We knew Best Buy’s quarter and guide would be weak. Here’s our plan for the stock

Earnings

Laptop computers inside a Best Buy store in Union City, California, US, on Friday, Nov. 24, 2023.
David Paul Morris | Bloomberg | Getty Images

Best Buy‘s quarter came up short of expectations, with the misses compounded by downward revisions to management’s outlook for the remainder of the year.

We were not surprised by Tuesday morning’s print and have a plan.

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