By Katy Barnato

A batch of big-name companies have sliced or withdrawn their financial guidance this earnings season, citing global trade uncertainty and the impact on consumers. Others have provided weak or cautious forecasts, in part due to the macroeconomic environment. And one or two have surprised investors by raising their guidance.

Here's a look at the companies who weighed in this week:

Designer fashion

Capri Holdings: The fashion conglomerate, which owns Michael Kors, Jimmy Choo and Versace, sliced its revenue forecast and warned that tariff-related uncertainty was likely to weigh on demand. (Read more on how luxury brands are paying the price for high prices.)

Retailers

Best Buy: The electronics retailer sliced its annual sales and profit forecast, and said it had raised prices to offset tariff-related costs. Demand for affected products has held up so far, said Best Buy's chief executive.

Macy's: The department-store chain cut its annual earnings guidance to account for levies and moderating consumer spending. Shoppers are buying more this month to get ahead of coming price rises, the company said.

Packaged food

Hormel Foods: The maker of Spam and Skippy peanut butter trimmed its annual earnings outlook. The company said tariffs could dent its top line by 1 -2 cents a share in the back half of the year.

Cosmetics

Ulta Beauty: The cosmetics and fragrance company raised its annual outlook, with customers willing to trade down in other discretionary areas before cutting spending on their appearance. "Many consumers indicate that they're leaning into beauty as a comfort and escape from the stress of macro uncertainty," the CEO said.

Computer hardware

HP: The PC maker cut its annual outlook, citing higher-than-expected levy costs and moderating demand. It plans to both raise prices and boost efforts to relocate production. It expects nearly all its North American items to be built outside of China by the end of next month.

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(END) Dow Jones Newswires

May 30, 2025 12:17 ET (16:17 GMT)

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