ODP Sees FY24 Sales Decline In the Lower End Of 25 - 5%
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation forecasts a sales decline for FY24, expecting it to be in the lower end of the 25% to 5% range.
May 08, 2024 | 10:53 am
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ODP Corporation anticipates a significant sales decline in FY24, which could impact investor sentiment and stock price.
A forecasted sales decline, especially in the range of 25% to 5%, is substantial and likely to negatively affect investor sentiment towards ODP Corporation. This outlook could lead to a decrease in stock price in the short term as investors may adjust their expectations based on the anticipated lower sales performance.
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IMPORTANCE 90
RELEVANCE 100