Earnings

Best Buy (BBY) earnings Q4 2023

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Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

Best Buy on Thursday reported holiday-quarter earnings and revenue that topped Wall Street’s expectations, as waning demand for consumer electronics wasn’t as bad as feared.

Still, shares were down about 4% in early trading as the retailer warned of declining sales in the coming year.

For the coming fiscal year, the consumer electronics retailer said it expects revenue between $43.8 billion and $45.2 billion, a decline from its most recent fiscal year, and a same-store sales decline of between 3% and 6%. The company is expecting to feel the majority of that pressure during the first quarter…



Source cnbc.com

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