Brambles Ltd (BXB.AU) saw its stock price plummet 5.12% in Monday's trading session after the global pallet giant lowered the top end of its annual revenue guidance. The company cited economic uncertainty and wavering consumer demand, particularly in the United States, as key factors behind the revised outlook.

In its latest update, Brambles announced it now expects sales revenue growth for the fiscal year ending June to be between 4% and 5% on a constant-currency basis, down from the previous forecast of 4% to 6%. The company's Americas division, which generates more than half of its global revenue, reported a 4% increase in pallet revenue for the first three fiscal quarters. However, like-for-like volumes in the U.S. 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 of 8% to 11%. The company also raised its free cash flow guidance range to $900 million-$1 billion, up from $850 million-$950 million, due to lower like-for-like volumes and improved efficiency leading to a reduced capital expenditure outlook. CEO Graham Chipchase acknowledged that the impact of tariffs on consumer sentiment had affected existing-customer demand in most regions during February and March, and warned that uncertainty is likely to persist through the June quarter.