PDD Holdings Inc.’s shares dived 18 percent after the Temu owner posted disappointing revenue and warned of declining growth, highlighting the challenges of sustaining its …
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Plunges
Hugo Boss Plunges After Slashing Outlook on China, UK Demand
Hugo Boss shares plunged to their lowest level since 2021 after the company slashed its profit guidance for the year, citing weakness in key markets …
Burberry Plunges as Company Slashes Profit Forecast
Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast due to a drop in sales in the key Christmas quarter. Adjusted …
Worldview: Li Ning Plunges on $282 Million HK Property Bet
🇨🇳 Li Ning plunges on $282 million HK property bet. Li Ning Co Ltd. shares plunged as investors disapproved of plans to buy a commercial …
Olaplex Plunges After Weak Demand Drives Guidance Cut
Olaplex Holdings Inc. shares sank in early trading after the haircare company cut its full-year sales guidance amid weak demand. “Retail channels experienced slower demand, …
Farfetch Stock Plunges Following 2023 Forecast
Farfetch on Thursday said it expects to return to growth next year after reporting its first year-on-year decline in sales on its platforms in the …
Zalando Plunges After Cutting Guidance on Worsening Economy
The German e-tailer’s shares tumbled the most in more than three years after Europe’s largest online retailer slashed its profit forecast, blaming worse-than-anticipated macroeconomic conditions. …
Ross Stores Plunges as Discount Retailer Cuts Profit, Sales Outlook
Shares of Ross Stores Inc. fell sharply in extended New York trading after the discount retailer cut its outlook for profit and sales. Ross said …