iRobot Sees Some Major Profitablity Challenges Ahead
iRobot (NASDAQ: IRBT) recently announced surprisingly strong sales and profit figures as part of its fiscal second-quarter earnings report. The consumer electronics specialist described robust demand for its premium products as consumers around the world began prioritizing home cleaning.
Yet while the growth uptick has executives feeling confident that iRobot will expand overall sales in 2020, there are some major risks that could impact profitability during the second half of the year and into 2021. CEO Colin Angle and his team explained some of those factors in a conference call with analysts, and below we'll look at a few of the main highlights.
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Source Fool.com
