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We expect gross margin in Q1 to be approximately flat with Q1 2023, with markdowns relatively flat with last year.
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2024 Q4
8 Apr 24
Q1
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2024 Q4
8 Apr 24
We expect revenue in the range of $2.175 billion to $2.2 billion, representing growth of 9% to 10%.
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2024 Q4
8 Apr 24
We expect capital expenditures to be approximately $670 million to $690 million for 2024.
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2024 Q4
8 Apr 24
we expect dollar inventory to decline in the high single to low double-digit percent in the first half of the year and then increase in the second half of the year as we anniversary last year's declines
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2024 Q4
7 Apr 24
For the fiscal year 2024, we expect diluted earnings per share in the range of $14 to $14.20 versus adjusted EPS of $12.77 in 2023.
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2024 Q4
7 Apr 24
looking at operating margin for the full year of 2024, we expect it to increase by approximately 10 basis points versus adjusted operating margin in 2023, which expanded 110 basis points versus 2022
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2024 Q4
7 Apr 24
Turning now to SG&A for the full year. We forecast leverage of approximately 10 basis points versus 2023.
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2024 Q4
7 Apr 24
For the full year, we forecast gross margin to be approximately flat with adjusted gross margin in 2023.
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2024 Q4
7 Apr 24
Excluding the 53rd week that we have in the fourth quarter of 2024, we expect revenue to grow 10% to 11%.
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2024 Q4
7 Apr 24
Our adjusted gross margin increased 200 basis points relative to last year and was driven primarily by the following: a 210 basis point increase in overall product margin, driven primarily by lower air and ocean freight costs as well as lower airfreight usage, offset slightly by 10 basis points of deleverage on foreign exchange.
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2024 Q4
7 Apr 24
Outside the U.S., our business remains strong in all our international markets in Canada.
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2024 Q4
7 Apr 24
conversion is down slightly
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2024 Q4
7 Apr 24
Q2 through Q4 is the growth rate is slightly ahead of what we're guiding to in Q1, given Q1 guide at 9 to 10, and then the full year at 10 to 11
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2024 Q4
7 Apr 24
we're seeing a slowdown in traffic in the U.S.
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2024 Q4
7 Apr 24
strength in traffic across channels, with stores and e-commerce both increasing by approximately 20%
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2024 Q4
7 Apr 24
we were off to a soft start in the U.S.
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2024 Q4
7 Apr 24
That is a little soft coming into the year.
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2024 Q4
7 Apr 24
in the U.S. is where we're really navigating the dynamic retail environment with the consumer
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2024 Q4
7 Apr 24
there has been a shift in the U.S. consumer behavior of late, and we're navigating what has been a slower start to the year in this market
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2024 Q4
7 Apr 24