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Best Buy cuts annual sales forecast

May 29, 2025 4:19 AM

May 29 (Reuters) - Best Buy ( BBY ) slashed its annual

comparable sales forecast on Thursday, on signs that consumer

demand for big-ticket items such as appliances, home theater and

gaming consoles will be pressured by U.S. tariffs.

The top U.S. electronics retailer expects fiscal 2026

comparable sales in the range of down 1%-to-up 1%, compared to

its prior expectation of flat-to-up 2%.

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