MasterCraft Boat Holdings slumps on dismal annual forecast

Mastercraft Boat Holdings

30/08/2023 12:58

** Shares of MasterCraft Boat Holdings  MCFT.O  down 16.5%
at $20.85 in premarket trade
    ** Co projects FY2024 profit, revenue below expectations
    ** Elevated interest rates, tightening credit standards and
availability creating "significant uncertainty," limiting retail
demand visibility - CEO  
    ** Q4 EPS, revenue top estimates on higher prices of
recreational boats
    ** As of last close, stock down 3.5% this year 

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))