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What happened, with direct paths to the underlying reporting
- EDC reports sharp decline in net revenues for the fiscal year and fourth quarter. - CEO cites challenges from high inflation affecting target customers, but highlights e-commerce improvements. - Company reduces inventory levels, plans sale/leaseback of headquarters for debt reduction. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- EDC reports sharp decline in net revenues for the fiscal year and fourth quarter.
- CEO cites challenges from high inflation affecting target customers, but highlights e-commerce improvements.
- Company reduces inventory levels, plans sale/leaseback of headquarters for debt reduction.
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