IFF Sees FY24 Net Sales $11.1B-$11.3B vs $11.17B Est. (Prior Range $10.8B-$11.1B)
Portfolio Pulse from Benzinga Newsdesk
IFF has updated its FY24 net sales guidance to a range of $11.1 billion to $11.3 billion, compared to the previous range of $10.8 billion to $11.1 billion. The new guidance is slightly above the consensus estimate of $11.17 billion.
August 06, 2024 | 8:17 pm
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IFF has raised its FY24 net sales guidance to $11.1 billion to $11.3 billion, which is slightly above the consensus estimate of $11.17 billion. This positive revision indicates a stronger revenue outlook for the company.
The upward revision in net sales guidance suggests that IFF is expecting better-than-anticipated performance in the upcoming fiscal year. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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