Thai Union lowers sales forecast due to US tariffs

Thai Union has lowered its yearly income forecast successful the look of US tariffs imposed by President Trump.

The seafood giant’s erstwhile filings anticipated a 3-4% year-on-year income growth, which the institution has present changed to maturation of 1-3%.

The US medication has implemented a 10% baseline import tariff connected each countries, though suspended it for 90 days, but for China.

Thai Union said it is among the exporters straight impacted by the tariffs.

“This argumentation displacement has affected aggregate exporting countries and contributed to accrued marketplace volatility,” said the John West marque owner.

“As a result, the institution has adjusted its 2025 line to bespeak the implementation of the US tariffs, incorporating a full-year script of 10% level tariff.”

Thai Union said successful a connection that owed to its planetary footprint, it is well-positioned to negociate imaginable disruptions.

The institution said the archetypal 4th was a “challenging period, impacted by dynamic and analyzable geopolitical and macroeconomic conditions”.

Sales fell 10.3% to Bt29.78bn ($902.3m). Thai Union said its income dropped 6.9% connected an integrated basis, reflecting little income from its ambient, frozen and value-added businesses. The radical said its “petcare” part “delivered mean growth”.

The institution reported nett net fell by 11.6% to Bt1.01bn.

However, Thai Union’s gross nett borderline roseate to 18.7% from 17.3% successful the archetypal 4th of 2024.

Yesterday, European frozen-food radical Nomad Foods lowered its full-year 2025 gross and adjusted EBITDA guidance, citing macroeconomic uncertainty and different challenges.

The Birds Eye food fingers supplier expects integrated gross maturation of 0-2%, down from the previous forecast of 1-3%.

Adjusted EBITDA maturation is besides projected to dilatory to 0-2%, compared with the earlier guidance of 2-4%.

"Thai Union lowers income forecast owed to US tariffs" was primitively created and published by Just Food, a GlobalData owned brand.

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