Corporate earnings reports are revealing significant shifts due to the unpredictable economic landscape attributed to President Trump's tariffs. Companies like Procter & Gamble and PepsiCo have lowered their earnings forecasts, citing volatility and uncertainty in both consumer markets and geopolitical dynamics. P&G's sales growth forecast now stands flat for fiscal year 2025, marking a considerable decrease from previous projections. Similarly, PepsiCo expresses concerns over rising production costs and subdued consumer spending, indicating a challenging market ahead that will impact their operational costs.
"We will have to pull every lever we have in our arsenal to mitigate the impact of tariffs within our cost structure and P&L," P&G's CFO, Andre Schulten, said on a call with reporters.
"We're making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands and the markets where we compete," CEO Jon Moeller said.
"As we look ahead, we expect more volatility and uncertainty, particularly related to global trade developments, which we expect will increase our supply chain costs," CEO Ramon Laguarta said.
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