Smart for Life Q1 Sales $2.40M Miss $9.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smart for Life (NASDAQ:SMFL) reported Q1 sales of $2.40 million, missing the analyst consensus estimate of $9.20 million by 73.91% and representing a 46.12% decrease YoY.
May 22, 2023 | 8:41 pm
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Smart for Life's Q1 sales significantly missed analyst estimates, with a 73.91% shortfall and a 46.12% decrease YoY.
Smart for Life's Q1 sales missed analyst estimates by a significant margin of 73.91%, and the YoY decrease of 46.12% indicates a negative trend in the company's performance. This is likely to have a negative impact on the stock price in the short term.
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IMPORTANCE 80
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