MYT Netherlands Sees FY24 GMV And Net Sales Growth In Lower End Of 8%-13% Range, Projects FY24 Gross Profit In Lower End Of 8%-13% Range
Portfolio Pulse from Benzinga Newsdesk
MYT Netherlands projects its FY24 Gross Merchandise Value (GMV) and net sales growth to be in the lower end of the 8%-13% range. Similarly, the company expects its FY24 gross profit to also be in the lower end of the same range.
February 15, 2024 | 11:11 am
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MYT Netherlands anticipates FY24 GMV, net sales, and gross profit growth to be at the lower end of the 8%-13% range.
The projection of growth at the lower end of the 8%-13% range indicates a cautious outlook by MYT Netherlands. This conservative forecast might lead to mixed reactions from investors, as it suggests growth but at a moderated pace. The direct impact on MYTE's stock price in the short term is likely to be neutral, as the market absorbs the implications of this forecast. Investors may adopt a wait-and-see approach, balancing the company's growth prospects against broader market conditions and potential challenges.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90