Retail & Consumer · Week of Nov 2, 2026
Consumer firms cut outlooks as Q3 results land: the week in retail
Consumer companies reported mixed third-quarter results, with several trimming outlooks, while Crocs and Graphic Packaging focused on recycled and paper materials.
Earnings dominated the week. Perrigo, Under Armour and Hamilton Beach Brands each revised full-year outlooks. Perrigo cited a planned Infant Formula divestiture, more measured retailer inventory positioning and softness in Europe. Under Armour lowered its expected gross margin improvement. Hamilton Beach Brands now expects flat 2026 revenue. Reynolds Consumer Products reiterated its guidance despite lower quarterly profit. Havertys raised its gross margin guidance after a quarter of higher sales and earnings.
Portfolio moves also featured. Perrigo agreed to sell its Infant Formula business for up to $175 million, and Reynolds completed the $110 million acquisition of Owl's Head Alloys. Outside earnings, Crocs and Graphic Packaging announced packaging and product material initiatives aimed at circularity and lower plastic use. AbbVie's Allergan Aesthetics presented study data on aesthetic treatment in patients taking GLP-1 medications.
Perrigo Company plc
Perrigo Reports Third Quarter 2026 Financial Results From Continuing Operations
Perrigo reported third-quarter 2026 All In net sales down 5.2% to $989 million and a reported diluted loss per share of $(0.10), and cut its Core adjusted EPS outlook to $2.15 to $2.35 from $2.25 to $2.55. After quarter-end it agreed to divest its Infant Formula business for up to $175 million, including $40 million upfront and up to $135 million contingent on net sales milestones through 2030.
AbbVie
Allergan Aesthetics Reports Improved Satisfaction With Facial Appearance Following Aesthetic Treatment in Two Studies of Patients on GLP-1 Medications
Allergan Aesthetics, an AbbVie company, presented two Phase 4 studies at ASDS 2026 showing improved FACE-Q Satisfaction With Facial Appearance among adults on GLP-1 medications, including a 42.4-point mean improvement in HARMONY IN DIVERSITY Cohort 2. The company says most treatment-related adverse events were mild and nonserious, and in the HALO interim analysis 95.7% were satisfied or very satisfied that they still looked like themselves.
Reynolds Consumer Products Inc.
Reynolds Consumer Products Reports
Reynolds Consumer Products reported third-quarter net revenues of $944 million, up from $931 million, while net income fell to $58 million from $79 million and Adjusted EPS was $0.39 versus $0.42. It reiterated full-year Adjusted EBITDA guidance of $660 million to $675 million and completed the $110 million acquisition of Owl's Head Alloys, funded by borrowings under its Revolving Credit Facility.
Under Armour, Inc.
UNDER ARMOUR REPORTS SECOND QUARTER FISCAL 2027 RESULTS
Under Armour said second-quarter fiscal 2027 revenue fell 7 percent to $1.2 billion, with declines in both North America and international, and it reported a net loss of $0.4 million. It now expects fiscal 2027 gross margin to rise 170 to 220 basis points, down from a prior 220 to 270, while holding adjusted operating income at $140 million to $160 million.
Haverty Furniture Companies, Inc.
Havertys Furniture Reports Operating Results for Third Quarter 2026
Havertys reported third-quarter diluted EPS of $0.39 versus $0.28 a year earlier, on sales up 4.5% to $203.2 million and comparable store sales up 4.1%. Gross margin of 62.3% included approximately $3.2 million in IEEPA tariff refunds, and the company raised full-year gross margin guidance to 61.3% to 61.5% and plans five store openings in the fourth quarter.
Hamilton Beach Brands Holding Company
HAMILTON BEACH BRANDS HOLDING COMPANY ANNOUNCES THIRD QUARTER RESULTS
Hamilton Beach Brands reported third-quarter revenue up 5.6% to $140.3 million and diluted EPS of $0.26 versus $0.12, with gross margin up 640 bps to 27.5%. It now expects 2026 revenue to be flat and operating profit to decline high teens, citing lower expected fourth-quarter sales, and raised expected operating cash flow less investing cash to $40 million to $50 million.
Crocs, Inc.
Crocs™ Achieves Cradle to Cradle Certified® Circularity Gold for the Classic Clog, Marking a New Milestone in Circular Design and Recycled Material Innovation
Crocs said its Classic Clog, Bae Clog and Keep It Going Classic Clog received Cradle to Cradle Certified Circularity Gold Version 5.0, with average recycled content of 29%, 36% and 42% respectively on a mass balance basis. The company says these products account for approximately 31% of Crocs shoes globally, and its Old Crocs. New Life. takeback program operates in 345 stores in 10 countries.
Graphic Packaging Holding Company
Graphic Packaging and Combined Technologies Inc. Help Nutraceutical Brands Stand Out On-Shelf with Boardio™ Paperboard Packaging
Graphic Packaging said its Boardio paperboard canister is now available to North American nutraceutical brands through co-packer Combined Technologies, Inc. in Bristol, Indiana, as an alternative to rigid plastic bottles and tubs. The company says Boardio can reduce plastic use by more than 90% versus rigid plastic cans, and brands can access it without capital outlay for equipment.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Sport News Hop reporting.