Birdwatch Note Rating
2021-11-26 16:24:24 UTC - HELPFUL
Rated by Participant: E9FA3618E5EF5961394CD4D435DC2E992A6071E7CE9DA8B0D2776210EB1164CA
Participant Details
Original Note:
Best Buy CEO Corie Barry stated the margin decline was due to higher costs because of supply chain issues and low inventory. Loss prevention was a problem, as stated on the earnings call, but not the main driver of lower margins. https://www.zdnet.com/article/best-buy-q3-better-than-expected-but-gross-margins-under-pressure/
All Note Details