Edgewell Personal Care FY24 GAAP EPS Outlook Of $2.28 ($2.20-$2.40 Prior) Vs. $2.52 Estimate
Portfolio Pulse from Benzinga Newsdesk
Edgewell Personal Care has updated its financial outlook for fiscal year 2024. The company now expects GAAP EPS to be approximately $2.28, down from the previous range of $2.20 to $2.40, and below the $2.52 estimate. Organic net sales growth is revised to 1%, and currency impacts are expected to be negative. Adjusted EPS is projected to be around $3.00, and Adjusted EBITDA is expected to be approximately $356 million.
August 06, 2024 | 10:09 am
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Edgewell Personal Care has revised its FY24 financial outlook, lowering its GAAP EPS to $2.28, below the $2.52 estimate. Organic net sales growth is now expected to be 1%, and currency impacts are anticipated to be negative. Adjusted EPS is projected to be around $3.00.
The downward revision in GAAP EPS and organic net sales growth, along with the negative impact of currency, suggests a less favorable financial performance than previously expected. This is likely to negatively impact the stock price in the short term.
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