Dogness Fiscal 2024 EPS $(0.55) Up From $(0.68) YoY, Revenue $14.8M Down From $17.6M YoY
Portfolio Pulse from Benzinga Newsdesk
Dogness reported a fiscal 2024 EPS of $(0.55), an improvement from $(0.68) YoY, with revenue declining to $14.8M from $17.6M YoY. Despite a challenging environment, the company improved its gross profit margin to 21.0% by reducing expenses.
October 17, 2024 | 5:58 am
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Dogness reported a fiscal 2024 EPS of $(0.55), an improvement from $(0.68) YoY, with revenue declining to $14.8M from $17.6M YoY. The company faced challenges due to competition and macroeconomic factors but improved its gross profit margin to 21.0% by reducing expenses.
Dogness showed an improvement in EPS despite a revenue decline, indicating better cost management. The slight improvement in gross profit margin suggests operational efficiency gains, but the revenue drop reflects ongoing challenges. The stock may not see significant short-term movement as the positive EPS is offset by revenue decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100