Best Buy expects investment in price competitiveness to continue into Q2

theflyonthewall.com

The company believes the investments have contributed to the company gross profits and EPS declines. Additionally, the company said disruptions caused by the physical deployment of the Samsung Experience Shops and the optimization of our retail floor space are expected to have operational impacts during the second quarter. It also expects to see a greater negative impact from our Renew Blue capital and SG&A investments in the second quarter.

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