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Best Buy Q4 comparable sales fall less than expected
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(Reuters) — Best Buy (NYSE:BBY) on Thursday posted a smaller-than-expected drop in quarterly comparable sales, as holiday deals prompted shoppers to open their wallets for big-ticket purchases like electronics and home appliances.
The top U.S. electronics retailer's fourth-quarter comparable sales fell 4.8%, its ninth straight quarterly decline, compared to analysts' average expectations of a 5.36% drop, according to LSEG data.
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