Best Buy Falls After Trimming Outlook on Hit From Tariffs

Best Buy Co. reduced its sales and profit outlook in response to US tariffs. But in a sign of the trade war’s volatility, that forecast might soon be outdated after a US court on Wednesday struck down many of President Donald Trump’s levies.

For what it’s worth, the company said comparable sales for the year will gain as much as 1%, down from a previous forecast of as much as 2%, assuming tariffs remain at current levels before any court-ordered changes. The retailer also cut its view on adjusted earnings.