Carter's Revises FY23 Net Sales Forecast From $3.0B To $2.95B-$3.00B (Consensus $3B); Posted $3.21B in FY22
Portfolio Pulse from Benzinga Newsdesk
Carter's has revised its FY23 net sales forecast from $3.0B to a range of $2.95B-$3.00B, slightly below the consensus estimate of $3B. The company posted $3.21B in net sales for FY22.
July 28, 2023 | 10:19 am
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Carter's has lowered its FY23 net sales forecast, which may negatively impact investor sentiment and potentially the stock price.
Carter's has revised its FY23 net sales forecast downwards, which could be seen as a negative signal by investors. This could potentially lead to a decrease in the stock price in the short term as it indicates that the company may not perform as well as previously expected.
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