Interface Raised 2024 Net Sales Outlook To $1.315B-$1.325B (From $1.30B-$1.32B) Vs. $1.314B Consensus; Adjusted Gross Margin To ~36.6% (From 36.0%)
Portfolio Pulse from Benzinga Newsdesk
Interface has raised its 2024 net sales outlook to $1.315B-$1.325B, slightly above the previous range and consensus. The company also expects an improved adjusted gross margin of 36.6%.
November 01, 2024 | 9:37 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Interface has increased its 2024 net sales outlook to $1.315B-$1.325B, slightly above the previous range and consensus. The company also expects an improved adjusted gross margin of 36.6%.
The increase in the sales outlook and improved gross margin suggest a positive financial performance for Interface, which is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100