Henry Schein Expects FY23 Sales To Be Approximately 1%-3% Lower Than FY22, Which Is An Update From Prior Guidance Of 1%-3% Sales Growth, Primarily Due To The Recent Cybersecurity Incident
Portfolio Pulse from Benzinga Newsdesk
Henry Schein has updated its FY23 sales forecast, now expecting a decrease of 1%-3% from FY22, revising the previous guidance of 1%-3% growth. This change is primarily attributed to the impact of a recent cybersecurity incident.
November 13, 2023 | 11:13 am
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NEGATIVE IMPACT
Henry Schein's updated FY23 sales guidance indicates a potential 1%-3% decrease compared to FY22, mainly due to a cybersecurity incident.
The revised sales forecast by Henry Schein is a direct result of a cybersecurity incident, which is likely to negatively impact investor sentiment and the stock price in the short term. The importance is high as sales forecasts are critical for investor expectations, and the confidence in this analysis is strong given the clear cause-and-effect relationship between the incident and the revised guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100