Brief: CDRL Expects Coronavirus Outbreak To Have Significant Negative Impact On Future Financial Results And Operations

CDRL SA

16/03/2020 16:49

March 16 (Reuters) - CDRL SA  CDLP.WA :
    * ON CORONAVIRUS: EXPECTS CORONAVIRUS OUTBREAK TO HAVE
SIGNIFICANT
NEGATIVE IMPACT ON FUTURE FINANCIAL RESULTS AND OPERATIONS
    * ON CORONAVIRUS: ESTIMATES Q1 REVENUE TO BE LOWER BY AT
LEAST 30%
IN OWN STORES VERSUS Q1 2019 REVENUE IN THIS DISTRIBUTION
CHANNEL
    * ON CORONAVIRUS: EXPECTS ALSO DECREASE IN SALES REVENUE
FROM
AGENCY STORES CHAINS
    * ON CORONAVIRUS: EXPECTS FURTHER INCREASE IN SALES FROM
ONLINE
STORES

Source text for Eikon:  ID:nEM3Wrtkba 
Further company coverage:  CDLP.WA 

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