BlueLinx Sees Q4 Structural Product Gross Margin 9%-10%, With Average Daily Sales Volumes Slightly Up QoQ
Portfolio Pulse from Benzinga Newsdesk
BlueLinx has projected its Q4 structural product gross margin to be between 9% and 10%. The company also expects its average daily sales volumes to increase slightly on a quarter-over-quarter basis.
October 31, 2023 | 8:31 pm
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POSITIVE IMPACT
BlueLinx's Q4 forecast of a 9%-10% gross margin and a slight QoQ increase in average daily sales volumes could potentially impact its stock positively.
The company's forecast of a healthy gross margin and a slight increase in sales volumes indicates a positive financial performance. This could potentially attract investors, leading to an increase in the demand for the stock and subsequently its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100