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Best Buy Says Tariffs May Lower Profits And Sales—Joining These Companies Warning Of Tariff Impacts
Forbes·2025-05-29 21:18

Best Buy became the latest company to warn about tariff impacts.Best Buy on Thursday lowered full-year forecasts for profits and sales for the retailer’s fiscal year 2026, citing likely impacts of tariffs on business, becoming the latest company to flag concerns and cut projections, citing uncertainty over U.S. tariffs.Best Buy reported first-quarter earnings for fiscal year 2026 and lowered full-year sales and earnings projections, as CFO Matt Bilunas said the cuts were made to “incorporate the impact of t ...