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Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.
Despite Best Buy’s projection that tariffs will stay at the current levels for the rest of the year, the company doesn’t see a change in consumer behavior.
Best Buy released its quarterly earnings report on Thursday detailing its missed revenue earnings and the impact of tariffs on its full-year sales. Matt Bilunas, Best Buy CFO, said in a news ...
Best Buy faces flat sales growth and retail challenges amidst weak consumer spending. Read why I recommend staying on the ...
Best Buy (BBY) shares plunged nearly 15% to lead S&P 500 decliners Tuesday when the electronics retailer warned that new tariffs and inflation will negatively impact sales. In a transcript of its ...
"But the impact was even steeper than we estimated ... broadly about AI in general," she said. Tariffs could put Best Buy's sales at risk, too, if they result in higher costs for the company ...
Nintendo's new Switch 2 gaming device is giving US retailers a welcome shot of good-old-fashioned shopping enthusiasm, with ...
Best Buy kicked off Black Friday sales on Nov. 21 ... Best Buy has a team looking at how tariffs will impact its business, but she said that the retailer operates on very thin profit margins.
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NEW YORK – Sales and profits at Best Buy slid in the second ... Retailers including Best Buy are also now bracing for the impact from the ending of the student loan moratorium, which had ...
Comparable sales, defined by Best Buy as revenue from online sales and ... And I say that because that makes the estimation of the impact all the harder," Barry said. Barry said Best Buy will ...
“If there’s a 25% tariff, those prices will go up." Best Buy CEO: 'Tariffs could have a negative impact on sales' In an earnings call, Best Buy CEO Corie Barry expressed concerns about the ...