WPP FY23 Guidance, Sees 1.5%-3% (Prior 3%-5%) LFL Growth, With An Operating Margin Of Around 15%
Portfolio Pulse from Benzinga Newsdesk
WPP has revised its FY23 guidance, now expecting 1.5%-3% like-for-like (LFL) growth, down from the previous estimate of 3%-5%. The company also anticipates an operating margin of around 15%.
August 04, 2023 | 2:52 pm
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WPP has lowered its FY23 LFL growth forecast, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
Companies' stock prices are often influenced by their financial forecasts. In this case, WPP has lowered its FY23 LFL growth forecast, which could be interpreted by investors as a sign of potential future underperformance. This could lead to selling pressure on the stock, resulting in a short-term decrease in its price.
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