Boot Barn shares are trading lower following soft FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Boot Barn shares are trading lower due to the company providing soft guidance for FY24, indicating potential challenges or lower-than-expected performance ahead.
May 14, 2024 | 8:13 pm
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Boot Barn's soft FY24 guidance suggests potential challenges or lower-than-expected performance, leading to a decrease in share price.
The announcement of soft guidance for FY24 by Boot Barn directly impacts investor sentiment and the company's stock price. Such guidance often signals to investors that the company may face challenges or not perform as well as expected, leading to a decrease in share price as investors adjust their expectations.
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