American Woodwork Reaffirms FY24 Low Double-Digit Net Sales Decline YoY; High Single-Digit Declines In Q4
Portfolio Pulse from Benzinga Newsdesk
American Woodwork (AMWD) has reaffirmed its forecast for FY24, expecting a low double-digit decline in net sales year-over-year, with high single-digit declines anticipated for Q4.
February 29, 2024 | 9:37 pm
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American Woodwork expects a low double-digit decline in net sales YoY for FY24, with high single-digit declines in Q4.
The reaffirmation of a decline in net sales for FY24, including the final quarter, is likely to negatively impact investor sentiment towards AMWD. This forecast suggests a challenging financial period ahead for the company, which could lead to a decrease in stock price in the short term as investors adjust their expectations.
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