Best Buy cuts sales forecast, as holiday shoppers hunt for deals

Best Buy says i full-year full-year sale Tuesday cline by between 6% and 7.5%, lower than its previous guidance.

The consumer electronics retailer beat Wall Street's quarterly earnings expectations, but quarterly t on revenue.

CEO Corie Barry says consumer demand "has been even more uneven and difficult to predi $43.1 billion to $43.7 billion highL the fiscal year ">18% between $43.8 billion to $44.5 billion span> this yea between 6% and 7.5% ss="summaryFeed_highLightText__NxlGi">Mo 4.5% to 6% > 68.11 Best Buy< $6 to $ 6.30 an class="su between $6 and $6.40 ext__N Corie Barry l Best Buy< consumer electronics this year ed_highLightText__NxlGi">U.S. the Federal Reserve's i">9.3% U.S. 7.3% the holiday season LightText__NxlGi">year over year 6.9% the fiscal third quarter st 14 months Comparable Refinitiv ghLightText__NxlGi">a yea 1.29 rlier < 1.18 class="summaryFeed_h $9.76 billion _NxlG $9.90 billion lionBest Buy class="summaryFeed_highLightText__NxlGi">the year-ago years aryFeed_highLightText__NxlGi">1.22 Covid 77 million< Barry > this fiscal year $263 million three-month ryFeed_highLightTex Oct. 28 i">Best Buy