Hydrofarm Sees FY23 Net Sales ~$230M-$240M Vs $280.2M Est
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm has projected its FY23 net sales to be around $230M-$240M, which is significantly lower than the estimated $280.2M.
August 09, 2023 | 9:43 pm
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NEGATIVE IMPACT
Hydrofarm's lower than expected FY23 net sales projection could negatively impact its stock price.
Hydrofarm's projected net sales for FY23 are significantly lower than the estimated $280.2M. This shortfall in projected earnings could lead to a decrease in investor confidence, potentially causing a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100