other material
confidence high
sentiment neutral
materiality 0.65
Western Union unveils Evolve 2025 strategy; provides 2023-2025 financial outlook
Western Union CO
- 2023 outlook: GAAP revenue -10% to -8%; adjusted (constant currency) -4% to -2%; EPS $1.55-$1.65; operating margin 19%-21%.
- By 2025: revenue growth of 2% with annual improvement; operating margin 19%-21%; EPS mid-single digit growth.
- Operational efficiency program aims to redeploy ~$150M in expenses over 5 years via vendor, real estate, marketing, and people cost optimizations.
- Impacts include sale of Business Solutions, loss of two European agents (Q4 2022 and Q2 2023), Russia/Belarus suspension, and USD strength.
- CEO McGranahan says strategy builds on 600K agent locations, strong compliance, to provide essential financial services beyond money transfer.