Best Buy Predicts Dip in Sales Amid ‘Incredibly Fluid' Tariff Outlook
Despite its customers’ resilience, Best Buy expects sales to dip this year because of tariffs.The electronics retailer released quarterly earnings Thursday (May 29), projecting yearly revenue of 41.9 billion, below past guidance of 42.2 billion.Best Buy has warned that its vendors could pass along higher costs to the chain, which would mean raising prices.Executives said Thursday that the company is adjusting its supply chain to reduce its dependency on China, a subject o ...