BBY Stock Recent News

Shares of Best Buy (BBY -12.75%) plunged on Tuesday, following a robust earnings report with a side of worrisome management comments. The stock price dropped by as much as 15.9% in the morning session, recovering to a 13.2% loss by 1 p.m.

BBY's fiscal fourth-quarter results reflect lower y/y revenues. The gross margin expands 40 bps to 20.9% in the quarter.

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.

The heads of major retail companies are warning that their profits could be impacted by tariffs and that prices could rise, some as soon as this week.

Best Buy (BBY) shares plunged nearly 15% to lead S&P 500 decliners Tuesday when the electronics retailer warned that new tariffs and inflation will negatively impact sales.

Best Buy Co Inc (NYSE:BBY) shares tumbled 14% on Tuesday after the retailer issued a cautious annual outlook, warning of sluggish demand for high-ticket electronics amid tariff concerns and shifting consumer priorities. The company forecasted annual comparable sales and earnings below market expectations, citing inflationary pressures that are keeping shoppers wary of big purchases like appliances and gaming consoles.

Best Buy Co., Inc. (NYSE:BBY ) Q5 2024 Earnings Conference Call March 4, 2025 8:00 AM ET Company Participants Mollie O'Brien - Head of Investor Relations Corie Barry - Chief Executive Officer Matt Bilunas - Chief Financial Officer Jason Bonfig - Senior Executive Vice President, Customer Offerings and Fulfillment Conference Call Participants Christopher Horvers - JPMorgan Brian Nagel - Oppenheimer Jonathan Matuszewski - Jefferies Michael Lasser - UBS Investment Bank Anthony Chukumba - Loop Capital Markets Oliver Hu - Barclays Steven Forbes - Guggenheim Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to Best Buy's Fourth Quarter of Fiscal 2025 Earnings Conference Call.

The headline numbers for Best Buy (BBY) give insight into how the company performed in the quarter ended January 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

CNBC's Jim Cramer breaks down why he's keeping an eye on shares of Best Buy.

Best Buy (BBY) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.72 per share a year ago.