Best Buy Cuts Sales Outlook Amid Wrestle With Donald Trump's Tariffs
HuffPost
Many retailers have been grappling with how to manage their business at a time when new tariff developments are happening almost every day.
NEW YORK (AP) — Best Buy cut its annual outlook for profits and sales after the nation’s largest consumer electronics chain reported a profit decline and stagnating sales for its fiscal first quarter amid shoppers’ worries about the economy and tariffs.
The Minneapolis-based company reported net income of $202 million, or 95 cents per share, for the three-month period ended May 3.
That compares with $246 million, or $1.13 per share, a year ago.
Adjusted earnings was $1.15 per share.
Sales fell slightly to $8.77 billion from $8.85 billion.
The GOP senator claims it was “entirely lawful” that the U.S. military launched a follow-up strike to kill survivors of its first strike in the Sept. 2 attack.
The report comes as the defense secretary is engulfed in a controversy over a “double tap” strike on an alleged drug smuggling boat.
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The illustrated image is... something.
“These are serious charges, and that’s the reason we’re going to have special oversight,” said Sen. Roger Wicker, the Republican chair of the Senate Armed Services Committee.
The network's senior medical analyst put an inventive twist on the president's drowsy appearance during his Cabinet meeting.
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The Pentagon knew there were survivors after a September attack on an alleged drug boat in the Caribbean Sea and the U.S. military still carried out a follow-up strike.