Generac Says 'As a result of the softer-than-expected consumer environment, the Company now anticipates lower residential product sales during the second half relative to prior expectations'
Portfolio Pulse from Benzinga Newsdesk
Generac Holdings Inc. (GNRC) has revised its sales forecast for the second half of the year, expecting lower residential product sales due to a softer-than-expected consumer environment.
August 04, 2023 | 10:45 am
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Generac Holdings Inc. anticipates lower residential product sales in H2 due to a softer consumer environment.
Generac's announcement of lower expected sales for the second half of the year due to a softer consumer environment is a direct negative impact on the company's revenue and profitability. This could lead to a decrease in the company's stock price in the short term.
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