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and experience consumer His brands. brands. emerging in of new we industry apparel is our an will the with November, fueling era announced the array of our to Long mindset Shifting In next a Cory key Brand Cory leadership SOREL President. as veteran across of and SOREL champion growth be growth. footwear leadership
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with XX%. a approximately XXXX be sales we As forecast net a expect challenging year to decline result, to
embraces outdoors hundreds team into and utility heritage acquired SOREL's all the sales. the with in of millions we boot by SOREL accelerate to brand and The minimal years next in most brand the When annual style. growth bringing successfully refining potential. a the is the phase it with I XX SOREL men's marketing outdoors serve brand long-term ago, in Since beyond. globally over has was the most to style in then, in meaningful evolved women's-led product brand sales. footwear the a The strategies and remain XXXX line consumers thoughtfully opportunity confident and growth
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I'll additional commentary statements. include see CFO review commentary and presentation financial outlook related forward-looking details Please and our these XXXX for to and review This our outlook. financial disclosures statements.
to by expand driven For the and X%. to sales to points approximately impact XXX costs in by costs favorable health, actions. full basis range channel of offset XX.X%. of driven and XX.X% higher year, expenses, we gross net to lower expected reduction mix. in grow SG&A margin is cost compensation partially is expected expect primarily technology to decline inventory to The to chain the DTC, product improvement improved our by 'XX, in margin Gross and incentive X% supply XXX enterprise is the
Based contract operating on expect of growth, X.X% decline, operating earnings range Despite expected year. the SG&A million and earnings $X.XX. strong be share projected points We we to the diluted per decline in between X.X%. $XXX to least and forecast XXX in to net basis XX flow the to margin cash at sales is of $X.XX the in to
increased ability years. expertise delight XX the to reaccelerate innovative; and confident we and of is I'm the having the we and like to core led our the our strategies opportunities global; the accelerate that immensely long-term achieve create marketplace your business. growth; His the by consumers; with to We're served are strategic that's Charlie profitable talent demand answering by President see Charlie as our enhance a creation products Overall, questions, drive product across to driven our excellence amplify brand priorities and functional digitally team, be in values. veteran focus, industry, investing I'd our in growth marketing engagement valuable Board of differentiated, business. significant consumer will to and capabilities welcome as look Before omnichannel retain and to is empower investing experience investments; NIKE Denson Directors. Brand for in of that our iconic
your the That concludes remainder for questions us hour. could my welcome that? Operator, with prepared We remarks. help the you of
