Gloomy Retail Earnings Show Consumers Are Feeling the Pinch of US Tariffs
Lackluster quarterly results from consumer-facing companies including McDonald's and Harley-Davidson are the latest sign that American shoppers are curbing spending amid shifting U.S. trade policies.
McDonald's posted a surprise decline in quarterly global sales on Thursday and said it was navigating the "toughest of market conditions". It echoed recent warnings from restaurant operators Domino's Pizza, Chipotle Mexican Grill and Starbucks that Americans were spending less on dining out.
Cosmetics maker Estee Lauder forecast a bigger-than-expected drop in fiscal 2025 sales, while motorbike maker Harley-Davidson joined a spate of companies this week in pulling forecasts, citing the uncertain macroeconomic environment...
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