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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

General Mills

GIS2025-06-26Food & BeverageNorth America
Neutral

we expect to be able to mitigate some of the effects of tariffs, but not all within the year.

Cost Impact
Tariffs will have a drag on financial performance from a timing perspective, although they are not expected to have long-term structural impacts.

Micron Technology

MU2025-06-25TechnologyGlobal
Neutral

Some customers may have some level of tariff-related pull-ins.

Revenue Impact
Customers pulled in orders in anticipation of potential tariffs, leading to a modest increase in demand.

Paychex

PAYX2025-06-25Human Capital ManagementNorth America
Negative

Many businesses are frozen as they wait for more clarity about a number of macro issues such as tariffs, inflations and taxes.

Strategy
Businesses are delaying decisions due to uncertainty around tariffs, impacting their spending.
Cost Impact
Increased caution among businesses could lead to cost-cutting measures affecting service demand.

FedEx

FDX2025-06-24LogisticsGlobal
Negative

customer concerns increased and as a result, volume softened. In early May, upon tariff implementation, China to US volumes deteriorated sharply.

Revenue Impact
Significant reduction in volumes on the China to US lane due to tariffs leading to decreased international export revenue.
Guidance Impact
Expectations for revenue growth are dampened due to ongoing trade policy impacts, particularly from the transpacific lane.

Accenture

ACN2025-06-20ConsultingGlobal
Negative

I am talking to CEOs every day... there was this whole narrative that about like a pause and sitting on the sidelines, and I would tell you it was very short.

Revenue Impact
Clients are hesitant due to tariff uncertainties, which is affecting their spending and investment decisions.
Cost Impact
Increased operational costs due to changing trade policies impacting client project scopes.

The Kroger Co.

KR2025-06-20RetailNorth America
Neutral

Tariffs have not had a material impact on our business so far, and given what we know today, we do not expect them to going forward.

Cost Impact
While tariffs may affect some suppliers, Kroger is working proactively to avoid raising prices for customers.

CarMax, Inc.

KMX2025-06-20AutomotiveNorth America
Positive

we saw an uptick at the end of the quarter when there was speculation about the tariffs.

Revenue Impact
The anticipation of tariffs led to increased customer activity and sales in the period.
Cost Impact
Potential cost increases due to tariffs have been mentioned as a consideration in pricing strategies.

Jabil Inc.

JBL2025-06-17ManufacturingGlobal
Neutral

We're now obviously having a lot of discussions, but no pull-in of significance.

Strategy
The company is adapting its manufacturing strategies to navigate potential tariff impacts.
Supply Chain
The company is collaborating with customers to manage supply chain complexities arising from tariff uncertainties.

Chewy, Inc.

CHWY2025-06-11E-commerce (Pet Supplies)North America
Neutral

we continue to embed in our guidance minimal expected impact from tariffs.

Guidance Impact
Tariffs are factored into guidance with minimal expected effects on 2025 outlook.

The J.M. Smucker Company

SJM2025-06-11Food and BeverageGlobal
Negative

the current U.S. tariff impact on green coffee is our largest exposure that we will manage on top of navigating record-high costs for the commodity.

Cost Impact
Tariffs are expected to increase costs related to green coffee, which is a primary input for the company's coffee products.
Guidance Impact
The anticipated impact from tariffs has been factored into the company's fiscal year 2026 guidance, affecting earnings projections.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.