Best Buy: Tariffs Could Cut Comparable Sales by 1 Point

Best Buy said Tuesday (March 4) that the U.S. tariffs on China that went into effect Feb. 4 could have a negative impact of about one point of comparable sales if they remain in place for a full year.This is the consumer electronics retailer’s estimate based on the information it has now, but the company did not include the impact of recently added or potential tariffs in its guidance for its fiscal year 2026, which was released Tuesday, because the situation is “highly dynamic,” Best Buy CEO Corie Barry sa ...