Core & Main Reports Q1 FY23 Sales Dip But Beats EPS Estimates; Ups Fiscal 2023 Outlook
Portfolio Pulse from Akanksha Bakshi
Core & Main Inc (NYSE:CNM) reported Q1 FY23 sales decline of 1.5% YoY to $1.57 billion, missing the consensus of $1.60 billion. However, EPS of $0.50 beat the consensus of $0.46. The company raised its fiscal 2023 net sales and Adjusted EBITDA outlook.
June 06, 2023 | 2:26 pm
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Core & Main's Q1 FY23 sales declined but EPS beat estimates, and the company raised its fiscal 2023 outlook.
Core & Main's Q1 sales missed consensus, but the EPS beat estimates and the company raised its fiscal 2023 outlook. This positive news is likely to have a short-term positive impact on the stock price, as investors may view the company's performance and outlook as favorable.
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IMPORTANCE 80
RELEVANCE 100