--- title: "\"Performance\" Tire manufacturer Michelin's sales fell 6.6% last season" description: "French tire manufacturer Michelin announced that its sales in the third quarter fell by 6.6%, below market expectations, primarily due to weaker-than-expected business conditions in the North American" type: "news" locale: "en" url: "https://longbridge.com/en/news/262279453.md" published_at: "2025-10-22T15:51:46.000Z" --- # "Performance" Tire manufacturer Michelin's sales fell 6.6% last season > French tire manufacturer Michelin announced that its sales in the third quarter fell by 6.6%, below market expectations, primarily due to weaker-than-expected business conditions in the North American market. Due to the sluggish North American business, the group lowered its expectations for this year last week and stated that it would be unable to achieve the target of over 4.2 billion euros in segment operating income by 2026, but it expects growth compared to this year. (sw/) French tire manufacturer Michelin announced that its sales in the third quarter fell by 6.6%, below market expectations, primarily due to weaker-than-expected business conditions in the North American market. Due to the weakness in North American operations, the group lowered its expectations for this year last week and stated that it would be unable to achieve its target of over €4.2 billion in segment operating revenue by 2026, but it expects to see growth compared to this year. (sw/) ### Related Stocks - [MGDDY.US - Michelin](https://longbridge.com/en/quote/MGDDY.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Short Interest in Michelin (OTCMKTS:MGDDY) Rises By 51.3% | Michelin (OTCMKTS:MGDDY) experienced a significant increase in short interest, rising by 51.3% in January, totaling 162, | [Link](https://longbridge.com/en/news/275977023.md) | | Michelin (OTCMKTS:MGDDY) Rating Increased to Strong-Buy at Zacks Research | Zacks Research upgraded Michelin (OTCMKTS:MGDDY) from a "hold" to a "strong-buy" rating. This follows various ratings fr | [Link](https://longbridge.com/en/news/275895319.md) | | Michelin Buyback And CO2 Cuts Weighed Against Valuation And Cash Outlook | Michelin has initiated a €2 billion share buyback program over three years, alongside reporting a 48% reduction in CO2 e | [Link](https://longbridge.com/en/news/275942127.md) | | Michelin Latest Acquisitions In PCS In North America Had EUR 1 Bln Cumulated EV, CFO Says | Compagnie Generale des Etablissements Michelin SCA :MICHELIN LATEST 3 ACQUISITIONS IN PCS IN NORTH AMERICA HAD CUMULATED | [Link](https://longbridge.com/en/news/275644043.md) | | Michelin Announces Availability of 2025 Annual Results Guide | Compagnie Générale des établissements Michelin SA has announced the availability of its 2025 Annual Results Guide, which | [Link](https://longbridge.com/en/news/275636968.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.