Movado Cuts FY24 Net Sales Outlook From $725M-$750M To $690M-$700M, Est. $737.9M
Portfolio Pulse from Benzinga Newsdesk
Movado has reduced its FY24 net sales outlook from $725M-$750M to $690M-$700M, against an estimated $737.9M.
August 24, 2023 | 10:50 am
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Movado's lowered FY24 net sales outlook could negatively impact its stock price in the short term.
Movado's lowered sales outlook indicates potential challenges in its business, which could lead to investor concern and a potential decrease in its stock price.
CONFIDENCE 90
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