Why Best Buy Stock Tumbled on Thursday
It's safe to say many investors felt that Best Buy (NYSE: BBY) stock wasn't an especially good buy on Thursday. Although the company posted second quarter of fiscal 2026 results that topped analyst estimates, it signaled that it remains vulnerable to the tariffs being imposed by the Trump administration.
As a result, its shares lost nearly 4% of their value that trading session, while the S 500 (SNPINDEX: ^GSPC) inched up by 0.3%.
Best Buy's revenue for the period was slightly under $9.44 billion, which was up from the nearly $9.29 billion in the same quarter of fiscal 2025. That improvement was on the back of a 1.6% year-over-year rise in comparable sales -- the company's highest growth rate in three years. This, in turn, was fueled by a relatively sharp (5%) increase in online commerce.
Source Fool.com
