Reported 1 day ago
Tapestry's stock is under pressure after the luxury retailer's annual profit forecast fell short of expectations due to a projected $160 million impact from tariffs. In contrast, Birkenstock reported surprisingly strong earnings thanks to price hikes addressing tariff pressures. Meanwhile, Coherent's shares declined after a lackluster first fiscal quarter forecast, accompanied by plans to divest its aerospace and defense unit for $400 million.
Source: YAHOO