Best Buy reported a 4.7% decline in fourth-quarter revenue to $13.9 billion, despite a 0.5% increase in comparable sales. Operating income plunged 61.3% to $217 million, and net income dropped by about 75% to $117 million. CEO Corie Barry noted that upcoming tariffs on imports, particularly from China, could lead to higher consumer prices and uncertain sales. Best Buy forecasts revenue between $41.4 billion and $42.2 billion for the fiscal year but acknowledges potential negative impacts from tariffs. The company continues to adapt its store strategy while facing increasing competition.

Source: https://www.supplychaindive.com/news/best-buy-warns-tariffs-price-spikes-earnings/741918/