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Companies withdraw guidance amid Trump's tariffs
May 26, 2025 1:49 PM

(Adds Deckers Outdoor, Ross stores in paragraphs 48,61)

May 26 (Reuters) - The sweeping tariffs imposed by U.S.

President Donald Trump since April 2 and the subsequent pauses

on some of them have generated uncertainty for companies

worldwide, causing some to withdraw or refrain from giving

financial guidance.

Here is a list of companies that have made such moves:

AUTOS & TRANSPORTATION

AUTINS GROUP

The UK-based group, which sells components to carmakers, delayed

the release of its market guidance on April 29, citing

uncertainty caused by U.S. tariffs.

CUMMINS

The U.S. truck-engine maker withdrew its annual forecast on May

5.

FORD

The U.S. carmaker suspended its annual guidance on May 5, saying

the levies would cost the company about $1.5 billion in adjusted

earnings before interest and taxes.

GENERAL MOTORS

The U.S. car manufacturer cut its 2025 profit forecast on May 1,

two days after pulling its annual guidance even as it reported

strong quarterly results, as it received some clarity from the

White House on automotive tariffs.

On April 29 it also paused plans to buy back $2 billion of

shares in the first half of the year, pending more clarity on

the economic situation.

MERCEDES

The German group on April 30 pulled its earnings guidance for

2025 as it posted sharply lower first-quarter profit.

POLESTAR

The U.S-listed Swedish EV maker paused its 2025 guidance on

April 30 as it braces for a potential hit from tariffs.

STELLANTIS

The French-Italian-American group on April 30 suspended its

guidance for a moderate recovery this year, after a profit drop

in 2024, and said it would review capital spending plans.

VOLVO CARS

The group, one of the most exposed European automakers to U.S.

tariffs, announced 18 billion Swedish crowns ($1.9 billion) in

cost cuts and a restructuring of its U.S. operations on April

29, and withdrew its earnings forecast for the next two years.

AEROSPACE & DEFENSE

ALASKA AIR GROUP

The Seattle-based airline on April 23 withdrew its full-year

financial forecast, citing macroeconomic uncertainty.

AMERICAN AIRLINES

The U.S. carrier pulled its 2025 financial forecast on April 24.

JETBLUE AIRWAYS

The U.S. airline group pulled its 2025 forecast on April 29,

saying economic uncertainties made it difficult to predict

travel demand.

DELTA AIR LINES

The U.S. carrier on April 9 withdrew its financial forecast for

2025, saying travel demand had "largely stalled" as tariffs

fuelled economic uncertainty.

FRONTIER GROUP

The parent of Frontier Airlines withdrew its full-year forecast

on April 11 and warned of a loss in the first quarter.

SOUTHWEST AIRLINES

The U.S. group pulled its financial forecast on April 23.

HEALTHCARE

BELLUSCURA

The U.S.-headquartered medical device maker on April 8 pulled

its guidance for 2025 due to U.S. tariffs on China.

UNITEDHEALTH GROUP

The company suspended its annual forecast due to surging

medical costs while CEO Andrew Witty resigned on May 13.

RETAIL AND CONSUMERS

AMERICAN EAGLE OUTFITTERS

The apparel company withdrew its annual forecasts on May 13 due

to economic uncertainty fueled by tariffs.

BEYOND MEAT

The California-based group withdrew its annual sales target on

May 7, citing weak consumer demand due to macroeconomic

volatility and high inflation in the U.S..

CHARACTER GROUP

The British toy maker abandoned its annual forecast on April 11,

saying it expected the tariff effects on China to be felt in the

second half of 2025.

CROCS

The U.S. footwear maker pulled on May 8 its 2025 outlook due to

macroeconomic uncertainties.

DECKERS OUTDOOR ( DECK )

The UGG boots maker did not provide

annual targets

on May 22 due to tariff-led macroeconomic uncertainty.

KRISPY KREME

The doughnut chain withdrew its 2025 forecasts on May 8 due to

macroeconomic softness and uncertainty around the McDonald's

deployment schedule

DIAGEO

The British spirits maker withdrew its medium-term organic sales

growth forecast on February 4, acknowledging a prolonged

downturn in demand and uncertainty over tariffs.

LOGITECH

The Swiss-American computer parts maker pulled its 2026

forecast on April 10, citing uncertainty stemming from Trump's

trade policies. It maintained its 2025 sales forecast.

MASCO CORP

The U.S.-based house improvement firm on April 23 withdrew its

annual profit forecast, after missing first-quarter sales and

profit estimates, hurt by macroeconomic uncertainty stemming

from Trump's tariffs.

MATTEL

The producer of the Barbie doll withdrew its annual financial

targets on May 5, adding it would increase prices for some

products in the U.S. to counter higher input costs due to the

Trump's tariffs on key trading partners.

ROSS STORES ( ROST )

The discount store operator on May 22

withdrew

its fiscal 2025 forecasts, saying that tariffs could take a

toll on its profitability this year.

SKECHERS

The footwear maker on April 24 withdrew its annual results

forecast, saying the Trump administration's erratic trade

policies were fuelling economic uncertainty

SPECTRUM BRANDS

The retailer company said on May 9 it does not have sufficient

visibility to continue providing an earnings framework for 2025-

SPIN MASTER ( SNMSF )

The Canadian toy maker withdrew its 2025 outlook on April 29

until the environment stabilises.

STEVEN MADDEN

The U.S. shoe maker pulled its 2025 guidance on May 7, citing

uncertainty due to the impact of tariffs on goods imported into

the U.S.

OTHERS

ALPHAWAVE IP GROUP

The British semiconductor company said on April 17 that it was

unable to provide a financial forecast for 2025 or beyond,

citing global economic uncertainty unleashed by U.S. tariffs.

ARM HOLDINGS

The UK-based chip maker decided not to issue full-year guidance

on May 8, due to lower visibility produced by uncertainty in the

global trade and economic picture.

AVERY DENNISON

The U.S. group, which makes packaging and labeling products such

as radio frequency tags, pulled its annual forecast on April 23,

adding it was shifting to quarterly projections because of

macroeconomic uncertainty.

PAGEGROUP

The British recruiter did not issue a financial forecast in its

quarterly statement on April 9 amid "increasingly unpredictable"

conditions.

($1 = 9.6483 Swedish crowns)

(Compiled by Alberto Chiumento in Gdansk. Editing by Milla

Nissi, Mark Potter, Sharon Singleton and Chizu Nomiyama)

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