The Clap
More cautious consumer spending may potentially impact Best Buy’s (NYSE:BBY) Q4 earnings following the holiday season.
What
A difficult economy changed consumers’ spending habits prior to the holidays, driving the electronics retailer toward an underwhelming quarter.
Electronics in particular saw sales fall by 5.3% from November 1 until December 24.
So What
The company’s shares are already down 21% so far this year, with same-store sales in Q3 declining both domestically and internationally.
Now What
Some analysts believe that the poor Q4 is factored into the company’s stock price, putting the worst past Best Buy.
