Polished now sees FY23 sales, EBITDA below previous estimates

Polished.com now expects net sales between $315M-$325M and EBITDA below its previously provided estimate for fiscal year 2023, the company stated in a corporate update disclosed in a press release and regulatory filing. “The company previously reported that it expected net sales between $330M-$350M and low single digit EBITDA margins for fiscal year 2023. The company’s updated guidance reflects sustained pressure on the company’s top line revenue as a result of macroeconomic headwinds continuing to significantly impact consumer discretionary spending. These expectations are made as of February 12, 2024, and remain subject to substantial uncertainty. Results are unpredictable and may be materially affected by various factors such as the economy, inflation, interest rates, regional labor markets, supply chain constraints and other variables,” Polished stated.