For fourth-quarter 2023, which ends on December 30, 2023, the Company currently expects, exclusive of any deferred tax reserve reversal:
- Net sales from continuing operations of approximately $1.36 billion, which includes a projected headwind of approximately $12 million from changes in foreign currency exchange rates. This represents a decrease of approximately 8% as compared to prior year on a reported basis and approximately 7% on a constant currency basis.
- GAAP operating profit from continuing operations of approximately $116 million.
- Adjusted operating profit from continuing operations of approximately $131 million, which includes a projected headwind of approximately $2 million from changes in foreign currency exchange rates.
- Pretax charges for actions related to the Full Potential transformation plan and the global Champion performance plan of approximately $15 million.
- GAAP and Adjusted Interest and Other expenses of approximately $80 million.
- GAAP and Adjusted Tax expense of approximately $18 million.
- GAAP earnings per share from continuing operations of approximately $0.05.
- Adjusted earnings per share from continuing operations of approximately $0.09.
- Fully diluted shares outstanding of approximately 352 million.
