BRC Expects 'we will not be within the previously issued guidance range for Gross Margin as a result of nonrecurring non-cash losses incurred in connection with our plan to right-size our RTD inventory'
Portfolio Pulse from Benzinga Newsdesk
Black Rifle Coffee Company (BRC) has announced that it will not meet its previously issued guidance range for Gross Margin due to nonrecurring non-cash losses related to its plan to adjust its Ready-To-Drink (RTD) inventory.
November 09, 2023 | 11:06 pm
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NEGATIVE IMPACT
BRC's announcement of not meeting its Gross Margin guidance due to non-cash losses from inventory adjustments could negatively impact its stock price in the short term.
Companies' stock prices often react negatively to announcements of not meeting financial guidance. In this case, BRC's announcement of not meeting its Gross Margin guidance due to non-cash losses from inventory adjustments could lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100