Designer Brands Sees FY23 Sales Growth Excluding Keds To Be Down-Mid To High-single Digits
Portfolio Pulse from Benzinga Newsdesk
Designer Brands forecasts its FY23 sales growth, excluding Keds, to decline by mid to high-single digits.
September 07, 2023 | 10:48 am
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Designer Brands expects its FY23 sales growth to decrease by mid to high-single digits, excluding Keds.
The company's forecast of a decline in sales growth for FY23, excluding Keds, indicates potential financial challenges. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100