Brunswick Lowers FY2024 Outlook: Adj EPS from $7.00-$8.00 to $5.00-$5.50 vs $7.15 Est; Sales from $5.20B-$5.40B vs $5.97B Est
Portfolio Pulse from Benzinga Newsdesk
Brunswick Corporation (BC) has lowered its FY2024 outlook, adjusting its EPS from $7.00-$8.00 to $5.00-$5.50 and sales from $5.20B-$5.40B, significantly below the estimated $7.15 and $5.97B respectively. The company also provided updated guidance on net sales, free cash flow, and share repurchases.
July 25, 2024 | 10:19 am
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Brunswick Corporation has significantly lowered its FY2024 outlook, with adjusted EPS now expected to be $5.00-$5.50, down from the previous range of $7.00-$8.00, and sales forecasted between $5.20B-$5.40B, below the estimated $5.97B. This revision indicates potential challenges ahead for the company.
The significant reduction in both EPS and sales forecasts suggests that Brunswick is facing substantial challenges, which could negatively impact investor sentiment and the stock price in the short term.
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