Interface Raised 2024 Net Sales Outlook To $1.30B-$1.32B (Prior$1.29B-$1.31B) Vs. $1.298B Consensus; Sees Adjusted Gross Margin Of ~36.0
Portfolio Pulse from Benzinga Newsdesk
Interface has raised its 2024 net sales outlook to $1.30B-$1.32B from the prior $1.29B-$1.31B, surpassing the $1.298B consensus. The company also projects an adjusted gross margin of approximately 36.0% for the full fiscal year 2024.
August 02, 2024 | 9:37 am
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Interface has raised its 2024 net sales outlook to $1.30B-$1.32B, surpassing the $1.298B consensus. The company also projects an adjusted gross margin of approximately 36.0% for the full fiscal year 2024.
Raising the net sales outlook and surpassing consensus estimates is a positive indicator for Interface's financial health. The projected adjusted gross margin of 36.0% also suggests strong profitability. These factors are likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100