Best Buy set for tenth straight quarter of sales drop on weak electronics spending


Best Buy is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation.

“I don’t think there’s any change in demand trends for electronics. I don’t expect this to be a very big quarter for (Best Buy),” Telsey Advisory Group analyst Joseph Feldman said. He said a recovery in demand at Best Buy is not expected until the second half of this year.

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