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Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic.
The retailer’s sales were also affected later in the quarter, as it decided to shut stores to customers and switch to only curbside pickup outside of them.
Best Buy shares fell about 2% in premarket trading Thursday.
Here’s what Best Buy reported for the first quarter ended May 2:
- Earnings per share: 67 cents,