Best Buy’s Outlook Clouded by Tariffs Despite Sales Rebound (2)

Best Buy Co. warned that tariffs continue to weigh on its business ahead of the crucial holiday shopping season, taking the shine off a quarter in which the electronics retailer boosted sales for the first time in more than three years.

The company reaffirmed its full-year financial guidance on Thursday, breaking from some other retailers that lifted their forecasts in recent days. Best Buy Chief Financial Officer Matt Bilunas said in a statement that its decision was driven by “the uncertainty of potential tariff impacts in the back half, both on consumers overall as well as our business.”

Its shares ...