Piper Sandler analyst Peter Keith recently downgraded Best Buy to neutral from overweight with a price target of $75, down ...

President Trump's tariff policies, while boosting federal revenue, are pressuring companies to increase prices, impacting consumers directly. Major retailers like Best Buy and Walmart are expected to ...

The retailer has already increased prices on some products to offset tariff-related cost increases. Best Buy also has worked to offset the impact by negotiating with its suppliers to reduce costs ...

In its most recent earnings report, released in early March before Trump's escalated tariffs took hold in early April, Best Buy CEO Corie Barry projected that prices for consumers would rise ...

Best Buy’s net income in the three-month period ending May 3 declined about 18% $246 million to $202 million from the same period last year. First-quarter revenue dropped from $8.85 billion from ...

Best Buy CEO Corie Barry reaffirmed the company’s long-term commitment to healthcare during the earnings call, despite short-term challenges. “The strategy of the health business is enabling ...

Best Buy CEO Corie Barry's compensation rose 12% to $16 million in 2024, mostly in stock awards. The company faces an uncertain 2025 as it navigates tariffs and economic volatility.