In recent quarter earning call, FLD said
"we expect our FY ‘24 revenue will be flat to down low-single-digits from FY ‘23"
and
"We are also targeting FY ‘24 non-GAAP EPS growth of 5% to 7%,"
In order to increase EPS, E should increase and(or) S should decrease.
- Increase earning. earning=rev-cost, if rev is flat or decline, cost needs to be reduced more than rev decline
- And(or) reduce shares through buy back which is price manipulation. No impact on anything other than make EPS looks good by burning available cash
Buckle up, sacrifices are needed to hit EPS target FY24.