We look to the Q2 earnings call for more context, and find this issue was specifically addressed.
And the other brand’s inventory in the marketplace, those factors kind of compounded and made it a lot worse than we expected." between the unexpected, unanticipated slow decline of pricing in the channel and even after the prices came down, it took a little longer than we expected for volume to kick up.
"Although the cryptocurrency wave has ended, the channel has taken longer than expected to normalize."."While channel inventory situation presents a near-term headwind, it does not change our long-term fundamentals.".As highlighted by the Key Drivers, a quick scroll through the insights in the Guidance and Cost-Price categories reveals the story:
0 kommentar(er)
