Welbilt (WBT) Withdraws FY20 Guidance; Provides Business Update Regarding COVID-19
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Welbilt Provides Business Update Regarding COVID-19
March 20, 2020 7:45 AM EDTNEW PORT RICHEY, Fla.--(BUSINESS WIRE)-- Welbilt, Inc. (NYSE: WBT) announced today that the recent outbreak of the novel coronavirus, or COVID-19, is disrupting the commercial foodservice equipment end markets in the Americas and EMEA. While many professional kitchens remain open for takeout, drive-thru and delivery, many have closed to dine-in customers while others have closed completely. Accordingly, the demand for commercial foodservice equipment and aftermarket parts is anticipated to be negatively impacted through the second quarter of 2020 and possibly beyond. Due to the rapidly changing environment, we are withdrawing our previous 2020... More
