Revenue recognition and transformation of Sweets
Print catalog business transformed into Internet-based sales and marketing solution
Impact now will be in the range of $24 million, or approximately $0.04 per share
- Last year we expected a $15 million impact, or approximately $0.02 to $0.03 per share
- Increasing estimate because almost all Sweets customers are purchasing a bundled print/online product
- Swift migration to bundled contracts not anticipated in earlier estimate