Best Buy has slashed its annual profit and sales forecast due to the ongoing impact of tariffs introduced during the Trump administration. The retailer has already raised some prices to mitigate the effect on consumers but continues to face challenges as revenues dip. In its recent financial report for Q1, Best Buy posted earnings that beat estimates, yet the stock still experienced a significant decline following the announcement of lowered guidance. Executive comments highlight the volatile tariff landscape and its burdensome effect on the company’s outlook, prompting Best Buy to predict little to no growth in the near future.