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November 23, 2021
(Reuters) – Best Buy Co Inc forecast fourth-quarter comparable sales below estimates on Tuesday, as the electronics retailer braces for a hit from likely product shortages during the crucial holiday shopping season.
Best Buy forecast fourth-quarter comparable sales between a fall of 2% to a rise of 1%, the mid point of which is below analysts’ estimates a 0.1% rise, according to IBES data from Refinitiv.
(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila and Shounak Dasgupta)
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