Dividend ConcernsDividend cut by 25% with a bleak outlook for future dividends and declining profits, which historically is a catalyst only in the fourth quarter results.
Profitability PressureNegative leverage anticipated as gross profit margin and operating profit margin are expected to fall due to lower margin overseas growth, fixed costs, and sales and marketing expenses.
Revenue DeclineGuidance for 1Q24 revenues is below consensus expectations, suggesting potential underperformance in the near term.