Logitech International’s Third-Quarter Sales Decline Under New CEO – Analysis and Insights

2024-01-23 02:09:54

Logitech International reported a 1% decline in third-quarter sales on Tuesday, in the computer peripherals maker’s first set of results under new CEO Hanneke Faber.

Sales fell to $1.26 billion in the quarter from $1.27 billion a year earlier as the maker of mice, keyboards and webcams continued to face a slowdown in consumer spending and companies, as well as high comparisons. (Reporting by John Revill and Disha Mishra in Bengaluru; Editing by Savio D’Souza)

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