Adidas Slumps, Kering Rises, Danone Soars
On this episode of Stock Movers:- Adidas shares plunge as much as 8.6%, the most in over three months after the footwear giant reported weaker than expected revenue growth which offset a margin beat. The lack of guidance upgrade is driven by increased tariff uncertainty and is a further disappointment. - Kering shares rose 2.7% after the luxury-goods maker reported better-than-expected operating profit but plunging sales at Gucci which is undergoing a second design revamp in three years.- Danone shares gained the most in three years after sales beat expectations as the French consumer goods…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.