Says China market continued to be impacted by Covid lockdowns. Expects slow recovery, modest improvement in the near term. Says had gross margin pressure from commodities and FX. Expects more volatility in costs, currencies in 2H23. Says FX a "significant" y/y headwind. Sees $6B-$8B of share repurchases in FY23. Comments taken from Q2 earnings conference call.
Published first on TheFly
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