Brambles (ASX:BXB) narrowed its sales revenue growth guidance for the fiscal year ending June 30 to a range of 4% to 5% at constant foreign exchange (FX) rates, from a previous guidance of 4% to 6%, according to a Monday filing with the Australian bourse.
The outlook on underlying profit growth for the year ending June 30 was maintained at 8% to 11%, the filing said.
"While we expect ongoing price realization and improved net new business momentum through the balance of the year, like-for-like volumes will be challenged given the weakness in the third quarter and the expected continuation of macroeconomic uncertainty in the fourth quarter," said Brambles CEO Graham Chipchase.
The supply-chain logistics company grew its sales revenue by 3% year on year on a constant FX basis in the first nine months of the fiscal year.
Sales revenue for the nine months ended March 31 was AU$4.92 billion on an actual FX basis, up 1% from the prior year.
Brambles' shares were down 6% in recent trade.
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