Toro Company Now Expects FY23 Net Sales Similar To Slightly Higher Than Prior Fiscal Year (Prior View: Net Sales Growth Of 7%-8%)
Portfolio Pulse from Benzinga Newsdesk
Toro Company has revised its FY23 net sales forecast, now expecting similar to slightly higher sales than the prior fiscal year. This is a change from its previous forecast of a 7%-8% growth in net sales.
September 07, 2023 | 12:38 pm
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Toro Company's revised FY23 net sales forecast could potentially impact its stock price. The company now expects similar to slightly higher sales than the prior fiscal year, down from its previous forecast of a 7%-8% growth.
Toro Company's revised forecast indicates a potential slowdown in sales growth, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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