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Dec 31, 2022
Logitech Q3 2023 Earnings Report
Logitech's Q3 2023 results reflected challenging macroeconomic conditions, with sales and category sales declining.
Key Takeaways
Logitech's Q3 FY2023 sales were $1.27 billion, a decrease of 22% in US dollars and 17% in constant currency. GAAP operating income declined by 33% to $177 million, and GAAP EPS decreased by 31% to $0.86. The company is managing costs aggressively while maintaining its long-term strategies.
Sales decreased by 22% in US dollars and 17% in constant currency, totaling $1.27 billion.
GAAP operating income fell by 33% to $177 million.
GAAP earnings per share (EPS) declined by 31% to $0.86.
Cash flow from operations was $280 million, with a cash balance of $1.04 billion.
Revenue by Segment
Forward Guidance
Logitech’s Fiscal Year 2023 outlook has been adjusted to between negative 15 percent and negative 13 percent sales growth in constant currency, and between $550 million and $600 million in non-GAAP operating income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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