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Retailers are walking a tightrope to convey they're looking to raise prices without actually saying they're raising prices.
Best Buy Co Inc BBY posted downbeat results for the first quarter.
MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Best Buy Co., Inc. (NYSE:BBY) has authorized the payment of a regular quarterly cash dividend of $0.95 per common share. The quarterly dividend is payable on July 10, 2025, to shareholders of record as of the close of business on June 19, 2025. The company had 211,299,033 shares of common stock issued and outstanding as of May 3, 2025.
Major U.S. equities indexes ticked higher after a federal court blocked the "reciprocal" tariffs imposed by President Donald Trump—though that hold was ultimately itself put on ice.
Despite its customers' resilience, Best Buy expects sales to dip this year because of tariffs. The electronics retailer released quarterly earnings Thursday (May 29), projecting yearly revenue of $41.1 billion to $41.9 billion, below past guidance of $41.4 billion to $42.2 billion.
Best Buy (BBY) shares tumbled more than 8% to lead S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs.
BBY tops Q1 earnings estimates but trims FY26 outlook on tariffs. Focus shifts to Marketplace, Ads & boosting operational efficiency.
Dividend stocks are outperforming the S&P 500 in 2025. hese dividend payers are trading lower today, giving investors an opportunity to add these names at a potential discount.
U.S. consumer electricals giant Best Buy missed quarterly revenue expectations and cut its full-year sales and profit guidance amid the impact of higher tariffs.
U.S. stocks traded mostly higher midway through trading, with the S&P 500 gaining around 0.4% on Thursday.