(Reuters) -Sysco maintained its annual forecasts despite beating first-quarter estimates on Tuesday, reflecting growing concerns about the impact of economic uncertainty on the food distributor’s foodservice customers.

WHY IT’S IMPORTANT

The rising inflationary prices triggered by the Trump administration’s ever-shifting trade policies are turning Americans, especially lower-income households, thriftier and are increasingly looking to cut expenses by eating more meals at home.

However, higher-income consumers remaining resilient while splurging on vacations, hotels, entertainment venues as well as restaurants, helped consumer spending in the U.S. rise slightly more-than-expected in August.

The moderate improvement in restaurant foot traffic, a key customer segment for Sysco, led to the

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