A solid quarter at Best Buy overshadowed by outlook grown cloudy with tariffs
NEW YORK (AP) — Best Buy posted a solid second quarter that exceeded Wall Street expectations, but that was overshadowed by an outlook that has grown cloudy due to massive tariffs the U.S. is imposing on imported goods.
Company shares slid more than 6% Thursday after the company stuck to 2025 guidance it had issued earlier this year despite the big quarterly beat. The Richfield, Minnesota, company cited the potential impact of tariffs on its business and customers.