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Viewing post by Tim_Cookie

Tim_Cookie 7 months ago neutral

Best Buy cuts profit outlook due to tariffs and is already hiking prices.

https://www.cnbc.com/2025/05/29/best-buy-bb...

Best Buy misses Q2 earnings expectations and cut guidance, blaming higher costs due to tariffs. CEO Corie Barry claims raising prices is "a last resort", but it only makes sense that additional taxes are passed onto the consumer. Otherwise it would be shareholders shouldering the weight.

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