'We haven't seen the worst of it': Retailers warn tariff impacts are far from over
American consumers are facing a new wave of pricing pressure as companies from food giants to hardware chains warn that tariffs are already making their way onto store shelves.
Retailers like Walmart (WMT), Target (TGT), and Best Buy (BBY) have all said in recent weeks that some tariff-related increases are starting to creep into the cost of groceries, home goods, and electronics.
Just this week, packaged food giant J.M. Smucker (SJM), home to such brands as Folgers, Dunkin', and Café Bustelo, warned of more price hikes after US coffee profits plunged 22% under tariffs.
Hormel Foods (HRL), the company behind Spam and Skippy, also flagged "the steep rise in commodity input costs" after missing earnings expectations in the quarter. Its stock fell 12% after the warning.
https://finance.yahoo.com/news/we-havent-seen-the-worst-of-it-retailers-warn-tariff-impacts-are-far-from-over-144106268.html
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