More companies than ‘normal’ are withdrawing guidance for the quarter as uncertainty about tariffs looms, UBS analyst says

Quick Summary:

CFOs "don’t have the visibility to provide discrete guidance for the quarter,” David Lefkowitz, head of US equities at UBS Global Wealth Management, told Morningstar.

The next day, British toymaker Character Group dropped its forecast because the companybehind beloved brands like “Peppa Pig” and “Teletubbies” expects the impact of tariffs on China to come through in Q2.

Walgreens was, admittedly, doing its own thing: The company withdrew guidance because of its upcoming acquisition.

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Article Details

Author / Journalist: Natasha Piñon, CFO Brew

Category: EconomyBusiness

Markets: United StatesChina

Topics: Tariffs Tariffs and trade Chief financial officer (CFO) Earnings Morning Brew

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 18:15:39 (4 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 498 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 125 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28001370

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