Hydrofarm Holdings Group Sees FY24 Net Sales To Decrease Low To Teens In Percentage Terms; Capital Expenditures Of ~$4M-$5M
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings Group forecasts a decrease in FY24 net sales in the low to teens percentage range, with planned capital expenditures of approximately $4M-$5M.

February 29, 2024 | 12:26 pm
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Hydrofarm Holdings Group anticipates a decrease in FY24 net sales in the low to teens percentage range, alongside capital expenditures of about $4M-$5M.
The forecasted decrease in net sales for FY24 directly impacts Hydrofarm Holdings Group's financial outlook, likely leading to a negative short-term impact on the stock price. The planned capital expenditures indicate ongoing investments, but the sales decline is a significant concern that overshadows this aspect.
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