EPS consensus $3.87. Revenue consensus $4.01B. The Company updated its outlook for fiscal 2023 as compared to fiscal 2022 as follows: 20 to 30 percent decline in Hawthorne segment net sales; Low single-digit decline in total Company net sales; Low single-digit decline in gross margin rate; Low single-digit percentage growth in adjusted operating income; Low single-digit percentage growth in adjusted EBITDA; Interest expense increase of approximately $60 million; Effective tax rate of 26 to 27 percent; Free cash flow of $1 billion over the next two years.
Published first on TheFly
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