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offsetting softer second half revenue with strong gross margin execution, disciplined cost controls and healthy and more productive inventory levels
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2024 Q3
7 Apr 24
This also continues to reflect the subdued macro outlook around the world.
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2024 Q3
7 Apr 24
we are prudently planning for revenue in the first half of the fiscal year to be down low single digits
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2024 Q3
7 Apr 24
thoughts on how we are planning for our next fiscal year
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2024 Q3
7 Apr 24
we expect revenue and earnings to grow versus the prior year, with operating margins expanding
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2024 Q3
7 Apr 24
For the full year, this translates into gross margins expanding approximately 120 basis points, including approximately 60 basis points of impact from foreign exchange headwinds.
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2024 Q3
7 Apr 24
partially offset by higher markdowns, reduced benefits from channel mix due to franchise life cycle management and worsening foreign exchange headwinds
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2024 Q3
7 Apr 24
benefits from strategic price increases, lower ocean freight rates, lower product input costs and improved supply chain efficiency
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2024 Q3
7 Apr 24
Q4 gross margins to expand approximately 160 to 180 basis points
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2024 Q3
7 Apr 24
Q4 also has 1 point of negative impact on reported revenue
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2024 Q3
7 Apr 24
Q4 revenue to be up slightly reflecting some shipment timing benefits in Q3
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2024 Q3
7 Apr 24
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2024 Q3
7 Apr 24
or the full year, we continue to expect revenue to grow approximately 1%
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2024 Q3
7 Apr 24
we expect to deliver on the full year earnings outlook that we communicated at the beginning of this fiscal year
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2024 Q3
7 Apr 24
Excluding restructuring charges, we expect to deliver on our prior full year earnings outlook.
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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
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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.
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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
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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.
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2024 Q2
23 Dec 23
We continue to expect full year gross margins to expand 140 to 160 basis points.
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2024 Q2
23 Dec 23