Best Buy reports modest sales recovery, but says tariffs are complicating its turnaround
1. Best Buy surpassed revenue and earnings expectations, but maintains full-year forecast. 2. Tariff uncertainty affects outlook, forecasting $41.1B to $41.9B revenue for FY2026. 3. Annual sales have declined for the past three years amid changing consumer habits. 4. New third-party marketplace launched to enhance product selection and spur growth. 5. Comparable sales rose 1.6%, but some categories face weaker performance.