarter for Best Buy (NYSE:BBY) and a lackluster outlook, driving shares more than 7% lower in Tuesday’s premarket trading.
Best Buy’s Q3 sales ‘were a little softer than expected’
Best Buy Co. Inc. shares are down 2.1% in premarket trades Tuesday after the electronics retailer reported third-quarter sales and earnings that came in below analysts’ estimates. Sales “were a little softer than expected” during the quarter,
Best Buy cuts annual forecasts on weak electronics demand during the holidays
(Reuters) -Best Buy cut its annual profit and sales forecasts on Tuesday, signaling a muted holiday shopping season amid sluggish demand for pricey electronics such as televisions and home theater systems.
Best Buy Cuts Outlook After 3Q Sales Slide
Best Buy cut revenue and earnings guidance for the year after shaky demand in the back half of the third quarter dented sales ...
Best Buy reports another quarterly sales decline as shoppers pull back spending on gadgets
Best Buy, the nation’s largest consumer electronics chain, on Tuesday reported another quarterly drop in sales as Americans ...
Massive Best Buy Black Friday sale live — here's 71 deals I'm recommending to family and friends
Best Buy's official Black Friday sale is live now — and I'm vetting the very best deals and doorbusters for you. From now ...
Best Buy broadly misses earnings estimates as consumers pull back on appliances, electronics
Appliance and entertainment sales dropped 14.70% and 18.80%, respectively, compared to estimates of down 7.5% and 4%.
Best Buy Lowers Full-Year Forecast Amid Turnaround Efforts
Best Buy Co. cut its full-year guidance on sluggish demand for electronics and other appliances, a sign of trouble for the ...
Best Buy looking for a holiday miracle to reverse weak demand, help it eke out increase in profits
Best Buy is blaming election uncertainty and deal-hungry shoppers for weak demand, which led to another disappointing quarter for the Richfied-based electronics chain. The retailer reported a $273 ...