Story perspectives

Best Buy Lowers Revenue Forecast Amid Tariff Challenges

5/31/2025

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Summary

Story summary

Best Buy missed revenue targets and revised its full-year guidance due to tariffs.
CFO Matt Bilunas forecasts comparable sales growth between -1% and +1%, with adjusted operating income at 4.2%.
The new revenue forecast for FY26 is $41.1 billion to $41.9 billion, lower than earlier estimates.
CEO Corie Barry highlighted strategic priorities to improve customer experience and operational efficiency.
Sales fell in home theater, appliances, and drones, but computing and mobile categories showed growth.

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Story summary

Best Buy missed revenue targets and revised its full-year guidance due to tariffs.
CFO Matt Bilunas forecasts comparable sales growth between -1% and +1%, with adjusted operating income at 4.2%.
The new revenue forecast for FY26 is $41.1 billion to $41.9 billion, lower than earlier estimates.
CEO Corie Barry highlighted strategic priorities to improve customer experience and operational efficiency.
Sales fell in home theater, appliances, and drones, but computing and mobile categories showed growth.