LGI Homes Sees FY23 Adj. Gross MArgin 23-25%
Portfolio Pulse from Benzinga Newsdesk
LGI Homes has projected an adjusted gross margin of 23-25% for the fiscal year 2023.
August 01, 2023 | 11:15 am
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LGI Homes has forecasted an adjusted gross margin of 23-25% for FY23. This could indicate the company's confidence in its profitability for the upcoming fiscal year.
The projected gross margin indicates the company's expected profitability. A higher gross margin suggests that the company is expected to retain a larger portion of sales revenue after accounting for the cost of goods sold. This could potentially lead to an increase in the company's stock price in the short term.
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IMPORTANCE 70
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