Best Buy's Blues

Martin, Scott
November 2008
Red Herring;11/12/2008, p7
Trade Publication
The article reports on a warning issued by Best Buy that weaker spending brought by the collapse of financial markets is forcing the consumer electronics giant to slash full-year 2008 estimates. According to the company, concerns over consumer spending have left the retail giant uncertain of its revenue targets during the holiday season, its biggest quarter of the year. It lowered earnings guidance to earnings per share ranging $2.30 to $2.90 on revenue of $43.7 billion to $45.5 billion.


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