Key facts
- Toro raised its fiscal year 2026 sales growth outlook to 4%-6.5%.
- Toro raised its fiscal year 2026 adjusted EPS outlook to $4.50-$4.62.
- The Advantage Management Platform (AMP) is driving margin improvements.
Toro has announced an upward revision of its financial outlook for fiscal year 2026. The company now anticipates sales growth in the range of 4% to 6.5%. Additionally, its adjusted earnings per share are projected to be between $4.50 and $4.62. This enhanced forecast is primarily attributed to the positive impact of the company's Advantage Management Platform (AMP), which is reportedly boosting profit margins. The company also reported its second-quarter earnings, with key highlights from the earnings call to follow.