Best Buy Beats Q1 Earnings Estimates, Cuts FY26 Guidance on Tariffs
Best Buy Co., Inc. (BBY) reported first-quarter fiscal 2026 results, wherein revenues were in line with the Zacks Consensus Estimate and earnings surpassed expectations. However, both metrics declined year over year, and enterprise comparable sales also fell. The company revised its full-year guidance downward, citing the impact of tariffs.Despite these challenges, Best Buy remains committed to its strategic roadmap, which focuses on elevating the omnichannel experience of customers, scaling revenue streams ...