Coty Withdraws Guidance as New CEO Launches "Curated" Turnaround Strategy
CoverGirl owner Coty scraps 2026 outlook and unveils strategic reset under new CEO Markus Strobel. Shares fall 10% as company refocuses on core prestige brands.
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Amazon Plans $200B AI Spending Spree as Investors Push Back
Amazon announces massive $200 billion capital expenditure plan for 2026, focusing on AI infrastructure. Stock drops 8% as investors question timing of returns on AI investments.
Ralph Lauren Stock Drops Despite Strong Q3 Earnings Beat
Ralph Lauren shares fall 9% as growth slows and tariff concerns mount, despite beating Q3 expectations with $2.4B revenue and raised full-year outlook.
Tapestry Stock Soars on Strong Coach Sales and Raised Outlook
Tapestry (TPR) beats Q2 earnings with Coach brand driving 25% growth. Company raises FY2026 guidance as Gen Z embraces Tabby handbags despite Kate Spade struggles.
Peloton Shares Drop as New AI Products Fail to Boost Sales
Peloton (PTON) stock fell 10% in premarket trading after weak Q3 revenue guidance and disappointing holiday sales despite launching new AI-powered fitness equipment.
Estée Lauder Raises Profit Outlook Amid Turnaround, But Shares Drop on Tariff Concerns
Estée Lauder (EL) increases earnings forecast to $2.05-$2.25 per share but warns of $100M tariff impact. Stock falls 12% as midpoint misses analyst expectations despite strong Q2 results.