BellRing Brands Raises FY24 Net Sales From $1.93B-$1.99B To $1.96B-$2.00B Vs $2.963B Est.
Portfolio Pulse from Benzinga Newsdesk
BellRing Brands has raised its FY24 net sales forecast from $1.93B-$1.99B to $1.96B-$2.00B, which is still below the $2.963B estimate.
August 05, 2024 | 9:02 pm
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BellRing Brands has increased its FY24 net sales forecast to $1.96B-$2.00B, but this is still below the $2.963B estimate.
While the increase in the sales forecast is a positive sign, the fact that it remains below the $2.963B estimate may temper investor enthusiasm. This mixed signal could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100