Another downbeat quarter?
Best Buy has been struggling this year amid weakening consumer demand and rising costs due to supply chain disruptions. The nation’s consumer electronics chain has posted lower quarterly profits and revenue through the first half of its current fiscal year, which began in February, as consumers have reined in spending on electronics amid sharply higher prices for necessities like food and gas. Wall Street expects the economic trends continued to weigh on Best Buy in the third quarter. The company serves up its quarterly results Tuesday.