iRobot cuts FY24 EPS view to ($4.91)-($4.60) from ($3.77)-($3.31)

Consensus ($3.59). Cuts FY24 revenue view to $685M-$710M from $765M-$800M, consensus $774.29M. The company said, “As we move forward in this new chapter in iRobot’s (IRBT) history, one thing is abundantly clear: we have a powerful brand that will serve as the foundation for the turnaround of this Company. That brand power is at the heart of our turnaround strategy, iRobot Elevate. In executing that strategy, we are focused on providing our iconic brand with an improved platform to drive long-term profitable growth.”