GuidanceManagement has narrowed the fiscal year 2024 outlook, raising the lower end of the prior guidance range while the upper end remains unchanged, which may indicate limited growth prospects.
International BusinessInternational revenues were down 29% year-over-year, driven by a decline in wholesale sell-in to franchise partners affected by the war in the Middle East.
Revenue GrowthRevenue growth has not occurred for 9 straight quarters, showing persistent challenges for the company.