Ferguson Continues To See FY24 Net Sales To Be Broadly Flat
Portfolio Pulse from Benzinga Newsdesk
Ferguson expects its fiscal year 2024 net sales to remain broadly flat, with continued volume growth and resilient gross margins despite mild deflation. CEO Kevin Murphy provided this guidance.
June 04, 2024 | 10:49 am
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Ferguson expects its fiscal year 2024 net sales to remain broadly flat, with continued volume growth and resilient gross margins despite mild deflation.
The guidance indicates stable financial performance with no significant growth or decline in net sales. The mention of resilient gross margins and volume growth offsets concerns about mild deflation, leading to a neutral short-term impact on the stock price.
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