Brief: Good Spirits Hospitality Will Be Withdrawing FY 2020 Earnings Guidance

Good Spirits Hospitality

16/03/2020 01:44

March 16 (Reuters) - Good Spirits Hospitality Ltd  GSH.NZ :
    * WILL BE WITHDRAWING ITS FULL YEAR 2020 EARNINGS GUIDANCE
    * WITHDRAWING ITS FULL YEAR 2020 EARNINGS GUIDANCE.
    * FINANCIAL IMPACT COULD BE MORE SIGNIFICANT THAN ESTIMATED
    * HOSPITALITY GROUP WILL NOT BE IN A POSITION TO PROVIDE AN
EARNINGS OUTLOOK TO MARKET AT THIS TIME
    * TAKING MEASURES TO MITIGATE IMPACT OF COVID-19 ON ITS
EARNINGS
TO DATE SUCH AS MANAGING EMPLOYEE EXPENSE RATIOS TO REVENUES
    * WILL BE WITHDRAWING FY EARNINGS GUIDANCE DUE TO NZ
GOVERNMENT'S
TRAVEL RESTRICTIONS AND UNCERTAINTIES FROM COVID-19 OUTBREAK
    * REDUCING FORWARD ORDERS FOR PARTICULARLY PERISHABLE FOOD &
BEVERAGES TO MITIGATE IMPACT OF COVID-19

Source text for Eikon:  ID:nNZW8Hg5nJ 
Further company coverage:  GSH.NZ 

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