Waldencast Expects FY Comparable Net Revenues To Grow Faster Than The Growth Rate Seen In The Q1 2024. Adjusted EBITDA Margin For FY24 Is Expected To Be In The Mid-Teens, Higher Than FY23 Of 11.2%
Portfolio Pulse from Benzinga Newsdesk
Waldencast expects its FY2024 comparable net revenues to grow faster than the growth rate seen in Q1 2024. The adjusted EBITDA margin for FY2024 is projected to be in the mid-teens, significantly higher than FY2023's 11.2%, driven by improved gross margins and efficient investments in sales and marketing.
May 21, 2024 | 3:27 pm
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Waldencast expects its FY2024 comparable net revenues to grow faster than Q1 2024, with adjusted EBITDA margins projected to be in the mid-teens, up from 11.2% in FY2023.
The positive outlook for FY2024, with higher revenue growth and improved EBITDA margins, suggests strong financial performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100