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

Best Buy Co Inc BBY is trading lower Thursday after the retailer’s first-quarter 2026 earnings fell short of expectations.The company’s first-quarter sales fell around 1% (comparable sales fell 0.7%) year over year to $8.77 billion. It missed the analyst consensus estimate of$9.22 billion.Domestic revenue of $8.13 billion decreased 0.9%, primarily due to a 0.7% decline in comparable sales.The largest drivers of the comparable sales decline on a weighted basis were home theater, appliances, and drones, part ...