ACCO - ACCO Brands Q4 results miss estimates co sees FY 2023 adj. EPS below consensus
- ACCO Brands press release ( NYSE: ACCO ): Q4 Non-GAAP EPS of $0.32 misses by $0.01 .
- Revenue of $499.4M (-12.4% Y/Y) misses by $6.22M .
- Comparable sales fell 7.9%.
- For FY 2023, co expects comparable sales to be down 3 percent to flat, reflecting a challenging near-term demand environment. Adjusted EPS is expected to rise 4 percent to 8 percent, to $1.08 to $1.12 vs. consensus estimate of $1.22.
- In Q1 2023, co expects comparable sales to decline 10 percent to 7 percent. Adj. EPS is expected to be $0.05 to $0.07.
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ACCO Brands Q4 results miss estimates, co sees FY 2023 adj. EPS below consensus