Manchester United Cuts FY24 Revenue Guidance From £650M - £680M to £635M - £665M
Portfolio Pulse from Benzinga Newsdesk
Manchester United has revised its FY24 revenue guidance downwards from the initial range of £650M - £680M to a new range of £635M - £665M.
January 17, 2024 | 11:10 am
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Manchester United has lowered its revenue expectations for FY24, which may lead to negative investor sentiment and a potential decrease in stock price in the short term.
A downward revision in revenue guidance is typically perceived negatively by the market as it suggests that the company may not perform as well as previously expected. This can lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
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IMPORTANCE 75
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