Reports Q4 revenue $172.1M vs. $177.5M last year. “Our FY23 sales trend was negatively impacted by pressure on our customers’ discretionary spending levels primarily due to higher interest rates and inflation,” said CEO John Cato. “Our full year gross margin rate improved compared to FY22, as we focused on controlling our inventory. Despite the challenges experienced throughout 2023, we have continued investing in key capital projects and efficiency initiatives in support of our long-term growth.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CATO: