Edgewell Personal Care Raises FY2024 Adj EPS Guidance from $2.80-$3.00 To $3.00 vs $2.91 Est; Cuts Organic Net Sales Growth Outlook From 2% To 1%
Portfolio Pulse from Benzinga Newsdesk
Edgewell Personal Care has updated its financial outlook for FY2024, raising its adjusted EPS guidance to $3.00 from the previous range of $2.80-$3.00, while cutting its organic net sales growth outlook from 2% to 1%. The company also provided detailed updates on various financial metrics, including GAAP EPS, adjusted EBITDA, and free cash flow.
August 06, 2024 | 10:08 am
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Edgewell Personal Care has raised its adjusted EPS guidance for FY2024 to $3.00, while lowering its organic net sales growth outlook to 1%. The company also provided updates on various financial metrics, including GAAP EPS, adjusted EBITDA, and free cash flow.
The increase in adjusted EPS guidance is a positive indicator for investors, suggesting improved profitability. However, the reduction in organic net sales growth outlook may temper some of the enthusiasm. Overall, the net impact is likely positive due to the higher EPS guidance.
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