MYT Netherlands Parent Q2 Adj. EPS $0.04 Down From $0.13 YoY, Sales $212.08M Miss $216.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
MYT Netherlands Parent (MYTE) reported a significant decrease in Q2 adjusted EPS from $0.13 last year to $0.04 this year, missing the consensus estimate. Sales increased 9.31% YoY to $212.08M but fell short of the $216.27M estimate.
February 15, 2024 | 11:11 am
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NEGATIVE IMPACT
MYTE's Q2 earnings significantly decreased to $0.04 per share from $0.13 last year, with sales missing estimates but growing 9.31% YoY.
The significant decrease in MYTE's adjusted EPS and the miss on sales estimates are likely to negatively impact investor sentiment in the short term. Although there's a YoY sales growth, the earnings miss and failure to meet sales expectations could lead to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100