Retail News

Best Buy’s sales fall short of Wall Street’s expectations

Reuters/Yahoo Finance 02/25/2021

Best Buy reported a gain of 12.6 percent in same-store sales during the fourth quarter, below the Wall Street consensus of a 14.4 percent gain, and down from a 23 percent jump in the third quarter. Looking ahead, Best Buy is looking for sales to moderate year-over-year as the need for products purchased for working at home relaxes and more Americans get vaccinated against COVID-19.

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