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Best Buy forecasts holiday-quarter comparable sales below estimates -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: A Best Buy sign is displayed in Manhattan, New York City (USA), November 22, 2021. REUTERS/Andrew Kelly

(Reuters) – Best Buy Co Inc (NYSE 🙂 expects fourth quarter comparable sales to be below Tuesday’s estimates, as Co Inc is preparing for possible product shortages in the critical holiday season.

According to Refinitiv’s IBES data, Best Buy expects fourth quarter comparable sales to fall by 2% or rise by 1%. The midpoint is lower than analysts’ expectations of an increase of 0.1%.

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