Scottish food giant Walker's Shortbread reports profit drop amid tariffs and rising costs

Scottish food producer Walker's Shortbread reported a significant drop in its latest financial accounts, with profits more than halving due to trade barriers and inflation. The Aberlour-based manufacturer cited major cost increases across ingredients, labor, and energy utilities, alongside softer consumer demand and cautious retail ordering. The company also identified US tariffs imposed during the Donald Trump administration as a key factor impacting its performance in the American market. Despite the macroeconomic pressures and operational headwinds, the iconic Scottish bakery maintained overall profitability during the period.

Sources: The Herald