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Tariff Impact Tracker from Earnings Calls

Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.

Micron Technology, Inc.

MU2025-12-17SemiconductorsGlobal
Negative

Any impacts that may occur due to potential new tariffs are not included in our guidance.

Guidance Impact
The company does not factor potential tariff impacts into their financial guidance.

General Mills, Inc.

GIS2025-12-17Food & BeverageNorth America
Neutral

Tariffs certainly comfortably within that range.

Cost Impact
Tariffs are expected to add 1% to 2% headwind to base inflation.

Costco Wholesale Corporation

COST2025-12-11RetailGlobal
Neutral

Our buyers continue to do an excellent job finding new and exciting items at great values while also adjusting our assortment to minimize the impact of tariffs.

Supply Chain
The company is changing the country of production for some items and sourcing more from US suppliers to mitigate tariff impacts.
Operations
The strategies include consolidating buying efforts globally to lower costs across all markets.

lululemon Athletica Inc.

LULU2025-12-11RetailNorth America
Negative

We will have a full year of increased tariffs and the removal of the de minimis provision, offset, obviously, by the actions the team is taking to mitigate those expenses.

Cost Impact
Increased tariffs and removal of the de minimis provision are expected to put pressure on operating margins.
Financial Impact
Estimated $190 million net impact from tariffs, affecting overall profitability.

Synopsys, Inc.

SNPS2025-12-10TechnologyChina
Negative

the cumulative impact of restrictions is something that we are seeing and seen in '25 that has had an impact

Revenue Impact
Reduced sales in China due to trade restrictions affecting overall revenue growth.
Supply Chain
Challenges in sourcing materials and components for operations due to tariff-related restrictions.

AutoZone, Inc.

AZO2025-12-09AutomotiveNorth America
Negative

we're continuing to experience higher costs due to tariffs, that impact our LIFO layers.

Cost Impact
Higher costs associated with tariffs are impacting the company's LIFO layers and gross margins.

Campbell's Company

CPB2025-12-09Food and BeverageGlobal
Negative

We continue to expect a significant impact from tariffs.

Cost Impact
Tariffs had a 200 basis point negative impact on the adjusted gross profit margin in the quarter.
Financial Impact
The gross impact of tariffs to Q1 adjusted EPS was $0.14.
Guidance Impact
Fiscal 2026 guidance continues to include the expected tariff impact and related mitigating actions.

Samsara

SAM2025-12-04TechnologyNorth America
Neutral

They didn't think it was going to have much of a change in how they were behaving.

Operations
Customers continue to seek ways to extend the lifespan of their assets due to rising costs, but not directly linked to recent tariffs.

CIBC

CM2025-12-04Financial ServicesNorth America
Negative

Ongoing trade negotiations present uncertainty in Canada and abroad.

Guidance Impact
Uncertainties from trade negotiations could affect future guidance and economic growth.
Cost Impact
Trade headwinds have led to higher provisions in the performing allowance.

Cooper Companies

COO2025-12-04Medical DevicesGlobal
Negative

Gross margin declined marginally as expected, to 66.2% driven by tariffs and product mix, partially offset by positive foreign exchange.

Cost Impact
Tariffs have negatively affected gross margins.
Guidance Impact
Lower gross margins due to tariffs are factored into future earnings guidance.
🔔Tracking Started: This page tracks tariff commentary from NYSE and NASDAQ companies with market capitalization above $10 billion, beginning April 2, 2025.