#SalesDrop

Vinetur Global

@vineturglobal.bsky.social

5 days ago

U.S. Wine Sales Plunge as Industry Fails to Attract New Drinkers Aging consumers and lack of entry-level appeal drive 27% drop in wine sales volume since 2019

U.S. Wine Sales Plunge as Industry Fails to Attract New Drinkers #USWineSales #WineIndustry #AgingConsumers #WineTrends #SalesDrop

Vinetur Global

@vineturglobal.bsky.social

4 months ago

Pernod Ricard Sales Drop 14.3% in First Quarter but Beat Market Expectations Currency headwinds and weak demand in China and the U.S. weigh on results as premiumization strategy continues

FYI: Pernod Ricard Sales Drop 14.3% in First Quarter but Beat Market Expectations #PernodRicard #SalesDrop #MarketExpectations #Premiumization #ChinaMarket

Vinetur Global

@vineturglobal.bsky.social

4 months ago

Pernod Ricard Sales Drop 14.3% in First Quarter but Beat Market Expectations Currency headwinds and weak demand in China and the U.S. weigh on results as premiumization strategy continues

Pernod Ricard Sales Drop 14.3% in First Quarter but Beat Market Expectations #PernodRicard #SalesDrop #MarketExpectations #Premiumization #FinanceNews

Profit Trading USA

@profittradingusa.bsky.social

8 months ago

Click Subscribe. #China #Smartphones #Apple #SalesDrop #ForeignBrands

Profit Trading USA

@profittradingusa.bsky.social

9 months ago

Stock market sinks after Target reports sales drop - CBS News Stock market sinks after Target reports sales drop  CBS News

Click Subscribe #StockMarket #Target #SalesDrop #BusinessNews #EconomicImpact

Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Michelin’s sales drop less than expected despite volume slump By Mathias de Rozario (Reuters) -Tyre maker Michelin (EPA:MICP) reported a slightly smaller than expected drop in first-quarter sales as its core automotive, scooters and motorcycles division outperformed. Michelin’s sales fell 1.9% from a year earlier to 6.52 billion euros ($7.40 billion), compared with a forecast of 6.43 billion euros in a company-provided consensus. "Volumes were down 7.3% due to lower original equipment sales in all segments, prolonging the trend observed in second-half 2024," the French company said. Chief Financial Officer Yves Chapot said in a call with analysts, they were expecting the original equipment market to improve slightly in the second half of the year for their core Automobile and Two-wheel segment which includes mainly tyres for cars, light trucks, motorcycles and scooters. Sales in the segment, rose by 1.2%, driven by growing sales in replacement tyres while its truck and speciality businesses segments were falling 3.5% and 7.3% in the quarter. The group continue to be impacted by a slowdown in the automotive market, especially in Europe. "Demand for new vehicles continued to be held back by persistent uncertainty about regulations governing the market’s transition towards hybrid and electric technologies, as well as by consumers’ reduced purchasing power," Michelin said. The group, which employs more than 23,500 people at its production sites across the U.S. and Canada has, since March, been facing tariffs imposed by U.S. President Donald Trump. "We have already made sure ... that some flows, either raw material or some components between some countries have been redirected, for example, between the US and China, or minimized in the other way in order to protect ourselves," Chapot said. "Looking particularly at the US market, which represents 30% of our sales, 70% of what we sell in the USA is built in the USA, and this percentage is going up to 85% if we include Canada," he added. ($1 = 0.8807 euros)

Click Subscribe #Michelin #SalesDrop #StockMarket #InvestmentNews #EarningsReport

Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Click Subscribe #Kering #StockMarket #Investing #Q1Results #SalesDrop

Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Kering reports 14% sales drop in first quarter as Gucci sales slide further PARIS - Kering (EPA:PRTP) reported on Wednesday a bigger-than-expected decline in first-quarter revenue, the latest set of disappointing results from the luxury group as its star label Gucci continues to struggle amid a worsening economic environment. Group revenue in the first three months of the year amounted to 3.88 billion euros ($4.40 billion), an organic year-on-year decline of 14%, the Paris-based group said. A Visible Alpha consensus of analysts cited by HSBC had forecast a 9.7% drop. "We are increasing our vigilance to weather the macroeconomic headwinds our industry faces," Chairman and CEO Francois-Henri Pinault said in a statement. Sales at Italian fashion house Gucci, which accounts for about half of total group revenue, were down 25%, below analyst expectations of a 19% decline. Kering’s results were the latest signs the luxury sector could be headed for another tough year following U.S. President Donald Trump’s recent tariff announcements, which sparked fears of a recession, while sales in China, another crucial luxury market, remain weak. Kering has closed 25 stores so far this year, finance chief Armele Poulou told journalists on a call, adding that the company was determined to further streamline its operations and shed underperforming boutiques. Trends in Asia, where sales were down by 25%, were in line with those of the last quarter, while Western Europe and North America, both down 13%, saw a sequential deceleration, Kering said. The group, which also owns fashion brands Yves Saint Laurent, Bottega Veneta and Balenciaga, has been facing pressure from financial markets after a string of profit warnings last year as it tries to revive its core Gucci brand. Its shares have lost over 60% of their value since the first warning in March 2024. In an effort to reverse the fortunes at Gucci, its former cash cow which lost market share and almost a quarter of its revenue last year, Kering recently named in-house talent Demna as the label’s new design chief, triggering another share selloff from investors who had hoped for a prominent external hire. Demna has already started working with Gucci teams, Poulou said. She, however, declined to say when the designer’s first collection will be shown on the catwalk. Should you invest $2,000 in PRTP right now? ProPicks AI are 6 model portfolios created by Investing.com which identify the best stocks for investors to buy now. The stocks that made the cut could produce monster returns in the coming years. Is PRTP one of them?

Click Subscribe #Kering #Gucci #SalesDrop #FashionIndustry #LuxuryFashion

YesPunjab.com

@handle.invalid

10 months ago

Signature Global's Q4 sale bookings drop a massive 61 pc to Rs 1,620 crore - Yes Punjab News Signature Global reports a 61% YoY drop in Q4 FY25 bookings to ₹1,620 crore, citing project delays. Liabilities and expenses continue to worry investors.

Signature Global's Q4 sale bookings drop a massive 61 pc to Rs 1,620 crore yespunjab.com?p=114949

#SignatureGlobal #RealEstateNews #Q4FY25 #MarketUpdate #StockWatch #InvestorAlert #NSE #FinancialResults #RealEstateIndia #SalesDrop #ProjectDelay

Slava Bonkus #ElonSucksSoHard

@bonkski.bsky.social

1 year ago

Not to forget about Australia that saw the biggest drop in #TeslaSales by 75%!🇦🇺💪
#Tesla #TeslaSales #TeslaCars #SalesDrop #FuckTesla
#FuckElon #ElonMusk #Elon #Musk #PresidentMusk #SissySpaceX #SpaceKaren
bsky.app/profile/bonk...

Slava Bonkus #ElonSucksSoHard

@bonkski.bsky.social

1 year ago

Thanks for the numbers, did an English version & a meme!✌️
#Tesla #TeslaSales #TeslaCars #SalesDrop #FuckTesla
#FuckElon #PresidentMusk #SissySpaceX #SpaceKaren bsky.app/profile/bonk...

Slava Bonkus #ElonSucksSoHard

@bonkski.bsky.social

1 year ago

What Tesla sales doing?🤣🍿 #TeslaSalesDrop
#Tesla Sales January 2025 compared to Jan 2024
Switzerland -27 %
California -36 %
Norway- 38 %
Germany -60 % (4 % of all sales, before 14%)
France -63 %
#PresidentMusk #Musk #Elon #ElonMusk #TeslaNews #TeslaSales #TeslaCars #SalesDrop #FuckTesla #FuckElon

Nemeciii@mastodon.social

@nemeciii.bsky.social

1 year ago

Elon's Bizarre Behavior Is Killing Tesla's Sales Tesla sales are falling off a cliff in key markets around the world — as its CEO Elon Musk continues working overtime to tank its reputation.

How long will it take before Musk is replaced as Tesla CEO?

futurism.com/the-byte/elo...

#Nazi #Tesla #BrandValue #SalesDrop

Vinetur Global

@vineturglobal.bsky.social

1 year ago

LVMH sees significant drop in wines and spirits revenue Division reports 11.2% contraction in sales for 2024

FYI: LVMH sees significant drop in wines and spirits revenue: Division reports 11.2% contraction in sales for 2024 #LVMH #Wines #Spirits #Revenue #SalesDrop