Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

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Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

cnbc.com/2025/05/29/best-buy-bby-q1-2026-earnings-.html

Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells.
For its fiscal 2026, the retailer said it now expects $41.1 billion to $41.9 billion of revenue,…

This story appeared on cnbc.com, 2025-05-29 11:54:31.027000.