Best Buy Falls Short: Sales, Earnings Miss As Tariff Pressures Mount

1. BBY's Q1 2026 earnings missed expectations, reporting $8.77 billion in sales. 2. Comparable sales declined by 0.7% year over year, driven by home theater and drones. 3. Domestic online revenue increased 2.1%, now 31.7% of total domestic revenue. 4. Fiscal 2026 adjusted earnings guidance lowered to $6.15-$6.30 per share range. 5. BBY stock is trading down 2.54% in premarket, currently at $69.70.