Cost PressuresThere are concerns about rising costs impacting profit margins.
Freight CostsFrom a cost perspective, ocean freight rates are expected to be a headwind, particularly early in the year, as the company works through inventory sourced at higher freight rates.
Shelf Space ReductionShelf resets at Walmart resulted in significant reduction in SKUs and shelf space, translating into mid-teen percentage year-over-year declines in weekly store sales at Walmart.