Best Buy (BBY) shares slumped 7% late Tuesday morning after the electronics retailer ꦿmissed profit and sales estimates and slashed i🐬ts guidance as consumers pulled back on spending ahead of the key holiday shopping season.

Best Buy posted fiscal 2025 third-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.26, with revenue falling more than 3% year-over-year to $9.45 billion. Analysts surveyed by Visible Alpha were looking for $1.29 and $9.63 billion, respectively.

澳洲幸运5开奖号码历史查询:Comparable store sales fell 2.9%. Domestic comparable store sales slid 2.8%, dragged down by slowing purchas🔜es of appliances, home theater, and gaming items. International comparable store sales were down 3.7%, and online comparable store sales lost 1.0%.

CEO Attributes Results To 'Ongoing Macro Uncertainty, Customers Waiting for Deals'

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Corie Barry said "a combination of th🍨e ongoing m🐻acro uncertainty, customers waiting for deals and sales events, and distraction during the run-up to the election, particularly in non-essential categories, led to softer-than-expected demand" in the second half of the quarter.

The comಌpany predicts full-year EPS o🍎f $6.10 to $6.25, compared with the prior outlook of $6.10 to $6.35. It sees revenue of $41.1 billion to $41.5 billion, versus the earlier $41.3 billion to $41.9 billion. It expects  comparable store sales will sink 2.5% to 3.5%, down from a 1.5% to 3.0% decline previously.  

Despite today's tumble, shares of Best Buy are 11% higher year-to-date.

UPDATE—This article has been updated with a new headline and the latest share price information.