Best Buy posts another quarter of sluggish consumer electronics demand

A Best Buy store stands outside of a Brooklyn mall on August 29, 2023 in New York City.Best Buy missed Wall Street's quarterly sales expectations on Thursday as softer demand for consumer electronics persisted.The retailer beat on earnings per share, though, and stuck by its full-year forecast. It expects revenue will range from $41.3 billion to$42.6 billion for the full year. That would mark a drop from the most recently ended fiscal year, when full-year revenue totaled $43.45 billion. It said comparable ...