Citing flagging brand momentum, elevated inventory, shifts in channel mix and quality, and, of course, tariffs, The Big Cat now expects full-year revenue to decline in the low double digits rather than increase in the low to mid-single digits on a constant currency basis. The strengthening Euro will account for about 5% of the shortfall. An expected €80 million gross profit hit from tariffs, net of mitigation efforts, will contribute to an EBIT loss for the year. Earlier guidance forecast positive EBIT of €445 to €525 million. Currency headwinds, weaker demand, ... Log in to view full article.