Stanley Black & Decker sees inflation, supply chain problems costing $690 million this year, up to $650 million in 2022
October 28, 2021 at 12:45 PM EDT
Shares of Stanley Black & Decker Inc. sank Thursday, after third-quarter earnings topped expectations but the tools and storage company cut its full-year outlook amid a "dramatic" increase in costs, which is expected to mostly continue next year.
