On The Beach Faces Downside as Profit Guidance Misses

about 1 month ago

Chloe Millay

"But it is having a quite tough time this morning. The shares really plummeted. And that is because their profit guidance missed estimates and disappointed investors. So, it said that it actually had a solid summer this summer with bookings ahead of last year and then also ahead of that wider package holiday market. It also said that winter bookings were tracking ahead. So, everything is fine there. But where things start to get a little bit tougher for them is actually for next summer."

On The Beach is experiencing a sharp decline after missing profit guidance, driven by uncertainty in future bookings and weaker consumer confidence. This negative sentiment suggests investors should be cautious about exposure to the stock.