WPP Stock Plunges 16%. It’s Screaming Downturn After Domino’s, Krispy Kreme Warnings. - Barron's
1. WPP expects revenue to decline this year, impacting its stock negatively. 2. WPP's American depositary receipts dropped 16% upon market opening. 3. Advertising spending is a predictor of consumer spending and economic health. 4. Recent consumer confidence is at its lowest since August 2021. 5. Other consumer-centric firms also provided disappointing guidance this week.