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GM and Snap join a rising number of companies lowering or outright ditching guidance as tariff chaos grows. Here's the list.
Procter & Gamble now forecasts flat sales growth in fiscal year 2025, compared to a previous projection of a 2% to 4% ...
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Decreased consumer spending threatens Chipotle’s bottom line
NEWPORT BEACH, CALIF. — Despite an increase in first-quarter revenue compared to the same period last year, Chipotle Mexican Grill has seen a drop in comparable sales at its restaurants, which the ...
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Chipotle Gets 'Hold' Downgrade On Soft Revenue, Consumer Uptake: Retail Very Optimistic
Shares of Chipotle Mexican Grill (CMG) fell 1.7% on Monday, after investment firm Argus lowered its rating on the company, ...
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The U.S. economy is teetering on stagflation’s edge
The U.S is careening toward a potential recession, propelled by a dramatic escalation in trade barriers, including ...
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Scott Abraham
Scott Abraham is the 7News Sports Director. He joined 7News in January 2016 as a Sports Reporter/Anchor. Scott was born and raised in Utica, NY. He attended Syracuse University graduating from the ...
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These companies are lowering or outright ditching guidance as tariff chaos grows
Related stories "In February, we began to see that the elevated level of uncertainty felt by consumers are starting to impact their spending habits," interim CEO Scott Boatwright said on the ...