Consumer companies declined as tariffs weighed on some chain's growth outlooks.
Macy's cut its full-year earnings guidance to account for global tariffs and some moderation in consumer spending, but reported a smaller decline in sales than expected for the spring quarter.
Fashion firm Capri Holdings, which owns Michael Kors and Versace brands, among others, cut its fiscal 2026 revenue forecast well below Wall Street expectations, citing tariff and currency headwinds. Youth fashion chain Abercrombie & Fitch raised the upper end of its sales projection for the year after strong spring sales.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-28-25 1747ET
