#inventory-reduction

#inventory-reduction

Microchip's inventory reduction and rising bookings indicate a potential revenue recovery, while margin underutilization charges and backlog execution will determine sustained profit improvement.

Sales fell 4% to $293.4 million due to 145 store closures despite 1.2% comparable sales growth; margins improved and operating income rose to $18.6 million.

Widening losses and a 37% revenue decline strained GoPro's financial position despite improved operating cash flow and lower channel inventory.