Says has dedicated team in place to drive efficiency. Says Q1 results were encouraging. Says increased focus on private brands. Says advancing broader set of generative AI initiatives. Says expects inventory balances to decrease in Q2. Sees Q2 gross margin 43%-44%. Sees Q2 advertising 8% of revenue. Sees FY24 advertising 8% of revenue. Says recently shipped its one hundred millionth Fix. Comments and guidance taken from Q1 earnings conference call.
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