Best Buy posts disappointing sales for Q1, as consumers pull back on appliances, electronics

yahoo Finance

Best Buy (BBY) continues to struggle with sluggish sales, as consumer demand fizzles after a spike during the pandemic.

Joe Feldman of Telsey Advisory Group wrote in a client note that the laptop segment “has already seen a positive comp (comparable sales) due to the replacement cycle,” adding that he expects more momentum as “new technology hits the market” for back-to-school season.

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