Current location:Global Graph news portal > style
Dr. Martens stock plunges after dour US revenue outlook
Global Graph news portal2024-04-30 09:38:58【style】0People have gathered around
IntroductionNEW YORK (AP) — Chunky bootmaker Dr. Martens is warning of a tough year ahead.Dr. Martens shares plu
NEW YORK (AP) — Chunky bootmaker Dr. Martens is warning of a tough year ahead.
Dr. Martens shares plunged more than 30% Tuesday after the iconic British brand forecast wholesale revenue in the U.S., its largest market, would decline by double-digits compared with last year.
Trading in Dr. Martens stock was temporarily halted on the London Stock Exchange early Tuesday as it sank to a record-low 0.64 pounds, according to FactSet.
That could translate into a sizeable hit to profits, with the company pointing to a base projected impact of 20 million pounds ($24.9 million) on pretax earnings year-over-year. In-season orders from wholesale customers could help ease U.S. revenue expectations, the company noted, but those are difficult to predict.
Address of this article:http://setylasabo.allesfuersjagen.com/article-88f899013.html
Very good!(728)
Related articles
- Chinese ballet to illuminate Dutch stadium
- Isla Phillips: The little royal and great
- Time for some Royal R&R! King Charles and Queen Camilla arrive in Aberdeen for a restful
- Time for some Royal R&R! King Charles and Queen Camilla arrive in Aberdeen for a restful
- Scarred UNESCO World Heritage site Jiuzhaigou recovers after quake
- Lady Tatiana Mountbatten
- Meghan Markle continues to wear neutral clothing four years on from the Sussex's 'freedom flight'
- King Charles's call for all able
- Entire mall in Georgia is closed after 'shots are fired inside
- US House passes controversial surveillance bill on 4th attempt
Popular articles
Recommended
Israeli airstrike kills 14 in Gaza's refugee camp
From gadget king to royal Luddite
HKFP Lens: Hong Kong through the eyes of photojournalist Wong Kan
Archbishop of Canterbury says Kate Middleton conspiracy theories are nothing more than 'old
Nicaragua severs diplomatic relations with Ecuador after assault on Mexican embassy
Kate and Charles' heart
Meghan Markle reads books to youngsters at Los Angeles Children's Hospital on Royal
Archbishop of Canterbury says Kate Middleton conspiracy theories are nothing more than 'old
Links
- Hayao Miyazaki's animated fantasy stays atop Chinese box office
- 2 injured in restaurant blast in China's Jiangsu
- China's GDP grew 5.3% in Q1, beating expectations
- North America witnesses total solar eclipse
- Iran launches large
- Chinese vice president meets Cambodian King, Queen Mother
- DPRK rules out summit with Japan, rejects more contacts: KCNA
- Record foreign visitors to Japan reported in February
- World Bank to further support health, nutrition in Laos
- Chinese boy bands eye global stardom under new deal