MasterCraft Boat slips on dismal annual forecasts as demand dives

Mastercraft Boat Holdings

30/08/2023 15:12

(Updates)
    ** Shares of MasterCraft Boat Holdings  MCFT.O  fall as much
as 22.9% to a near-11-month low of $19.25 in early 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
    ** Weather adversely impacted retail sales early in Q4 and
sales did not recover by the end of the quarter -  CEO on
conference call
    ** As of last close, stock down 3.5% this year 

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