Bic’s Q1 FY23 revenue was in line but the adjusted EPS was 10% below the consensus. The Group’s revenue improved by 0.9% yoy (comparative basis), as the positive momentum in the human expressions and blade excellence divisions was largely offset by flame for life. Weakness is North America (-11.4% yoy) was the key headwind. We do not see any structural issues with the business and expect both sales and profitability to improve in H2 FY23. We will trim our financial estimates slightly but maintai ....
01 May 2023
A weak start to Q1; outlook confirmed
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A weak start to Q1; outlook confirmed
- Published:
01 May 2023 -
Author:
Nishant Choudhary -
Pages:
4
Bic’s Q1 FY23 revenue was in line but the adjusted EPS was 10% below the consensus. The Group’s revenue improved by 0.9% yoy (comparative basis), as the positive momentum in the human expressions and blade excellence divisions was largely offset by flame for life. Weakness is North America (-11.4% yoy) was the key headwind. We do not see any structural issues with the business and expect both sales and profitability to improve in H2 FY23. We will trim our financial estimates slightly but maintai ....