Best Buy sees margin pressure as online demand raises delivery spend

(Reuters) - Best Buy Co Inc said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.The company's shares, which have gained nearly 60% in the last two months, fell 3.5%. The electronics retailer was forced to shutter stores across the United States for weeks to help contain the spread of the coronavirus, but its outlets..