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Jerash Holdings Expects FY24 Revenue Decline of 3%-5% YoY (Prior Flat YoY) Vs $138.73M Est

Benzinga ·  Nov 13, 2023 21:09

Outlook

  • Revenue for the full fiscal year 2024 is expected to be down approximately 3 to 5 percent from last fiscal year, reflecting product mix shift to lower priced items.
  • Gross margin goal for the full fiscal year 2024 is expected to be approximately 15 to 16 percent.
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