Brand expects 50 per cent fall in operating income year-on-year.
Goods sourced from Indonesia and Vietnam become problematic.
Stock reduction remains core to turnaround strategy.
Tariffs hit brands with outsourcing differently, says CEO.
Q1 revenue fell 4 per cent to $1.1 bn, while Q2 sales are projected to drop 6–7 per cent, with EPS far below forecasts.Brand expects 50 per cent fall in operating income year-on-year.
Goods sourced from Indonesia and Vietnam become problematic.
Stock reduction remains core to turnaround strategy.
Tariffs hit brands with outsourcing differently, says CEO.
Q1 revenue fell 4 per cent to $1.1 bn, while Q2 sales are projected to drop 6–7 per cent, with EPS far below forecasts.
