Tejon Ranch Estimates FY23 To Have Higher Than Historically Normal Almond Inventory Levels Are Anticipated To Have An Adverse Effect On Selling Prices For The Remainder Of 2023
Portfolio Pulse from Benzinga Newsdesk
Tejon Ranch (TRC) anticipates higher than normal almond inventory levels for FY23, which is expected to negatively impact selling prices for the remainder of 2023.
August 04, 2023 | 1:29 pm
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Tejon Ranch's higher than usual almond inventory levels for FY23 are expected to lower selling prices for the rest of the year.
The news directly mentions Tejon Ranch (TRC) and its anticipated higher almond inventory levels for FY23. This is expected to have an adverse effect on selling prices for the remainder of the year, which could negatively impact the company's revenues and profitability, and consequently, its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100