Best Buy's shares up after chain posts smaller-than expected sales decline for 4Q
Best Buyโs shares rose on Thursday as the nationโs largest consumer electronics chain posted a smaller-than-expected sales decline for the fiscal fourth quarter, signaling that the bottom of spending for gadgets may be in sight.
Best Buy reports Q4 sales miss hurt by supply chain clogs
Best Buy reported a shortfall in sales for the holiday quarter as the nationโs largest electronics chain struggled with limited supplies of holiday products and was forced to reduce store hours because of a shortage of workers due to omicron.