Best Buy cuts its outlook, joining other retailers as inflation pressures shoppers

By July 27, 202253 views

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Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois.

Scott Olson | Getty Images

Best Buy on Wednesday cut its forecast for the year, saying it has seen weaker demand for consumer electronics amid inflation.

Shares of the company fell 10% in after market trading.

This story is developing. Please check back for updates.

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