Ingredion Now Expects 2023 Net Sales To Be Up Mid-Single-Digits Reflecting Softer Volume Demand (Prior View: Net Sales To Be Up Mid To High Single Digits)
Portfolio Pulse from Benzinga Newsdesk
Ingredion has revised its 2023 net sales forecast to mid-single-digit growth, down from its previous forecast of mid to high single-digit growth. This revision is due to softer volume demand.
November 07, 2023 | 11:13 am
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Ingredion's revised 2023 net sales forecast could potentially impact its stock price. The company now expects mid-single-digit growth, down from its previous forecast of mid to high single-digit growth.
Ingredion's revised 2023 net sales forecast indicates a potential slowdown in its growth, which could negatively impact investor sentiment and lead to a decrease in its stock price.
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