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Best Buy expected to report further declines in fourth quarter earnings as the chain braces for tariff impact

News Snapshot:

Best Buy (BBY) is attempting to turn around a three-year decline in sales growth, but the Street is not convinced the results are coming just yet. On Tuesday before the market open, the electronics retailer is expected to report its fourth quarter results. Same-store sales is estimated to decrease 1.45% "as a result of macroeconomic stress on spending for discretionary goods, especially big-ticket items," Telsey Advisory Group's Joe Feldman wrote in a note. This would be the 13th consecutive quarter of negative same-store sales growth. Bank of America analyst Robert F. Ohmes told clients in a note that service revenue…

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