Best Buy Cuts 2025 Profit Outlook: Tariffs Force Price Increases

Best Buy (Image via Getty)

Best Buy, America’s largest consumer electronics retailer, delivered sobering news to investors in May 2025 when it significantly reduced its annual profit and sales outlook amid mounting pressure from tariffs. The Minneapolis-based company’s decision to cut projections reflects the broader challenges facing retailers as they navigate an increasingly complex trade environment that’s forcing difficult decisions…

Published
Categorized as Wealth