“This is expected to result in an approximately $6 million reduction to net sales, largely in Q3.”

In context

“pect net sales growth of approximately 12% to 14% versus fiscal 2021, up from 8% to 10% previously. We expect adjusted EBITDA between 66.5 million to 68 million, up from 66 million to 67.5 million previously, adjusted net income between 36 million to 37.5 million, up from 35 million to 36.8 million previously, and adjusted EPS of $0.65 to $0.68 per diluted share, up from $0.64 to $.67 previously. We still expect a fully diluted share count of approximately 55 million shares, and our fiscal 2022 tax rate to be approximately 24% to 25%. Let me provide you with a little more color on our planning assumptions for fiscal 2022. First, on our decision to forego our 2021 holiday program. As Tarang mentioned, we made this decision to ensure we're prioritizing container space for our core business. This is expected to result in an approximately $6 million reduction to net sales, largely in Q3. The elimination of our holiday program will impact our Nielsen results during the Thanksgiving through New Year's timeframe. The good news is that we still plan to have some holiday themed Luxe Kits, although in smaller quantities than our traditional holiday program, and we plan to have creative marketing around holiday to keep up our consumer engagement. We remain confident in our ability to navigate these global supply chain challenges and meet our ongoing strength in consumer demand as reflected in our raised guidance. Second, on adjusted EBITDA, our guidance now implies 9% to 11% year-over-year growth in adjusted EBITDA. Relative to our previous guidance, we do expect some incremental margin pressure from the combination of increased marketing spend, as well as costs associated with”