Cooper shares fall 14.6% as firms investigate CooperVision disclosures

  • Cooper Companies cut CooperVision's fiscal 2026 organic-growth guidance to 1%-2% after reporting U.S. channel inventory reductions.
  • Cooper shares fell $9.31, or 14.6%, to $54.17, erasing more than $1.7 billion in market capitalization.
  • Hagens Berman and Levi & Korsinsky opened separate investigations into CooperVision's sales disclosures and inventory conditions.

Cooper Companies shares fell $9.31, or 14.6%, to a 52-week closing low of $54.17 after CooperVision disclosed U.S. channel inventory reductions, a roughly $30 million quarterly revenue shortfall versus Wall Street consensus and weaker organic-growth guidance. The company cut its fiscal 2026 CooperVision organic-growth outlook to 1%-2%, with third-quarter growth expected to decline 1% at the midpoint and fourth-quarter growth guided to negative 2% to flat. Hagens Berman and Levi & Korsinsky are separately investigating whether Cooper adequately disclosed sales practices, growth assumptions and inventory conditions; CooperVision represented roughly 67% of Cooper's fiscal 2025 consolidated sales.

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