Earnings ForecastDowngrading from Buy to Hold, and lowering estimates to reflect FY25 guidance, which is not viewed as conservative.
Profitability ConcernsFull-year sales and EPS guidance lags behind consensus estimates, suggesting potential disappointment for investors.
Sales PerformanceSame-store sales (SSS) decreased 6.4% with brick & mortar (B&M) SSS down 9.2%, indicating concerns about store traffic.