Workflow
Red Sea attacks add ‘element of uncertainty' for food retailers, says BMO
CHEFThe Chefs' Warehouse(CHEF) Market Watch·2024-01-29 21:18

The disruption caused by the Houthi attacks on cargo ships in the Red Sea could result in incremental costs for food retailers, according to BMO Capital Markets.“This adds an element of uncertainty for retailers (DLTR, TGT, WMT, COST, DG) as it relates to guidance/visibility in 2024, and if temporary, could add some incremental costs that companies may be reluctant to pass on given the rapid changes and uncertainty,” wrote BMO Capital Markets analyst Kelly Bania, in a note released Monday.However, BMO said ...