Sees Q1 revenue down mid-single digit range, consensus $1.47B. The company said, "The Company’s financial guidance for full year and first quarter 2023 includes forecasted operating results for AdoreMe, Inc. ("Adore Me"), which was acquired by the Company on December 30, 2022. The Company is forecasting first quarter 2023 net sales to decrease in the mid-single digit range compared to last year’s first quarter net sales of $1.484 billion. At this forecasted level of sales, adjusted operating income for the first quarter of 2023 is expected to be in the range of $55 million to $85 million. Adjusted net income for the first quarter of 2023 is estimated to be in the range of $0.30 to $0.60 per diluted share."
Published first on TheFly
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