First Quarter 2024 Guidance
- Revenue is projected to decrease approximately 11% as compared to the first quarter of 2023 (decrease approximately 10% on a constant currency basis), inclusive of a reduction of 3% related to the sale of the Heritage Brands women’s intimates business.
- EPS is projected to be approximately $2.15 compared to $2.14 in the first quarter of 2023. The first quarter 2024 EPS projection includes the estimated negative impact of approximately $0.05 per share related to foreign currency translation.
- Interest expense is projected to decrease to approximately $20 million compared to $22 million in the first quarter of 2023.
- Effective tax rate is projected to be approximately 21%.
Please see the section entitled “Full Year and Quarterly Reconciliations of GAAP to Non-GAAP Amounts” at the end of this release for further detail and reconciliations of GAAP to non-GAAP amounts discussed in this section.
