Fiscal 2023 Outlook
The Company provided direction for fiscal 2023 that includes the following:
- Low single-digit percentage growth in adjusted operating income versus fiscal 2022
- Mid-single digit percentage growth in adjusted EBITDA versus fiscal 2022
- Interest expense increase of $35 million to $40 million
- Effective tax rate of 25 percent to 26 percent
- Free cash flow of $1 billion over the next two years
Management will outline its 2023 expectations in more detail during its scheduled conference call with the investment community at 9 a.m. Eastern Time today.
