Reed's Reiterates FY24 Financial Outlook For Net Sales Growth, Gross Margin Expansion & Achieve Modified EBITDA Profitability; Expects To Generate Positive Operating Cash Flow For FY24
Portfolio Pulse from Benzinga Newsdesk
Reed's has reiterated its financial outlook for FY24, expecting net sales growth, gross margin expansion, and modified EBITDA profitability. The company also anticipates generating positive operating cash flow for FY24.
August 13, 2024 | 8:39 pm
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Reed's has reiterated its FY24 financial outlook, expecting net sales growth, gross margin expansion, and modified EBITDA profitability. The company also anticipates generating positive operating cash flow for FY24.
Reed's positive financial outlook for FY24, including net sales growth, gross margin expansion, and modified EBITDA profitability, is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100