“And we expect that these headwinds will continue in 2026.”

In context

“get the sell through and it's that sell through that's going to continue to drive the order book and get us back to profitable sustainable growth. Matt Friend: Yes, and I just would add that, last quarter we said that the fourth quarter was going to have the largest, the greatest impact from the Win Now actions that Elliott outlined. And we continue to believe this is true and it's on our plan. But what we can also tell you is that we now expect Q4 to reflect the largest impact from these Win Now actions. And that the headwinds to revenue and margin we expect to moderate from there. And so, how I think you translate that, Aneesha, as you start to look forward is, we've tried to lay out each of these actions and the implications that they have as we start to think about heading into 2026. And we expect that these headwinds will continue in 2026. And as Elliott referenced, while we're going to have positive things beginning vis-a-vis greater full price selling in digital, and we're going to have a clean and full price order book with our wholesale partners, we are going to continue to be liquidating inventory. And we expect that that's going to take us several quarters to work through. But the reason why we're confident in it is because we know we'll be liquidating it through the channels where we're used to liquidating that inventory. So we will continue to be transparent as we've got greater visibility as we get into fiscal 2026. But we're still in the early days of executing against these partnerships. And I'm sorry, we're still in the early days of executing against these priorities. And we remain committed to providing guidan”