Duckhorn Portfolio Cuts FY24 Net Sales Outlook From $420M-$427M To $395M-$411M (Est $421.65M), Adjusted EPS From $0.67-$0.69 To $0.63-$0.65 (Est $0.67)
Portfolio Pulse from Benzinga Newsdesk
Duckhorn Portfolio has revised its FY24 net sales forecast downwards from $420M-$427M to $395M-$411M, below the estimated $421.65M. Additionally, the company adjusted its EPS outlook from $0.67-$0.69 to $0.63-$0.65, compared to the estimated $0.67.
March 07, 2024 | 10:01 pm
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NEGATIVE IMPACT
Duckhorn Portfolio has reduced its FY24 net sales and EPS forecasts, indicating potential challenges ahead.
The downward revision in both net sales and EPS forecasts for FY24 by Duckhorn Portfolio suggests the company may face operational or market challenges. This adjustment, especially being below the estimated figures, could lead to negative investor sentiment and potentially decrease the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100