CPI Card Group Sees FY23 Net Sales Flat To Low Single-Digit Growth
Portfolio Pulse from Benzinga Newsdesk
CPI Card Group has updated its full-year net sales outlook for 2023 to a range of flat to low single-digit growth, down from the previous outlook of mid-single digit growth. The company also affirmed its outlook for mid-to-high single-digit Adjusted EBITDA growth and expects Free Cash Flow to more than double and the year-end Net Leverage Ratio to improve to between 2.5x and 3.0x.
August 08, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
CPI Card Group's revised outlook for FY23 net sales growth could potentially impact the company's stock price. The lower sales growth forecast may be seen as a negative signal by investors, potentially leading to a decrease in the stock price in the short term.
CPI Card Group's revised outlook indicates a potential slowdown in sales growth, which could be perceived negatively by investors. This could lead to selling pressure on the stock, resulting in a potential decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100