John Kernan

it's safe to assume at least that magnitude carries into the first half of next year, I would assume

Is north of 20% plus operating margins, how you look at the business long term

can you talk to the split between DTC and wholesale in Q3 and Q4 a bit more

U.S. was down 3%, international up 50% in Q1. How should we be thinking about that within Q2

UGG outperformed your expectations pretty significantly in the fourth quarter. Just curious if you'd give more color on UGG and by region, channel

How should we, you know, get about these new wholesale partner doors for HOKA globally, both domestically and internationally

the operating margin profile of the business is the highest among the sector peers. As you look at HOKA and UGG, what opportunities are left

How did the 12% growth in the U.S. compare to your expectations? And maybe talk to the drivers of that growth

it looks like marketing went up to about 5% of sales this year. It's still below some of your bigger peers

Can you talk to what you're seeing on the ground in China both from a top-line and margin perspective?

How would you characterize inventory in the wholesale channel and the timing of when wholesale discounts

can you quantify the tariff impact on gross margin this year, net of the pricing

the geographic EBIT margin, you know, now at 26% at your highest margin region

you reduced the global discount rate by five hundred basis points in the quarter. Obviously, strong performance in wholesale and DTC

Europe comps up 15%. It's your least penetrated region from a DTC perspective

I'm just curious what you think the opportunities for merch margin are going forward

what are the near and long-term returns on this? How can this lift the overall margin profile of the business long term

Where do you see opportunities to potentially leverage SG&A going forward? Obviously, there's a certain level of comps that would generate that

What's your view on the overall availability outlook in the quality of real estate for off-price retail right now?

How would you characterize the comp progression throughout the quarter? I got a quick follow-up

What would be the long-term driver of further merchandise margin expansion?

I would also like to focus in on a few of the other categories like beauty, consumables, footwear, accessories