Olivia Tong

“I want to unpack the revenue outlook a bit. The guide implies growth deceleration in the second half for home and outdoor, but some improvement in the rate of decline on beauty and wellness.”

“One on the overall environment, whether you're seeing any noticeable or observable trade down or affordability behavior. We obviously talked about the challenges in mass makeup, although it clearly sounds like it's more newness and competition, but just seeing if you're seeing anything there.”

“And then you just mentioned to Steve about the plan to, you know, with respect to Gucci and observing the incremental costs and how you will look at costs overall.”

“I want to talk about margins because it's an exciting time as margins continue to move in the right direction.”