Evolus Raises FY23 Revenue Guidance From $180M-$190M To $185M-$195M Vs $187.83M Est.
Portfolio Pulse from Happy Mohamed
Evolus has increased its FY23 revenue guidance from $180M-$190M to $185M-$195M, exceeding the estimated $187.83M. The company attributes this to accelerated growth and the successful execution of their growth strategy. Evolus also plans to expand its product portfolio with five different fillers starting in 2025, aiming to accelerate top-line growth to $700 million by 2028.
July 27, 2023 | 12:50 pm
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POSITIVE IMPACT
Evolus' raised FY23 revenue guidance and plans for product expansion could positively impact its stock. The company's confidence in its growth strategy and future prospects may attract investors.
Evolus' raised revenue guidance indicates strong business performance and future growth prospects. This positive news could attract investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100