Thai Union Cuts Sales Outlook on Tariffs, Currency Volatility

Packaged food company Thai Union Pcl lowered its sales growth outlook, citing nagging macroeconomic factors including US tariffs and currency headwinds.

The company now expects full-year sales to be 2% to 4% lower than last year, compared to their previous forecast of down 1% to 2%, according to a earnings statement Monday. Shares fell as much as 1.5% in Bangkok.