Customer Base LimitationsThe close relationship with Walmart and the lawsuit between The Kroger Co. and Albertsons Companies likely limits SYM receiving orders from KR and ACI, and potentially other national customers.
Employee LayoffsThe recent acquisition of Advanced Systems & Robotics has resulted in SYM laying off upwards of 390 employees without any update as to why.
Future Revenue GuidanceThird-quarter revenue guidance is below consensus, impacting expectations negatively.
Operational DelaysSymbotic exited the second quarter with average lead times of 24 months, with no tangible roadmap for reducing this metric.