Reported 28 days ago
UBS analysts caution that retail companies heavily reliant on goods from China may face significant earnings declines if Donald Trump's proposed tariffs are implemented. Specifically, Best Buy, Five Below, and Wayfair could see substantial reductions, with forecasts suggesting a 15% drop for Five Below, a 26% decline for Best Buy, and over 40% for Wayfair. Despite this, the analysts acknowledge that these companies might adapt to the economic changes, potentially mitigating the impact of the tariffs.
Source: YAHOO