Consumer companies are bracing for lower profits as tariffs force shoppers to rethink spending
In this articleCMGKDPLUVUALA Chipotle store stands in the Bronx on April 23, 2025 in New York City.Spencer Platt | Getty ImagesFrom Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer.At least a dozen companies have cut or pulled their full-year outlooks so far this earnings season, with several more weeks of quarterly reports still on deck.For many companies, tariffs mean higher ...