Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Brown-Forman, the parent company of Jack Daniel's, saw its stock decline as its sales fell below estimates, leading to a cut in the annual organic net sales forecast for fiscal 2024. The company attributed this to higher prices impacting demand for its whiskey. In a similar trend, HelloFresh experienced a significant drop in its stock value after forecasting a decline in earnings for the year and abandoning its 2025 targets.
$HFG Hello Fresh lower goes even lower Adjusted EBITDA is seen at 448 million euros ($480 million) for fiscal 2023, down from 477 million euros the year before. In 2024, the company expects adjusted EBITDA to fall to between 350 million and 400 million euros. https://t.co/w2rmo431u6
HelloFresh shares dive 42% after meal kit giant warns on outlook https://t.co/A68lUTie8X
HelloFresh plunges the most since its 2017 debut after its outlook for the year disappointed and it scrapped 2025 targets https://t.co/VhVU6sHk6i