Best Buy (BBY) shares tumbled more than 8% to lead 澳洲幸运5官方开奖结果体彩网:S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs.

The retailer now sees fiscal 2026 revenue between $41.1 billion and $41.9 billion, below its prior guidance of $41.4 billion to $42.2 billion; 澳洲幸运5官方开奖结果体彩网:comparable sales ranging from down 1% to up 1%, versus flat to up 2.0%; and adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $6.15 to $6.30, down from $6.20 to $6.60. Despite the cuts, the midpoint♏s of Best Buy's new projections all were in line with or above Visible Alpha consensus estimates.

"Today we are updating our full-year guidance to incorporate the 澳洲幸运5官方开奖结果体彩网:impact of tariffs," Best Buy CFO Matt Bil🦹unas said. "Our underlying working assumptions are that tariffs stay at the curꦚrent levels for the rest of the year, and there is no material change in consumer behavior from the trends we have seen in recent quarters."

Best Buy gets a large portion of its products from China and Mexico, both of which have been hit by the tariffs imposed by President Donald Trump. China accounted for 55% and Mexico 20% of the company's sourcing in its fiscal 2025, according to its annual report.

Best Buy Reports Mixed Q1 Results

The lowered full-year projections came as the retailer reported mixed first-quarter results, with adjusted EPS of $1.15 to﷽pping Visible Alpha estimates but🥂 revenue of $8.77 billion falling short. Comparable store sales fell 0.7% year-over year, far greater than the projected 0.2% decline.

Best Buy shares are down nearly 25% this year.