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Foreign currency is expected to negatively impact revenue growth by approximately 160 basis points.
Operating margin for the second quarter is expected to expand approximately 80 to 120 basis points in constant currency, with roughly 110 to 130 basis points of gross margin expansion more than offsetting higher planned operating expenses to support key marketing campaigns in the quarter.
The Company continues to expect capital expenditures for Fiscal 2025 of approximately $300 million to $325 million.
Posted In: RL
