RE:TDMr. Market sure never liked these earnings! Down over $2 a share!
Scotia Bank - Latest Research (August 04, 2023):OUR TAKE: Mixed. Q2 results were largely in line with expectations & the company raised its dividend by ~12%. On the 2023 outlook, JWEL nudged lower its revenue and adj. EBITDA guidance by ~1% to account for lower inventory levels at retailers and reduced adj. EPS guidance by ~4.5% to reflect higher interest rates. Consumption remains robust but uncertainty lingers around timing and scope of the inventory restocking opportunity in Canada. All in all, we believe the risk/reward is balanced at current levels.