2023-03-09 08:33:50 ET
- Toro press release ( NYSE: TTC ): Q1 Non-GAAP EPS of $0.98 beats by $0.04 .
- Revenue of $1.15B (+23.3% Y/Y) misses by $10M .
- Gross margin for the first quarter was 34.5%, compared with 32.2% for the same prior-year period.
- Reaffirms full-year fiscal 2023 net sales and adjusted diluted EPS guidance : For fiscal 2023, management continues to expect net sales growth in the range of 7% to 10% vs. estimated growth of 10.18% Y/Y and adjusted diluted EPS in the range of $4.70 to $4.90 vs $4.90 consensus.
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Toro reports mixed Q1 earnings; reaffirms FY23 outlook