Best Buy said it expects sales for the current fiscal year to be in the range of $41.3 billion to $42.6 billion. Best Buy shares rose $3.70 to $83.38 in morning trading on Thursday. The current economic environment makes consumer electronic sales uneven and difficult to predict, said Best Buy. Best Buy anticipates earnings per share for the year to range from $5.75 per share to $6.20 per share. During the holiday season, shoppers were deal-driven in a environment that was even more promotional than before the pandemic, said Best Buy.

Source: Mint February 29, 2024 19:28 UTC