Best Buy cuts annual sales forecast
ReutersMay 29, 2025 11:03 AM
May 29 (Reuters) - Best Buy BBY.N slashed its annual comparable sales forecast on Thursday, on signs that consumer demand for big-ticket items such as appliances, home theater and gaming consoles will be pressured by U.S. tariffs.
The top U.S. electronics retailer expects fiscal 2026 comparable sales in the range of down 1%-to-up 1%, compared to its prior expectation of flat-to-up 2%.
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