Best Buy’s Sales Cool, and It Warns of a Rough Year Ahead
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Electronics retailer Best Buy reported falling sales and profits for the latest quarter and said its results for the current fiscal year will be worse than it had previously predicted amid increased promotions and higher supply-chain expenses.

“Macro conditions worsened since we provided our guidance in early March, which resulted in our sales being slightly lower than our expectations,” said Best Buy CEO Corie Barry.

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