Accenture Falls, Birkenstock Drops, CarMax Mixed After Flagging Margin Pressure
On this episode of Stock Movers:
- Accenture (ACN) shares fall after the IT services company gave an outlook that analysts said pointed to slower growth. It also reported first-quarter results that are seen as strong.
- Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs.
- CarMax (KMX) shares rise after said it will tolerate lower margins and boost ad spending to repair its business and attract buyers after slumping sales wiped out half of the used car retailer’s market value this year.
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