Apogee Enterprises Continues To Expect Flat To Slightly Declining Net Sales Compared To Fiscal 2023 And Capital Expenditures In Fiscal 2024 Between $50M-$60M
Portfolio Pulse from Benzinga Newsdesk
Apogee Enterprises expects its net sales for fiscal 2023 to be flat or slightly declining. The company also anticipates capital expenditures in fiscal 2024 to be between $50M-$60M.
September 19, 2023 | 10:13 am
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Apogee Enterprises' forecast of flat to slightly declining net sales for fiscal 2023 and capital expenditures of $50M-$60M for fiscal 2024 may impact its stock price.
The company's forecast of flat to slightly declining net sales for fiscal 2023 indicates a potential slowdown in growth, which could negatively impact investor sentiment and the stock price. Additionally, the planned capital expenditures for fiscal 2024 could also affect the company's financial performance and thus its stock price.
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