Brambles Ltd (BXB.AU) saw its stock price plummet 5.12% in Monday's trading session following the company's announcement of lowered revenue guidance for the fiscal year. The global pallet giant cited economic uncertainty and weakening consumer demand, particularly in the United States, as key factors behind the adjustment.

The company revised its sales revenue growth forecast for the 12 months through June to between 4% and 5% on a constant-currency basis, down from the previous projection of 4% to 6%. Brambles, which generates more than half of its global revenue from its Americas division, reported that U.S. like-for-like volumes fell by 1% compared to the previous year, reflecting adverse weather conditions and increasing macroeconomic uncertainty in the third quarter.

Despite the lowered revenue outlook, Brambles maintained its guidance for underlying net profit growth between 8% and 11%. The company also raised its free cash flow guidance range to $900 million-$1 billion, up from $850 million-$950 million, citing lower like-for-like volumes and improved efficiency leading to reduced capital expenditure. CEO Graham Chipchase noted that the impact of tariffs on consumer sentiment had affected existing-customer demand in most regions during February and March, and expects uncertainty to persist through the June quarter.