GuidanceImplied F4Q25 guidance for revenue and adj. EPS compares unfavorably to prior estimates, due to a soft Spring/Summer order book, softness in APAC, and additional FX headwinds.
Market CompetitionConsiderable competition for consumer acquisition and retention renders future financial modeling complex.
Regional PerformanceAPAC region struggling, with sales in the region down 5% amid a highly competitive and promotional landscape.