Best Buy posts better-than-expected 1Q earnings
May 25, 2023
Best Buy reported earnings per share of $1.15 in the first quarter, better than the $1.11 expected by analysts. The consumer electronics chain’s same-store sales fell more than 10 percent. “Customers are clearly feeling cautious and making tradeoff decisions as they continue to deal with high inflation and low consumer confidence due to a number of factors,” said Best Buy CEO Corie Barry.
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