GoPro On-Track to Hit Goals with HERO6 Launch
GPRO touted its positive momentum and said it has put its operational headwinds behind it as it returns to sales growth boosted by the launch of the new HERO6 Black camera. It did not formally update its earlier guidance, but commented that HERO6 sell-in to date has met expectations and supports its target of double-digit revenue growth and a return to full-year profitability. It is paying close attention to inventory levels, and is not “shooting for the moon” as when it vastly overproduced the first Session camera leading to an overhang that lasted for almost a year. The launch was ... Log in to view full article.