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Corporate execs are already talking about how Trump's election is shaking up their businesses
Corporate execs are already talking about how Trump's election is shaking up their businesses
Dominick ReuterNov 9, 2024, 03:24 IST
<p class="ingestion featured-caption">Donald Trump has made several campaign promises that could pose major headaches for importers.Brandon Sloter/Getty Images</p><ul class="summary-list"><li>Consumer-facing brands from Traeger to Yeti are addressing the election of Donald Trump.</li><li>On earnings calls, executives say they're adjusting their businesses ahead of possible tariffs.</li></ul><p>Businesses aren't just bracing for change under a second Donald Trump presidency — they're already announcing actions.</p><p>Executives at companies from Warby Parker to Traeger to Yeti say they're adjusting their businesses in consideration of some of Trump's campaign promises.</p><p>Discussion of tariffs on earnings calls reaching their highest levels since 2020, according to data from market intelligence platform <a target="_blank" class href="https://www.alpha-sense.com">AlphaSense</a>. In election week alone, the topic was mentioned in calls with nearly 300 companies around the world and across a broad range of industries.</p><p>Here is an overview of how some household-name brands are shaking up their businesses, from shuffling sourcing strategies to passing along anticipated cost increases to customers.</p>
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Yeti
Yeti brand cooler outdoors, Pleasant Hill, California, October, 2022.Gado/Getty Images
Steve Madden
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Warby Parker
Warby Parker.Interim Archives/Getty Images
Traeger Grills
The Home Depot
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e.l.f Beauty
e.l.f. Beauty is a beauty brand based out of the US.Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images