A.K.A. Brands Sees FY24 Revenue $540M-$555M Vs $583.932M Est.
Portfolio Pulse from Benzinga Newsdesk
A.K.A. Brands forecasts its FY24 revenue to be between $540M-$555M, which is below the estimated $583.932M.
March 07, 2024 | 9:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A.K.A. Brands forecasts FY24 revenue to be lower than expected, projecting $540M-$555M against an estimate of $583.932M.
The projected revenue for FY24 by A.K.A. Brands is significantly lower than the market's expectation, which could lead to negative investor sentiment and potentially a decrease in the stock price in the short term. The direct mention of the company and its financial forecast makes this news highly relevant and important for investors in A.K.A. Brands.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100