Seritage Growth Props Q3 EPS $(0.04) Up From $(0.08) YoY, Sales $5.05M Down From $23.50M YoY
Portfolio Pulse from Benzinga Newsdesk
Seritage Growth Props (NYSE:SRG) reported Q3 losses of $(0.04) per share, a 50% improvement from $(0.08) per share YoY. However, sales fell 78.52% to $5.05M from $23.50M YoY.
November 08, 2023 | 10:46 pm
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NEGATIVE IMPACT
Seritage Growth Props reported improved Q3 losses but significantly lower sales YoY.
While the company managed to reduce its losses, the significant drop in sales could negatively impact investor sentiment and potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100