Best Buy Shares Drop as Company Cuts Profit Outlook Amid Tariff Concerns
TL;DR Summary
Best Buy has lowered its full-year sales and profit forecasts due to increased costs from tariffs on electronics, which have also impacted quarterly earnings and sales, as the company navigates ongoing trade policy uncertainties and aims to enhance customer experience and operational efficiency.
- Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics CNBC
- Best Buy (BBY) Stock Falls After Trimming Outlook on Hit From Tariffs Bloomberg.com
- Best Buy’s stock drops after it cuts profit outlook on tariff impact MarketWatch
- Best Buy trades lower after cutting guidance due to tariff assumptions MSN
- Best Buy (BBY) To Report Earnings Tomorrow: Here Is What To Expect Yahoo Finance
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