Latest news with #salesoutlook
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
G-III Apparel Pulls Certain FY Outlooks on Tariffs
G-III Apparel GIII -2.57%decrease; red down pointing triangle backed its full-year sales outlook, but the company pulled all other guidance for the year due to uncertainty around tariffs and macroeconomic conditions. The company behind fashion brands DKNY, Calvin Klein and Tommy Hilfiger said Friday that current tariffs are expected to result in costs of about $135.0 million this year, largely concentrated in the latter half.
Bloomberg
09-05-2025
- Automotive
- Bloomberg
Bloomberg Businessweek Daily: Ford Pro's Outlook
Matt Atkenson, Ford Pro executive director for North American sales discusses the outlook for Ford's commercial fleet arm amid trade and tariff uncertainty and after Ford held back full year guidance. He speaks with Tim Stenovec.
Reuters
07-05-2025
- Automotive
- Reuters
BorgWarner lifts annual sales forecast on stronger foreign currency, tariff-driven recovery
May 7 (Reuters) - Auto parts supplier BorgWarner (BWA.N), opens new tab on Wednesday raised its annual sales outlook, citing expectation of stronger foreign exchange and tariff-fueled customer recoveries. Shares of the company rose about 3% in premarket trade. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. U.S. President Donald Trump's vacillating tariff policy has disrupted companies across sectors, particularly in the import-heavy auto industry. Industry peer Magna ( opens new tab plans to implement cost-saving measures to cushion a hit from the tariffs, while Dublin-based Aptiv 's forecast second-quarter profit above estimates. BorgWarner now expects annual net sales to be in the range of $13.6 billion to $14.2 billion, compared to its prior expectation of between $13.4 billion and $14.0 billion. The company said it expects stronger foreign currencies to lead to an increase in sales of $250 million compared to its prior forecast. On an adjusted basis, BorgWarner earned $1.11 per share in the first quarter ended March 31, compared with analysts' estimates of 98 cents per share, according to data compiled by LSEG. Overall quarterly sales fell about 2% to $3.5 billion from a year earlier, but outperformed estimates of $3.4 billion.
Bloomberg
07-05-2025
- Business
- Bloomberg
Steve Madden Pulls Annual Guidance on Trump Tariff Uncertainty
Steven Madden Ltd. pulled its sales and profit outlook for the year amid US President Donald Trump's trade war. 'We face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the US,' Chief Executive Officer Edward Rosenfeld said in the earnings release.
Bloomberg
06-05-2025
- Business
- Bloomberg
Kellogg Trims Outlook, Citing Weakened Consumer Demand
WK Kellogg Co. reduced its annual sales outlook, pointing to broader weakness amid declining demand for cereal. The company, owner of brands including Froot Loops and Frosted Flakes, said organic sales, which exclude currency changes and other items, will fall this year by as much as 3%. That's larger than the roughly 1% decline forecast in February.
