Target CEO Brian Cornell warns that prices for fruits and vegetables will likely rise due to new tariffs, while Best Buy CEO Corey Berry anticipates eventual price increases for electronics. (Scripps

The stock’s close below its 20-month moving average is its first since May of 2024, but resembles the shift into a bear market in early 2022 very closely. That bear market resulted in a drop of 38% from Best Buy stock over a ten-month period.

Even as new tariffs on Mexico and China are poised to hit Best Buy harder than other retailers, the true extent of price increases consumers will face remains unclear.

Best Buy Co Inc (NYSE:BBY) shares are trading lower in premarket on Tuesday. The company reported a fourth-quarter sales decline of 4.8% year-on-year to $13.948 billion, beating the analyst consensus estimate of $13.

Consumer-electronics retailer Best Buy has taken a stab at estimating how much tariffs could hit sales. The news isn't good. If the 10% tariffs on China that began in February remain in place all year,

Target Corp. y Best Buy Co. advirtieron a sus clientes que esperen precios más altos como resultado directo de los aranceles que el presidente de EE.UU. Donald Trump impuso a México, Canadá y China.