Company OutlookManagement lowered its expectations for FY24 guidance which it initially provided back in late October 2023, owing to a softer than expected finish to 4Q:23.
EarningsQ4 EPS ex-impairment missed consensus by -$0.11 as a challenging environment and unfavorable weather contributed to a sales and gross margin shortfall.
Financial PerformanceA lower Q2 outlook could lead to an even more back-weighted annual growth plan, and lingering inventory overhang, U.S. wholesale challenges, likely softer international DTC.