Best Buy's Stock Drops After It Cuts Profit Outlook On Tariff Impact -- MarketWatch

Dow Jones

05-29

Best Buy

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.

Best Buy now expects adjusted fiscal 2026 earnings of $6.15 a share to $6.30 share, down from its earlier estimate of $6.20 a share to $6.60 a share. Analysts currently expect Best Buy to earn $6.13 a share, according to FactSet data.

Best Buy said its first-quarter same-store sales fell 0.7%, worse than the analyst estimate for a drop of 0.4%.

Best Buy's first-quarter adjusted earnings of $1.15 a share topped the analyst projection of $1.09 a share.

-Steve Gelsi

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 29, 2025 07:10 ET (11:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts currently expect Best Buy to earn $6.13 a share, according to FactSet data. \n</p>\n<p>\n     Best Buy said its first-quarter same-store sales fell 0.7%, worse than the analyst estimate for a drop of 0.4%. \n</p>\n<p>\n     Best Buy's first-quarter adjusted earnings of $1.15 a share topped the analyst projection of $1.09 a share. \n</p>\n<p>\n     -Steve Gelsi \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 07:10 ET (11:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0868494617.USD","symbol_name":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539252831","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539252831","pubTimestamp":1748517000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Best Buy's stock  fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs.Best Buy now expects adjusted fiscal 2026 earnings of $6.15 a share to $6.30 share, down from its earlier estimate of $6.20 a share to $6.60 a share. 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