Laird Superfood Sees FY24 Net Sales ~$40M-$44M Vs $49.654M Est.
Portfolio Pulse from Benzinga Newsdesk
Laird Superfood has revised its FY24 net sales forecast to approximately $40M-$44M, which is below the previous estimate of $49.654M.
August 07, 2024 | 9:48 pm
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Laird Superfood has lowered its FY24 net sales forecast to $40M-$44M, which is below the previous estimate of $49.654M. This revision indicates potential challenges in achieving expected revenue growth.
The downward revision in net sales forecast suggests that Laird Superfood may be facing difficulties in meeting its revenue targets. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100