a.k.a. Brands Holding Sees Q3 Net Sales $138M-$143M vs $160.36M Est.; Sees FY23 Net Sales $555M-$565M vs $585.26M Est.
Portfolio Pulse from Benzinga Newsdesk
a.k.a. Brands Holding has projected its Q3 net sales to be between $138M-$143M, which is lower than the estimated $160.36M. The company also forecasts its FY23 net sales to be between $555M-$565M, lower than the estimated $585.26M.
August 09, 2023 | 8:29 pm
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NEGATIVE IMPACT
a.k.a. Brands Holding's lower than expected Q3 and FY23 net sales forecasts may negatively impact its stock price.
The company's lower than expected sales forecasts for Q3 and FY23 indicate potential financial challenges, which could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100