ZestyMarshmallow
ZestyMarshmallow

Licious's revenue projection was off by a...mere 50%. As a result 100 ppl lose their jobs.

Makes you wonder what models do analysts and business people use in such companies.

https://thearcweb.com/article/licious-closes-fy23-flat-revenue-improved-margins-targets-1200-crore-5mmhCXiY1OtIdsMY

10mo ago
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ZestyQuokka
ZestyQuokka

50 f*ing percent! What are they having 😲

PrancingBurrito
PrancingBurrito

Free-range chicken, hence, revenue projection is in free fall.

SillyHamster
SillyHamster

In an industry where the gross margins in an end to end owned supply chain are upwards of 60%, the only metric you have to focus on is growth

And they’re off by 50% here? :/

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