A solid quarter at Best Buy overshadowed by outlook grown cloudy with tariffs
August 28, 2025
Best Buy posted a solid second quarter that exceeded Wall Street expectations, but the performances was overshadowed by an outlook that has grown cloudy due to tariffs the U.S. is imposing on trading partners. Despite easily beating expectations, shares slid more than 6% Thursday after the company stuck to earlier guidance for 2025. The company cited the potential impact of tariffs. Comparable sales, a good barometer of a retailer’s health, increased 1.6%, better than the small decline that analysts had expected. Yet the company had been battered by online competition. CEO Corie Barry pointed out that it was the highest growth for same-store sales, which include online sales, in three years.