149 annotations
Excluding restructuring charges, we expect to deliver on our prior full year earnings outlook.
(No comment added)
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2024 Q2
23 Dec 23
strong gross margin execution and disciplined cost controls are enabling us to offset softer second half revenue and drive earnings growth
(No comment added)
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2024 Q2
23 Dec 23
We anticipate a restructuring charge of $400 million to $450 million in our second half, primarily related to severance costs, which will be recognized largely in the third quarter.
(No comment added)
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2024 Q2
23 Dec 23
Q3 margins expanding 160 to 180 basis points and Q4 margins expanding 225 to 250 basis points
(No comment added)
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2024 Q2
23 Dec 23
This reflects benefits from strategic price increases, improved ocean freight rates and supply chain efficiency, partially offset by higher product input costs and approximately 60 basis points of impact from foreign exchange headwinds.
(No comment added)
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2024 Q2
23 Dec 23
We continue to expect full year gross margins to expand 140 to 160 basis points.
(No comment added)
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2024 Q2
23 Dec 23
here are approximately 400 basis points of headwinds from supply disruptions and accelerated liquidation in the prior year
(No comment added)
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2024 Q2
23 Dec 23
adjusted digital growth plans based on recent digital traffic softness and higher marketplace promotions, life cycle management of key product franchises and a stronger U.S. dollar that has negatively impacted second half reported revenue versus 90 days ago.
(No comment added)
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2024 Q2
23 Dec 23
This new outlook reflects increased macro headwinds, particularly in Greater China and EMEA.
(No comment added)
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2024 Q2
23 Dec 23
This new outlook reflects increased macro headwinds, particularly in Greater China and EMEA.
(No comment added)
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2024 Q2
23 Dec 23
This new outlook reflects increased macro headwinds, particularly in Greater China and EMEA.
(No comment added)
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2024 Q2
23 Dec 23
full year reported revenue now growing approximately 1%
(No comment added)
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2024 Q2
23 Dec 23
we expect Q3 reported revenue to be slightly negative
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2024 Q2
23 Dec 23
We expect second quarter gross margins to expand approximately 100 basis points versus the prior year, reflecting benefits from strategic pricing, improved markdowns and lower ocean freight rates partially offset by higher product input costs.
We continue to expect a negative impact from 50 basis points of foreign exchange headwinds.
(No comment added)
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2024 Q1
30 Sep 23
We expect second quarter gross margins to expand approximately 100 basis points versus the prior year, reflecting benefits from strategic pricing, improved markdowns and lower ocean freight rates partially offset by higher product input costs.
We continue to expect a negative impact from 50 basis points of foreign exchange headwinds.
(No comment added)
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2024 Q1
30 Sep 23
We expect second quarter gross margins to expand approximately 100 basis points versus the prior year, reflecting benefits from strategic pricing, improved markdowns and lower ocean freight rates partially offset by higher product input costs.
We continue to expect a negative impact from 50 basis points of foreign exchange headwinds.
(No comment added)
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2024 Q1
30 Sep 23
We expect second quarter reported revenue growth to be up slightly versus the prior year
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2024 Q1
30 Sep 23
We are cautiously planning for modest markdown improvements for the balance of the year given the promotional environment.
(No comment added)
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2024 Q1
30 Sep 23
We continue to expect gross margins to expand 140 to 160 basis points on a reported basis, which includes 50 basis points of negative impact from foreign exchange headwinds.
(No comment added)
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2024 Q1
30 Sep 23
this growth outlook includes approximately 4 points of headwinds from accelerated liquidation and higher wholesale sell-in during the prior year as we sold roughly 5 seasons of supply within 4 financial quarters
(No comment added)
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2024 Q1
30 Sep 23