SmileDirectClub to furlough workers in response to coronavirus [MarketWatch]
SmileDirectClub, Inc. (SDC)
Last smiledirectclub, inc. earnings: 2/25 04:03 pm
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Source: MarketWatch
SmileDirectClub Inc. said late Friday it will furlough much of its workforce in response to the COVID-19 pandemic. The teeth-straightening device company said it was extending closure of its retail stores, except those in Hong Kong, until at least May 3, and pulled its guidance for the year. Analysts surveyed by FactSet had forecast a full-year loss of 58 cents a share on revenue of $982.3 million. SmileDirectClub stock declined 0.5% after hours, following a 4.2% decline to finish the regular session at $3.88.
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