FY23 adjusted EPS view includes 20c of expected incremental expenses associated with the recently acquired Bed Bath & Beyond leases. Excluding these expenses, adjusted EPS is expected to be $5.72-$5.87. Raises FY23 revenue view to up 11% from 3%-4%, consensus $9.68B. This assumes comparable store sales will increase approximately 3% from previous view of 3%-4%, on top of the 13% decrease during FY22. Expects Capital expenditures, net of landlord allowances, to be approximately $560M.
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