Malibu Boats Expects FY24 Net Sales Decline Percentage In The High Teens To Low Twenties Year-Over-Year (Prior View: Net Sales Decline Percentage In The Mid-To-High Teens)
Portfolio Pulse from Benzinga Newsdesk
Malibu Boats has revised its FY24 net sales forecast, now expecting a decline in the high teens to low twenties percentage year-over-year. This is a downward revision from the previous forecast of a decline in the mid-to-high teens.
October 31, 2023 | 11:12 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Malibu Boats' downward revision of its FY24 net sales forecast could negatively impact its stock price in the short term.
The company's downward revision of its FY24 net sales forecast indicates potential financial challenges, which could negatively impact investor sentiment and lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100