Shoemaker Geox cuts full-year sales guidance
14/05/2024 17:09
May 14 (Reuters) - Italian shoemaker Geox GEO.MI cut
its full-year sales growth outlook on Tuesday, citing
inflationary pressures as it reported first-quarter revenue down
13.5% year on year at current exchange rates.
The maker of breathable, waterproof footwear now expects
2024 revenue to drop by a mid-single-digit percentage from last
year, having previously forecast sales to be flat year on year.
(Reporting by Enrico Sciacovelli
Editing by David Goodman)
((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))