Apogee Enterprises Sees FY25 Net Sales To Decline 4% to 7%
Portfolio Pulse from Benzinga Newsdesk
Apogee Enterprises forecasts a 4% to 7% decline in FY25 net sales, attributing about 2% of this decline to the fiscal year reverting to 52 weeks and 1% to Project Fortify's elimination of certain lower-margin products and services.
April 18, 2024 | 10:13 am
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Apogee Enterprises anticipates a 4% to 7% decrease in FY25 net sales, with a portion of this decline due to a shorter fiscal year and strategic product/service adjustments.
The projected decline in net sales for Apogee Enterprises is significant as it directly impacts the company's revenue stream. The reduction is partly due to structural changes in the fiscal year and strategic decisions to eliminate lower-margin offerings, which could be seen as a positive move for long-term profitability but may negatively impact short-term revenue and investor sentiment.
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