But the full financial benefits of that work is taking longer than Wall Street was hoping — and many investors seem to have decided they aren’t going to wait around. parent dropped 23 percent to $107.65 in midday trading on Tuesday, after the company topped fourth-quarter expectations but turned in a disappointing outlook for 2024. Earnings per share this year are slated to increase slightly this year to a range of $10.75 to $11 — well below the $12.
08 penciled analysts projected, according to Yahoo Finance. Revenues are expected to decrease by 6 percent to 7 percent — including a 2 percent cut from the sale of the company’s Heritage Brands women’s intimates business and a 1 percent hit from the extra week in last year’s fiscal calendar.tried to soften the blow by increasing its stock buyback program by $2 billion, after already paying nearly $1 billion to buy back 17 percent of the company’s shares over the past two year