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Consumer companies are bracing for lower profits as tariffs force shoppers to rethink spending
CMGChipotle Mexican Grill(CMG) CNBC·2025-04-25 01:14

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 ...