CORRECTION: Manchester United Reported Q1 Adj EPS $(0.07), Same YoY, Sales $198.88 Vs $169.16M YoY
Portfolio Pulse from Charles Gross
Manchester United reported their Q1 adjusted EPS at $(0.07), which remained unchanged year-over-year. Sales increased to $198.88 million from $169.16 million in the same quarter of the previous year.
January 17, 2024 | 11:27 am
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Manchester United's Q1 adjusted EPS remained unchanged at $(0.07) while sales saw a significant increase from $169.16 million to $198.88 million compared to the same quarter last year.
The unchanged EPS indicates stability in Manchester United's earnings, while the increase in sales suggests growth, which could be viewed positively by investors. The positive sales growth may lead to a short-term positive impact on the stock price, although the EPS remaining the same could temper some of the investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100