FY25 consensus $2.00. Raises FY25 revenue view to $21.475B-$21.625B from $21.15B-$21.45B, consensus $21.31B. Revises FY25 comparable owned-plus-licensed-plus-marketplace sales change to flat to up about 0.5% versus 2024 vs. prior view down about 1.5% to down 0.5% versus 2024.
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