Frontdoor, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2024
February 28, 2024 at 08:00 am EST
Share
Frontdoor, Inc. provided earnings guidance for the first quarter and full year of 2024. For the quarter, Revenue of $370 million to $380 million, reflecting upper-single digit growth in the renewals channel, partially offset by a 20% to 25% decline in the first-year real estate channel and an approximately 20% decline in the first-year direct-to-consumer channel. Additionally, other revenue is projected to increase approximately $5 million.
For the year, the company expects Revenue to grow approximately 2% to 3% to $1.81 billion to $1.84 billion.
Frontdoor, Inc. is a provider of home warranties in the United States. The Companyâs customizable home warranties help customers protect and maintain their homes, typically their assets, from costly and unplanned breakdowns of essential home systems and appliances. The Company operates under the brands American Home Shield, HSA, OneGuard and Landmark Home Warranty. Its annual service subscribe plan covers the repair or replacement of major components of more than 20 home systems and appliances, including electrical, plumbing, heating, ventilation, and air conditioning (HVAC) systems, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as optional coverages for electronics, pools, spas, and pumps. Its operations also include its Streem, a technology platform that uses augmented reality, computer vision and machine learning to, among other things, help home service professionals more quickly and accurately diagnose breakdowns and complete repairs.
FRONTDOOR, INC. 
