Home / Business and Economy / Best Buy Battles Tariffs as Shares Plunge on Guidance Cut
Best Buy Battles Tariffs as Shares Plunge on Guidance Cut
30 Aug
Summary
- Best Buy's shares down 13.8% YTD due to tariff impact
- Company cuts fiscal 2026 revenue guidance amid tariff concerns
- Cramer warns of potential dividend cut, citing Whirlpool's struggles
As of August 30th, 2025, Best Buy Co., Inc. (NYSE:BBY) has seen its shares decline by 13.8% year-to-date, a result of two significant selloffs in March and April of this year. The March dip came after the company cut its fiscal year 2026 revenue guidance to a midpoint of $41.5 billion from an earlier $41.8 billion, citing the impact of tariffs. This guidance cut led to a 13.3% drop in the company's stock price.
In April, Best Buy's shares sank further by 25.8% during the broader market selloff, known as the "Liberation Day" event. Cramer, the well-known financial commentator, has discussed the challenges facing Best Buy, noting the company's "tariff problem" and the potential impact on its business.
Cramer has previously expressed interest in Best Buy, having included it in his Charitable Trust portfolio due to its high dividend yield. However, he now warns that the dividend may be in jeopardy, drawing parallels to Whirlpool's recent decision to slash its quarterly dividend from $1.75 to 90 cents per share. Cramer suggests that the tariffs and the broader slowdown in the PC refresh cycle have created a challenging environment for Best Buy, potentially putting the company's dividend at risk.
