The increase was less than expected as the company was impacted by “choppy” consumer demand.

Operating income was up 5.7% to $313m (£211m), while net income remained stable at $155m (£104.5m). Like-for-like store sales rose 2.8%.In the US, the retailer reported a like-for-like store sales gain of 1.9%. Like-for-like store sales at Best Buy Europe were up 5%, while China gained 30%, but Canada slumped 2%.