Douglas's Lowered Guidance Delays Hope of Dividend -- Market Talk
1404 GMT - Douglas's lowered guidance likely pushes any investor hope of a dividend to fiscal 2027, Deutsche Bank analyst Adam Cochrane says in a note. The German perfume and cosmetics retailer is reviewing its midterm outlook after cutting sales and earnings guidance for the current year due to deteriorating consumer demand. After a disappointing first quarter, when the Ebitda forecast was cut to the lower end of the range--consensus: 850 million euros--the figure the new guidance implies is now 10% lower again at 765 million euros, the note says. Shares trade 21% lower at 11.36 euros, less than half the price of the stock when it listed a year ago. (sarah.sloat@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 10:04 ET (14:04 GMT)
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