(Bloomberg) — Best Buy Co. benefited from Americans splurging on household upgrades but warned that the boost it received from reopening stores won’t last through the rest of the current quarter, sending the shares down.Comparable-store sales in the U.S. — a key gauge of performance — rose 5%, beating analysts’ projections. But like other retailers, Best Buy said it wouldn’t provide financial guidance due to the uncertainty surrounding the coronavirus pandemic. The hints it did give about third-quarter sales disappointed investors.The shares fell 2.9% in premarket trading as of 8:26 a.m.After Target’s stellar results last week, investors were keen to …read more
Source:: Yahoo Finance
