Seritage Growth Props FY23 EPS $(2.85) Down From $(1.59) YoY, Sales $20.78M Down From $107.06M YoY
Portfolio Pulse from Benzinga Newsdesk
Seritage Growth Properties reported a FY23 EPS of $(2.85), a decrease from $(1.59) YoY. Sales also declined to $20.78M from $107.06M YoY.
April 02, 2024 | 6:52 am
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NEGATIVE IMPACT
Seritage Growth Properties reported a significant decrease in both EPS and sales for FY23 compared to the previous year.
The substantial decrease in both earnings per share (EPS) and sales year-over-year (YoY) for Seritage Growth Properties is likely to negatively impact investor sentiment and the stock price in the short term. The decline in financial performance indicators such as EPS and sales is typically viewed unfavorably by the market, leading to potential sell-offs.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100