The News In Brief
Peloton Shares Slide on Bigger-Than-Expected Q3 Loss
The fitness company now expects 2025 revenue between $2.46 billion and $2.47 billion, $7.5 million up from the previous forecast range.
Shopify Sees Second-Quarter Revenue Above Market Estimates
The Ontario-based e-commerce company forecast second-quarter growth in the mid-twenties percentage range.
Calvin Klein Names New President
PVH global head of operations David Savman will succeed Eva Serrano as the new head of Calvin Klein.
Olaplex Sales Continue to Slide
The prestige hair care company posted net income of $0.5 million, a steep drop from $7.7 million in the same quarter of 2024.
De Beers is Closing Its Man-Made Diamond Jewellery Business
De Beers is Closing Its Man-Made Diamond Jewellery Business
Warby Parker Reaches Full Profitability, Lowers Outlook
The eyeglass maker generated its first net profit as a public company in the first quarter of the year but slightly adjusted its revenue guidance for the year.
Coach Owner Tapestry Lifts Forecasts on Pricier Handbags, Low Tariff Impact
Tapestry’s shares jumped 10 percent in premarket trading after the conglomerate announced it had raised its 2025 revenue and profit forecasts for a third time this year due to its limited exposure to sweeping US tariffs and price increases for its popular Coach handbags.
Kenvue Beats Estimates on Healthcare Sales, Beauty Lags
While overall sales and revenue narrowly beat Wall Street expectations, sales in its skincare and beauty segment were softer.
Edward Enninful’s EE72 Launches Website, 72 Magazine
The former British Vogue editor-in-chief and his sister, talent agent Akua Enninful, will debut the print publication alongside an EE72 website in September.
Puma’s Earnings Meet Estimates in Boost for CEO-less Brand
The sportswear company maintained its 2025 outlook as sales came in at $86 million, down from last year but slightly ahead of analyst expectations.
Next Shares Hit Record as UK Customers Splurge Ahead of Summer
The British fast-fashion company’s shares rose to a record high after it raised its outlook for the second time this year, to $1.4 billion.
Steven Madden Pulls Outlook of Nearly 20% Growth Amid Trade War
The shoes and fashion accessories company has pulled its previous nearly 20 percent growth forecast amid Trump’s trade war, the latest US company to withdraw or reduce its annual guidance.