OneWater Anticipates FY24 Dealership Same-store Sales To Be Up Low To Mid-single Digits, Despite An Expected Challenging Macroeconomic Environment, Sees Adjusted EBITDA Of $130M-$155M
Portfolio Pulse from Benzinga Newsdesk
OneWater Marine Inc. forecasts FY24 same-store sales to increase by low to mid-single digits, despite a challenging macroeconomic environment. The company also projects its adjusted EBITDA to be between $130M and $155M.
November 16, 2023 | 12:11 pm
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OneWater Marine Inc. expects an increase in FY24 same-store sales and projects its adjusted EBITDA to range from $130M to $155M, signaling confidence in its business model despite economic challenges.
The positive outlook provided by OneWater Marine Inc. for FY24, with expected sales growth and a solid EBITDA projection, is likely to instill investor confidence and could lead to a short-term positive impact on the stock price. The company's anticipation of growth despite economic challenges suggests strong business resilience and potential outperformance, which can be attractive to investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100