The company lifted its fiscal 2020 outlook for net sales and adjusted EPS as a result of its performance in Q3, which was significantly impacted by the increase in demand of its products amidst the COVID-19 pandemic and its current outlook for continued demand for its products.
The net sales outlook for 2020 is now expected to grow by 5.5-6.5% compared to the previous estimate of down 1% to up 1%. The adjusted earnings guidance is lifted to the range of $2.87-2.92 per share from the prior range of $2.55-2.60 per share for fiscal 2020.
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