ACCO Brands Corporation reaffirming earnings guidance for the second quarter and full year of 2023. In the second quarter, The company expects comparable sales to be down 4% to down 7%, with adjusted EPS within a range of $0.29 to $0.32.

For the full year, The company expects comparable sales to be flat to down 3%, reflecting a challenging near-term demand environment. Full-year adjusted EPS is expected to rise 4% to 8%, to $1.08 to $1.12, as double-digit growth in adjusted operating income, is partially offset by higher interest and non-cash non-operating pension expenses.