NYSE:CNMTrade Distributors
Core & Main (CNM): Exploring Valuation After Q2 Miss and Lowered Outlook
If you are following Core & Main (CNM) lately, you probably noticed the buzz after its latest earnings report. The company’s fiscal second-quarter results came in below what the market was expecting, and management quickly followed up with a downgrade to its full-year sales and profit guidance. The miss and muted outlook triggered a sharp slide in the stock, shining a spotlight on how shifts in core business demand and rising costs are reshaping this year’s investment case for the...