Best Buy Cuts Guidance
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So if you’re ready to turn your back on the low-quality audio you TV’s built-in speakers are providing you, you can upgrade to the Insignia 2.0 channel soundbar for the low price of $50 over at Best Buy. That’s a nearly a 20% discount from its standard price of $60. You don’t need to spend oodles of cash to enjoy high-quality sound.
Best Buy adjusted its full year sales forecast amid tariff impacts, with revenue now projected between $41.1 billion and $41.9 billion for Fiscal Year 2026.
Best Buy has significantly reduced its sourcing of Chinese-made products as CEO Corie Barry stressed that the retailer needed to stay agile amid more tariff uncertainty.
Best Buy cut its annual outlook for profits and sales on Thursday after the nation’s largest consumer electronics chain reported a profit decline and stagnating sales for its fiscal first quarter amid shoppers’ worries about the economy and tariffs.
Best Buy shares tumbled more than 8% to lead S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs.
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Best Buy (NYSE: BBY) reported significant restructuring costs in Q1 as it overhauled its health care business, which is experiencing slower-than-expected
Best Buy slashed its full-year comparable sales and profit forecasts on Thursday amid concerns that U.S. tariffs would weigh on consumer demand for big-ticket items such as appliances, gaming consoles and home theaters.
Chief Executive Corie Barry said Best Buy's in-home health initiatives with healthcare industry partners have taken longer to develop than expected.
Best Buy is sending messages to Nintendo Switch 2 buyers to avoid canceling their pre-orders ahead of the upcoming release.