For fiscal 2024, the company now expects total company net sales growth of about 1%, and *adjusted diluted EPS in the range of $4.15 to $4.20. This guidance is based on current visibility and assumes:
- a continuation of macro factors that have driven increased consumer and channel caution;
- continued strong demand and stable supply for our underground construction, and golf and grounds businesses; and
- weather patterns aligned with historical averages for the remainder of the year.
This guidance also considers:
- remaining adjustments needed to normalize field inventory levels of lawn care products and snow and ice management solutions;
- manufacturing inefficiencies as production and inventory levels continue to be adjusted to market conditions; and
- the net impact across all residential mass channel partners related to our new strategic partnership with Lowe's.