SpartanNash Revises FY23 Revenue Outlook From $9.650B - $9.950B To $9.650B - $9.850B Vs. $9.85B Est.
Portfolio Pulse from Benzinga Newsdesk
SpartanNash has revised its FY23 revenue outlook downwards from $9.650B - $9.950B to $9.650B - $9.850B, against an estimate of $9.85B.
November 08, 2023 | 12:09 pm
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NEGATIVE IMPACT
SpartanNash's downward revision of its FY23 revenue outlook may negatively impact its stock price in the short term.
SpartanNash's revised revenue outlook is lower than previously expected, which could lead to a decrease in investor confidence and a potential drop in the stock price. The news is highly relevant as it directly pertains to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100