Best Buy reports declining sales and forecasts higher prices due to economic uncertainty and potential tariffs.

Best Buy reported another quarterly sales decline as consumers cut back on spending on gadgets and appliances due to economic uncertainty. The company has lowered its annual sales and profit forecasts and expects higher prices due to potential new tariffs. Best Buy's CEO, Corie Barry, noted that the company may pass these costs onto customers. Shares in Best Buy fell nearly 8% following the announcement.

November 26, 2024
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