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2 Min Read (Reuters) - Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment on Thursday as it missed holiday-quarter sales estimates, sending its shares down 8%. The rise of home offices and a shift to remote learning by schools raised demand for laptops, webcams, and other computer equipment last year, making Best Buy one of the bigger retail winners of the COVID-19 pandemic. However, the consumer electronics retailer is unsure how the rollout of vaccines would affect consumer demand and shopping patterns, Chief Financial Officer Matt Bilunas said. “There is a high level of uncertainty related to the impacts of the COVID-19 pandemic that makes it difficult to predict how sustainable these trends will be,” he said.

Matt bilunasAditya soniUday sampathThomson reuters trust principlesMicrosoft corpSony corpBest buyCo incBuy co incBuy chief financial officer matt bilunasThomson reuters trustContent produced in bangaloreConsumer electronics retailers trbc level 5Company newsJob cutsPerformance results earnings