FILE PHOTO: A sign marks a Best Buy store in Salem, New Hampshire, U.S., November 25, 2019. REUTERS/Brian Snyder
(Reuters) -Best Buy Co Inc raised its annual sales forecast on Thursday, saying the latest round of stimulus checks had kept consumers buying home electronics, while acknowledging that a reopening economy threatens to slow growth later in the year.
Shares of the retailer, which also raised its fiscal 2022 share buyback forecast by $500 million to $2.5 billion, rose 4% in premarket trading.
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