Coats Group Full Year 2023 Earnings: Misses Expectations

Coats Group (LON:COA) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.39b (down 12% from FY 2022).
• Net income: US$83.2m (up 14% from FY 2022).
• Profit margin: 6.0% (up from 4.6% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$0.052 (up from US$0.048 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coats Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Luxury industry in Europe.

Performance of the market in the United Kingdom.

The company's shares are up 11% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Coats Group that you should be aware of.

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