Interface Continues To Anticipate Strong Retail Billings In The Fourth Quarter Of 2024, Which Have Slightly Lower Gross Profit Margins
Portfolio Pulse from Benzinga Newsdesk
Interface anticipates strong retail billings in Q4 2024, though with slightly lower gross profit margins.
November 01, 2024 | 9:35 am
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Interface is projecting strong retail billings for Q4 2024, but anticipates slightly lower gross profit margins.
The anticipation of strong retail billings suggests potential revenue growth, which is positive for Interface's stock. However, the mention of slightly lower gross profit margins could temper investor enthusiasm. Overall, the news is likely to have a positive short-term impact on TILE's stock price due to the expected increase in retail billings.
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