Nov 26 (Reuters) - Best Buy ( BBY ) cut its annual
profit and sales forecast on Tuesday, in a sign that the holiday
shopping season would be marked by aggressive discounts and
tepid demand for pricey electronics such as televisions and home
theater systems.
The U.S. electronics retailer now expects annual comparable
sales to decline between 2.5% and 3.5%, compared with its
earlier forecast of a decline between 1.5% and 3%.
Best Buy ( BBY ) expects annual adjusted profit per share of $6.10
to $6.25, compared with earlier target of $6.10 to $6.35.
(Reporting by Juveria Tabassum; Editing by Sriraj Kalluvila)