The company said it’s aware of a move by a panel of judges to block some of the tariffs put into place by President Donald Trump but said it’s too early to factor in any potential changes to the current tariff regime.

Best Buy cut its annual outlook for profits and sales on Thursday 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.

Best Buy cut its sales and profit guidance for 2025 due to the ongoing uncertainty caused by the trade war sparked by President Donald Trump. The Richfield-based electronics retailer adjusted its projected revenue for 2025 down to $41.