FY25 consensus $1.78. Raises FY25 revenue view to $21.15B-$21.45B from $21B-$21.4B, consensus $21.18B. Revises FY25 comparable owned-plus-licensed-plus-marketplace sales change to down ~1.5% to down ~0.5% versus 2024 vs. prior view down ~2.0% to down ~0.5% versus 2024.
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