Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.
That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.
Total revenue fell 3% to $10.5bn (£6.63bn), down from $10.86bn (£6.86bn). That was partly due to a 2.2% decline in domestic operations and a 4.7% fall in international revenues. Like-for-like sales were down 3.2%, hit by an 8.2% fall in Best Buy’s overseas operations.