Holley Performance Brands' Q3 sales beat; raises FY 2025 revenue guidance
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Holley Performance Brands reported a 3.2% year-over-year increase in Q3 net sales, surpassing analyst expectations, although adjusted EPS fell short. The company reduced its leverage ratio to 3.9x, the lowest since 2022. Holley raised its FY 2025 revenue guidance to $590 - $605 million and expects adjusted EBITDA between $120 million and $127 million. The average analyst rating remains "buy," with a median 12-month price target of $3.75, reflecting a potential upside from its recent trading price of $2.73.
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