Best Buy trims full-year guidance as tariffs weigh on sales
Best Buy Co Inc (NYSE:BBY) posted mixed earnings for the first quarter and cut its full-year sales and profit outlook as tariffs have increased the cost of electronics, sending its shares almost 10% lower. For fiscal 2026, the retailer now expects revenue in the range of $41.1 billion to $41.9 billion, down from its earlier guidance of $41.4 billion to $42.2 billion Comparable sales are expected to be -1% to 1%, compared to earlier guidance of flat to 2%.
Best Buy Stock Slips on Slashed Sales Outlook
Best Buy Co Inc (NYSE:BBY) reported a revenue miss for the first quarter, but the bigger news is a slashed full-year sales outlook, as the cost of electronics jumps due to President Donald Trump's tariffs.
Compared to Estimates, Best Buy (BBY) Q1 Earnings: A Look at Key Metrics
The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended April 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Best Buy (BBY) Q1 Earnings and Revenues Surpass Estimates
Best Buy (BBY) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.20 per share a year ago.
Best Buy First-Quarter 2026 Financial Results: Just the Numbers
Best Buy (BBY) reported fiscal 2026 first-quarter results before the bell Thursday. A summary of its key numbers is below.
Best Buy Cuts Guidance as Tariffs Loom
Best Buy cut its sales and profit forecast for the year to account for the global trade war.
Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics
Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics
Best Buy Stock Falls After Earnings. Fiscal-Year Guidance Cut to Account for Tariffs.
The retailer says both domestic and international comparable sales slip from the prior year.
Best Buy's stock drops after it cuts profit outlook on tariff impact
Best Buy's stock BBY fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs.
Will Earnings Results Move The Needle For Best Buy?
Best Buy's stock (NYSE: BBY) is set to announce its fiscal first-quarter earnings on Thursday, May 29, 2025, with analysts expecting earnings of $1.09 per share from $8.82 billion in revenue. This would indicate a 4% year-over-year decrease in earnings and a flat sales growth compared to the prior year's numbers of $1.13 per share and $8.85 billion in revenue.
Stay Ahead of the Game With Best Buy (BBY) Q1 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Best Buy (BBY) for the quarter ended April 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Best Buy: Tariff Environment Still Weighs On Outlook
Best Buy is likely to report weak fiscal Q1 results. The company anticipates negative comparable sales growth, and declining consumer confidence weighs on especially in April. Weaker consumer confidence and tariffs weigh on the FY2026 outlook. With tariffs excluded from Best Buy's current guidance, I expect that the 30% tariff on China will pressure the guidance. I estimate BBY stock to have 11% downside to $63.3.
