Sees Q3 revenue $770M-$790M, consensus $789.07M. Q3 forecast assumes: Continued macroeconomic pressure on consumer demand and cautious inventory commitments by wholesale customers; Improved gross margin, reflecting improved price realization and lower transportation and inventory-related costs; SG&A rate deleverage on lower sales; Comparable interest expense and a higher effective tax rate; and lower average number of shares outstanding.
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