IRobot Sinks After Abandoning Plan to Pass Along Tariff Costs
- Rolls back pricing on most products despite profit pressures
- Vacuum maker’s stock sinks to lowest since 2016 after results
Roomba
Photographer: Francois Guillot/AFP via Getty Images
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IRobot Corp. slumped to a three-year low after casting aside its strategy to pass along some tariff-related costs to U.S. consumers after the price increase hampered growth.