Logitech has reaffirmed its FY20 sales outlook of mid- to high-single digit sales growth in constant currency. but has cut operating income to $365M-$375M from prior guidance of $375M-$385M..
The operating margin target remains 11%-14%.
“We are encouraged by continued strong demand for our products. That said, we are slightly adjusting our operating income outlook to account for supply chain uncertainties related to the trajectory of the coronavirus,” said Bracken Darrell, Logitech president and chief executive officer. “Our strategy and execution continue to work well and we have confidence in continued growth of our biggest categories - Gaming, Video Collaboration, and Creativity & Productivity - where we can deliver ongoing category leadership and long-term success. Consequently, we reconfirm our current fiscal year sales growth target and maintain our long-term business outlook.”
