Best Buy down 13% after a guarded assessment of prospects
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Best Buy's stock dropped 14% following a cautious annual outlook, citing weak demand for expensive electronics due to tariffs and changing consumer priorities. The company expects lower sales and earnings, influenced by inflationary pressures.
March 04, 2025 | 3:45 pm
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Best Buy's stock fell 14% after the company issued a cautious outlook, warning of weak demand for expensive electronics due to tariffs and inflation. The company expects lower sales and earnings.
Best Buy's stock is directly impacted by the company's announcement of a cautious outlook, which includes lower than expected sales and earnings due to weak demand for high-ticket items and inflationary pressures. This has led to a significant drop in stock price.
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