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China's economic slowdown reduced sales in the watch segment by 13% in FY2025 and by a further 4% in FY2026, with operating margins ultimately approaching 3.4%
Fill it this way to the top, and then tamp it so that the bowl is about halfway full
While this is still in the early days, assuming FY 2021s accelerated decline of over 20 percent continues through the rest of the fiscal year, the cost of the flavor ban could end up being approximately $120 million for FY 2021 (not including sales tax losses)
This covers physical goods like equipment, supplies, and retail merchandise
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