EarningsTotal revenues declined by 6.8%, and gross margins decreased by 100 basis points compared to the previous year.
Financial PerformanceFY24 sales, adjusted EBITDA, and adjusted EPS guidance has been cut by approximately 7%, 30%, and 80% respectively, following a disappointing F3Q performance.
Revenue GrowthRevenue growth prospects are limited, and without significant cost savings opportunities, leverage is expected to remain elevated, affecting investability.