Logitech International Says "We Expect Q3 Net Sales Between –5% To 0% YoY In Constant Currency. This Range Includes An Estimated Negative Impact To Net Sales From The Supplier Incident Of ~ $70M To $80M. We Expect The Impact Of The Supplier Incident To Be Largely Resolved By Q4."
OutlookAs previously communicated, one of our semiconductor suppliers had a serious incident in its manufacturing facility, resulting in its closure at the end of June. The facility opened in September and began ramping
Logitech's computer mouse and keyboard maker had a big supplier problem. A chip factory shut down in June but reopened in September, so the issue should mostly go away by fall.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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