“Yes. So when we look at the gross margin implied for the second half, I would say that we do -- last year, we had a higher gross margin, if you recall, in Q3 because we walked away from the holiday program. And we do usually see it step down into Q4. So I think that's a fine seasonality to assume as you think about your model.”

In context

“sts that we're seeing. So I know that you know last year, rates were exceptionally high, and we have seen some stabilization in the last few months, which is great to see -- something that we continue to watch, but feeling good about right now. And I do think that will be a little bit of a tailwind for us here and into fiscal '24. Bill Chappell: Fantastic. Thanks so much. Operator: Next question comes from Linda Bolton-Weiser with D.A. Davidson. Please go ahead. Linda Bolton-Weiser: Yes. Hi. So I was just trying to work out the math here with the gross margin. Do you have any guidance or comments about the cadence of gross margin? I think it's usually down sequentially in the fourth quarter with that type of seasonality exists again this fiscal year? Mandy Fields: Hi, Linda, it's Mandy. Yes. So when we look at the gross margin implied for the second half, I would say that we do -- last year, we had a higher gross margin, if you recall, in Q3 because we walked away from the holiday program. And we do usually see it step down into Q4. So I think that's a fine seasonality to assume as you think about your model. Linda Bolton-Weiser: Okay. And then I was just curious, if you all had any theories as to why the skincare category is growing faster than color at Mass, whereas in prestige, color is growing faster than skincare. Do you have any insight on that? Tarang Amin: So, Linda, I don't think we have that much insight other than I think consumers are particularly attuned to value right now and Mass skincare. I think offers really great products at a much better value. That would be my hypothesis. But what I'd tell you is skincare has been strong actually now for quite a few years. And so we continue to see that trend with consumers caring about their skincare needs. We see it even amongst our Gen Z audience in terms of their interest in skincare and color. So we're bullish on both categories on t”