Best Buy revenues in the first quarter fall 8.7% to $9.89B. Profits down due to supply chain, lower margin on Totaltech service.

From TVs to washing machines, Best Buy will come to customers' homes to pick up old technology for recycling.

Best Buy Q4 2022 sales fall 2.6% to $14.99B, but ends fiscal year up 9.5%.. Company predicts revenue decline of 1% to 4% this year.

Best Buy reports slower growth with lower profit margins due to price pressures on its TotalTech membership program.

Buying opportunities exist in the custom electronics industry for the first time in decades, with 3X to 5X EBITDA multiples being paid for solid companies.

Best Buy acquires Current Health, an in-home wellness technology health platform based on a wearable armband device.