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Best Buy Posts Q1 Earnings Miss, Slashes 2023 Sales Outlook; Stock Slides

·2 min read
Best Buy Posts Q1 Earnings Miss, Slashes 2023 Sales Outlook; Stock Slides
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"Macro conditions worsened since we provided our guidance in early March ... those trends have continued into Q2 and, as a result, we are revising our sales and profitability expectations for the year," said CEO Corie Barry.