Five consumer stocks poised to gain from SCOTUS tariff ruling

The Supreme Court ruled that Trump cannot use the International Emergency Economic Powers Act to justify tariffs. Jefferies said the decision is a positive for consumer discretionary stocks, with the removal of IEEPA tariffs introducing a meaningful margin tailwind across its coverage.

Questions remain around remedies, most notably whether companies will be entitled to refunds for duties already paid. Jefferies named Signet Jewelers as a primary beneficiary. The company sources roughly half of its inventory from India, and its weighted‑average tariff exposure falls to 0% from 15.1%, creating an opportunity for margin expansion and earnings growth.

Yeti, which had nearly 15% exposure concentrated in its US revenue, told investors the IEEPA tariffs cost $0.35 in earnings per share, a pressure the ruling would remove. Sharkninja had proactively mitigated tariff impact by diversifying its supply chain, supply concessions, strategic pricing, and promotions, but still faced tariff‑related margin headwinds.

United States, India

supreme court, ieepa, tariffs, consumer discretionary, jefferies, signet jewelers, yeti, sharkninja, margin expansion, refunds