Ferrari Says Tariffs May Reduce Profits—Joining These Companies Warning Of Tariff Impacts

Core Insights - The luxury car maker Ferrari has indicated that U.S. tariffs pose a potential risk to its profitability, reflecting broader concerns among various companies regarding the impact of tariffs on earnings and financial forecasts [1][2] Company-Specific Summaries - Ferrari: The company noted a potential risk of a 50 basis points reduction to earnings in 2025 due to the introduction of import tariffs on European cars into the U.S. [2] - Mattel: The CEO expressed uncertainty about the evolving tariff situation and announced a pause on full-year guidance, indicating potential price increases for toys if necessary [3] - Ford: The automaker expects tariffs to reduce its earnings before interest and taxes by approximately $1.5 billion in 2025 and has suspended its full-year guidance due to potential supply chain disruptions [3] - Cummins: The company withdrew its 2025 forecast, citing growing economic uncertainty driven by tariffs [4] - Apple: The company anticipates a $900 million hit to its bottom line in the second quarter due to tariffs, complicating future predictions [4] - Amazon: The company stated that its future results are "inherently unpredictable" due to global economic conditions and tariff policies [5] - General Motors: The company lowered its earnings forecast for 2025 to between $10 billion and $12.5 billion, down from $13.7 billion to $15.7 billion, adjusting to the new trade policy environment [6] - McDonald's: Reported a 3.6% decline in U.S. same-store sales in the first quarter of 2025, the largest decrease since 2020, attributing it to consumer uncertainty [6] - Stellantis: Suspended its full-year financial guidance for 2025 due to tariff-related uncertainties [6] - Mercedes: Pulled its full-year outlook for 2025, citing high volatility regarding tariff policies [6] - UPS: Withdrew its full-year guidance after previously forecasting revenue of $89 billion for 2025, citing macroeconomic uncertainty [6] - Kraft Heinz: Lowered its full-year outlook due to a volatile operating environment influenced by tariffs and inflation [7] - JetBlue: Pulled its full-year outlook for 2025 due to macroeconomic uncertainty [7] - Snap: Declined to issue guidance for its second quarter, citing uncertainty in macroeconomic conditions affecting advertising demand [8] - Volvo: Warned that 2025 would be challenging due to macroeconomic and geopolitical developments, including tariffs [9] - PepsiCo: Lowered its earnings forecast for 2025, expecting more volatility and higher supply chain costs due to tariffs [9] - Procter & Gamble: Lowered its sales growth projections for the year, citing a challenging consumer and geopolitical environment [9] - American Airlines: Took a cautious approach to growth after pulling its full-year guidance, citing significant weakness in demand due to economic uncertainty [9] - Skechers: Withdrew its full-year outlook, attributing it to macroeconomic uncertainty from global trade policies [9] - Thermo Fisher Scientific: Withdrew its full-year profit forecast, expecting a $400 million hit in sales to China due to tariffs [10] - Chipotle: Lowered its full-year same-store sales growth expectations, anticipating reduced consumer spending due to economic concerns [11] - Alaska Airlines: Pulled its full-year 2025 guidance due to recent economic uncertainty [11] - Southwest Airlines: Withdrew guidance for 2025, citing macroeconomic uncertainty [11] - United Airlines: Held its full-year forecast but issued a lower earnings guidance for 2025 due to unpredictable economic conditions [11] - Logitech: Withdrew its outlook for the 2026 fiscal year due to ongoing tariff uncertainty [11] - Walmart: Announced it would pull forecasts for operating income, citing a growing range of outcomes due to tariffs [11] - Delta: Pulled its full-year guidance due to broad macro uncertainty [12]