New York (AP) – Price concerns continue to drag businesses when they report their latest financial results and try to provide advice on their way to come.
A few Prices remain in place Against the main American trade partners, but others have been postponed to give the nations of the time to negotiate. The tariff and commercial image continues to change and it makes it difficult for companies and investors to make a reliable assessment of any impact on costs and sales.
Apparently, few industries or companies are spared uncertainty. Food and drinking companies, pharmaceutical companies and household basic products manufacturers are among the many companies trying to assess the potential impact on costs and sales.
A new survey by The Associated Press-Noc Center for Public Affairs Research shows that companies are right to focus on prices. About 6 out of 10 American adults are “extremely” or “very” concerned with the cost of the grocery store in the coming months, while around half are very concerned about the cost of big purchases, such as a car, a mobile phone or a device
Here is what companies say about prices and their potential impact:
Procter & Gamble
Procter & Gamble, the manufacturer of products such as Crest toothpaste, TIDE detergent and hygienic paper from Charmin, said Thursday that he could do everything he could to reduce the higher costs of President Donald Trump’s extensive tariffs, from the implementation of supply to the development of the formulation to avoid duties.
But P&G financial director Andre Schulten told journalists on a call that the consumer products giant will probably have to have higher prices for buyers in July.
The consumer products giant has reduced its annual financial prospects after reporting a drop in sales, especially in the United States and Western Europe, during the last quarter, due to a decline in consumer spending rather than concerns about prices as well as overall financial concerns about employment safety and mortgage rates.
“Everything plays in consumer behavior,” said Schulten. “The uncertainty about the stock market and what their 401K is worth and what the portfolio is worth. Uncertainty about economic perspectives and what it means for their livelihoods and the labor market. ”
Pepsi
Pepsico has lowered his expectations of profits in full yearQuoting the increase in prices costs and a decline in consumption expenditure.
The manufacturer of Pepsi Beverages and Frito-Lay Snacks said that he is now expecting his basic profit per share even with last year. Previously, he expected percentage growth halfway.
A 25% price on Imported aluminum is among those who strike Pepsico and other drinks manufacturers. The company provides for “high levels of volatility and uncertainty” for the rest of this year.
Cripple
Merck has reduced her profits for the year, although she has maintained her advice for income.
The pharmaceutical giant has a global scope. Half of its income comes from the American market, the rest of the world constituting the other half, according to Factst. The company expects the prices to be implemented to cost the company around 200 million dollars.
American airlines
American Airlines has withdrawn its profits for the year in the middle of uncertainty on the economy.
Although prices may not have a direct impact on airlines and other companies in the travel sector, they could cause a change in consumer spending. Prices generally make goods more expensive and this could force consumers to tighten their budgets and focus more on necessities, while reducing discretionary articles and services, such as travel.
Southwest Airlines
Southwest Airlines reduces its flight calendar for the second half due to the drop in demand. The company also declared that it could not reaffirm its prospects of 2025 and 2026 for the benefits before interest and taxes, taking into account “the current macroeconomic uncertainty”.
Dow
The Dow chemical company expects to see delays in purchases from companies and consumers in the midst of economic uncertainty focused on prices.
“The world markets while waiting for additional clarity in the way in which the rates and global trade negotiations will land,” CEO Jim Fitterling said in a statement.
The company delays the construction of an installation in Alberta in Canada and provides capital saving of about $ 1 billion in this decision. It also extends a continuous examination of its assets in Europe, including installations in Germany and the United Kingdom
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The writers of the Associated Press Dee-Ann Durbin, Anne of Nnocenzio and Michelle Chapman contributed to this report.
