Givaudan shares slump over 6% after cautious sales outlook on analyst call

Shares in Givaudan fell sharply on Thursday after traders cited disappointing comments on sales guidance during an ⁠analyst call ahead of next month’s full-year ⁠results.

By 1051 GMT, the stock was down more ‍than ‌6% after earlier rising ⁠0.4%.

One trader ‌said the fragrance ‌maker did not reaffirm its full-year sales growth guidance of 5.5%.

“Givaudan hosted a ‍group Q4 update… Market conditions more challenging ‌versus ⁠the ​5.5% OSG (Organic Sales ⁠Growth) ​guide provided in August,” Jefferies wrote in a ​note.

Givaudan was not immediately available for comment.