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

Dow Jones

29 May

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2539252831"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2539252831\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2539252831?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-29 19:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2539252831","market":"fut","top_or_hot":-1,"title":"Best Buy's Stock Drops After It Cuts Profit Outlook On Tariff Impact -- MarketWatch","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Best Buy \n</p>\n<p>\n     Best Buy's stock <a href=\"https://laohu8.com/S/BBY\">$(BBY)$</a> fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs. \n</p>\n<p>\n     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. \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>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Best Buy's Stock Drops After It Cuts Profit Outlook On Tariff Impact -- MarketWatch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBest Buy's Stock Drops After It Cuts Profit Outlook On Tariff Impact -- MarketWatch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-29 19:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Best Buy \n</p>\n<p>\n     Best Buy's stock <a href=\"https://laohu8.com/S/BBY\">$(BBY)$</a> fell 2.3% in premarket trading on Thursday after the electronics retailer cut its full-year profit guidance due to the impact of tariffs. \n</p>\n<p>\n     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. \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\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. 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.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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4588":"碎股","BBY":"百思买","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4076":"电脑与电子产品零售","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC"},"translate_title":"百思买因关税影响下调利润预期后股价下跌——MarketWatch","themeId":"fad89315863dac5328e3a0b4ba766f1c","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBY":1},"content_text":"Best Buy \n\n\n     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. \n\n\n     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. \n\n\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\n\n     Best Buy's first-quarter adjusted earnings of $1.15 a share topped the analyst projection of $1.09 a share. \n\n\n     -Steve Gelsi \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n     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. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 29, 2025 07:10 ET (11:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}