Best Buy Tuesday reported a third quarter profit of $154 million, a 29 percent drop from the same time last year, as same-store sales grew just one percent.
The numbers were below analyst expectations, C
NN Money reported.
"We took actions to provide value to customers and drive our business in this competitive consumer environment," CEO Brian Dunn said in a statement. "We are pleased to report positive traffic, comparable store sales growth and continued progress on our key strategic focus areas, highlighted by strong performance online."
