Hayward Holdings Sees FY23 Net Sales $245M-$255M Vs $310.97M Estimate, Down 24%-26% From Prior
Portfolio Pulse from Benzinga Newsdesk
Hayward Holdings has projected its FY23 net sales to be between $245M and $255M, which is significantly lower than the $310.97M estimate. This represents a decrease of 24%-26% from the prior year.
October 31, 2023 | 11:13 am
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NEGATIVE IMPACT
Hayward Holdings' FY23 net sales projection is significantly lower than the estimated $310.97M, indicating a decrease of 24%-26% from the prior year.
Hayward Holdings' lower than expected sales forecast for FY23 is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100