What changed
Adjusted EPS of $0.39 beat consensus by $0.00, or +0.7%. Revenue was $2,137M, down 8% YoY. FY27 adjusted EPS guidance is $1.65–$1.80. Top-line softness and inflation-driven margin headwinds pressured results, with adjusted gross margin down 190 bps YoY.
Why it matters
Adjusted EPS of $0.39 beat consensus by $0.00, or +0.7%. Revenue was $2,137M, down 8% YoY. FY27 adjusted EPS guidance is $1.65–$1.80. Top-line softness and inflation-driven margin headwinds pressured results, with adjusted gross margin down 190 bps YoY.