Shares in Birkenstock plunged 9% Thursday after the German shoe retailer warned tariffs will likely weigh heavily on its profit margins.The company – known for its chunky cork sandals – said it expects its annual gross margins will drop by a full percentage point due to US tariffs in the new fiscal year, which runs through Sept. 30, 2026.It expects adjusted earnings before interest, taxes, depreciation and amortization of at least 700 million euros, or roughly $821.8 million, with a margin of 30% to 30.5% – ...

Core Insights - Hyundai Motor experienced a 29% decline in third-quarter operating profit, primarily due to the impact of U.S. tariffs on the company [1] Company Summary - The decline in operating profit indicates significant challenges faced by Hyundai Motor in the current market environment [1] - The U.S. tariffs have been identified as a key factor negatively affecting the company's financial performance [1] Industry Summary - The automotive industry is facing increased pressure from tariffs, which can lead to reduced profitability for manufacturers operating in affected markets [1] - The situation highlights the broader implications of trade policies on global automotive companies [1]