TITLE

Best Buy's Blues

AUTHOR(S)
Martin, Scott
PUB. DATE
November 2008
SOURCE
Red Herring;11/12/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
36586152

 

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