Logitech Forecasts Flat to Declining Q3 Net Sales Due to Supplier Incident
Logitech International S.A. (LOGI) has issued a cautious outlook for its third fiscal quarter, projecting net sales to decrease by 5% or remain flat. This guidance is primarily driven by a supplier-related incident estimated to have a financial impact of $70 million to $80 million. Despite this upcoming headwind, the company reported that its second fiscal quarter was its 11th consecutive period of growth. Management noted that they are currently navigating a difficult macroeconomic landscape characterized by tight component sourcing, rising costs, and geopolitical instability in the Middle East.
Tickers: $LOGI
Topics: earnings report macroeconomic challenges revenue growth supply chain
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