updated its full-year forecast to reflect better-than-expected bottom line results and the impact of the gain on the early extinguishment of debt in the first quarter. It now expects full-year earnings per diluted share to be between $2.70 and $3.10, compared to $3.40 in 2022. It had previously forecast $2.50 to $3.
“Looking ahead, we are moving with purpose, focused on taking actions and building the capabilities that will drive profitable growth. Despite the current macroeconomic pressures, I continue to be confident in our ability to reach our $10 billion sales target and deliver industry-leading operating margins of 20 percent, over time,” she added during a call with analysts.
Rosen said the team is building on the success of its men’s business to include grooming, initially focusing on face and beard care and later this year, introducing men’s hair and shaving. In addition, in July, it will launch hair care in approximately 560 stores and online with shampoo, conditioner and a dry shampoo. The company is also gearing up to launch a laundry line. More launches in the wellness category are also in the works.
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