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best buy lowers sales forecast amid declining consumer electronics demand

Best Buy has lowered its full-year sales forecast, anticipating revenue between $41.1 billion and $41.5 billion, down from previous estimates. The retailer reported a 2.9% decline in comparable sales, attributed to weaker demand for appliances and gaming, despite some growth in computing and services. CEO Corie Barry noted that consumer demand is picking up as holiday sales approach, although macroeconomic uncertainties persist.
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United States Dollar Microsoft Corporation Best Buy Co., Inc. USA Corie Barry Matt Bilunas
Finance & Economy, Market Report
13:19 26.11.2024
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