Best Buy (BBY) said on its Q4 earnings conference call that if the 10% China tariff stays in effect, the company would see a 1% negative SSS impact, based on early analysis. Says international trade “critical,” but notes that Best Buy directly imports 2%-3% of overall assortment. Says tariff situation “highly dynamic.”
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBY:
- Best Buy sees FY26 adjusted EPS $6.20-$6.60, consensus $6.60
- Best Buy increases quarterly dividend 1% to 95c per share
- Best Buy reports Q4 adjusted EPS $2.58, consensus $2.41
- Options Volatility and Implied Earnings Moves Today, March 04, 2025
- Best Buy sees Q1 comparable sales down slightly vs. last year