Jabil (JBL) Lowers Guidance

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Jabil Updates Fiscal 2024 Outlook

November 28, 2023 4:10 PM EST

Company to Present at Upcoming Conference

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Inc. (NYSE: JBL) today announced it is updating its outlook for fiscal 2024.

During the final stretch of our first quarter, we experienced softening in demand, as a result of short-term inventory corrections across certain end-markets where we participate, said CEO Kenny Wilson.

Jabil now expects revenue to be in the range of $8.3 billion - $8.4 billion for the first fiscal quarter, slightly below the low end of its previously announced range,... More