Malibu Boats Expects FY24 Net Sales Decline of Mid-to-High Teens % YoY Vs $1.34B Est, Adjusted EBITDA Margin down 300-400 Bps YoY
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats anticipates a decline in net sales in the mid-to-high teens percentage year-over-year for the full fiscal year 2024. The company also expects its Adjusted EBITDA margin to decrease by 300-400 basis points year-over-year.
August 29, 2023 | 11:08 am
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NEGATIVE IMPACT
Malibu Boats' projected decline in net sales and Adjusted EBITDA margin for FY24 could negatively impact its stock price.
The company's forecast of a decline in net sales and Adjusted EBITDA margin for FY24 indicates potential financial difficulties, which could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100