Reported 1 day ago
Best Buy Co., Inc. (BBY) has seen a significant decline in its stock value, attributed to tariff impacts and revised revenue forecasts. Jim Cramer pointed out that BBY’s shares dropped 13.8% year-to-date, with major selloffs stemming from a cut in fiscal 2026 revenue guidance due to tariffs. He expressed concerns over the company's long-term viability as tariffs might affect pricing and investor confidence amid changing market conditions.
Source: YAHOO