{"id":87339,"date":"2023-11-22T02:34:57","date_gmt":"2023-11-22T07:34:57","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/best-buys-stock-slides-as-retailer-lowers-guidance-to-reflect-uncertain-environment\/"},"modified":"2023-11-22T02:34:59","modified_gmt":"2023-11-22T07:34:59","slug":"best-buys-stock-slides-as-retailer-lowers-guidance-to-reflect-uncertain-environment","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=87339","title":{"rendered":"Best Buy\u2019s stock slides as retailer lowers guidance to reflect  uncertain environment"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002749199\">\n<div class=\"snippet__body\">\n<p>Best Buy Co. Inc.\u2019s stock BBY fell 2.7% Tuesday, after the electronics retailer posted weaker-than-expected third-quarter revenue and lowered guidance to reflect a choppy and uncertain environment. <\/p>\n<p>Chief Executive Corie Barry said profitability was better than expected but revenue lagged. <\/p>\n<p>\u201cIn the more recent macro environment, consumer demand&#8230;<\/p>\n<div id=\"cx-snippet\">\n<div class=\"snippet__roadblock\">\n<h3 class=\"headline_1\">\n              Master your money.<br \/>\n            <\/h3>\n<h3 class=\"headline_2\">\n              Subscribe to MarketWatch.<br \/>\n            <\/h3>\n<\/p>\n<h4 class=\"subheadline_1\">\n              Get this article and all of MarketWatch.<br \/>\n            <\/h4>\n<h4 class=\"subheadline_2\">\n              Access from any device. Anywhere. Anytime.<br \/>\n            <\/h4>\n<p>             Subscribe Now<\/p>\n<p class=\"snippet__roadblock_sign_in_text\">\n            Already a subscriber?<\/p>\n<p>              Log In<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/best-buys-stock-slides-premarket-after-revenue-miss-and-as-retailer-lowers-guidance-ec874a5f?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Best Buy Co. Inc.\u2019s stock BBY fell 2.7% Tuesday, after the electronics retailer posted weaker-than-expected third-quarter revenue and lowered guidance to reflect a choppy and uncertain environment. Chief Executive Corie Barry said profitability was better than expected but revenue lagged. \u201cIn the more recent macro environment, consumer demand&#8230; Master your money. Subscribe to MarketWatch. Get [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":87340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-87339","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best Buy\u2019s stock slides as retailer lowers guidance to reflect uncertain environment | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Best Buy Co. 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