Harmit Singh

And so, you know, we are working through –

You know, our efforts, and we've got different levers to kind of position it.

So you take quarter three, the quarter we just reported.

Gross margins are record.

So we're able to offset tariffs because we've got other things working for us.

You know, as we grow our women's business, our direct-to-consumer business, and international, all of which are accretive to gross margins.

and allow us to mitigate and offset some of the tariff exposure.

Quarter four, we did guide gross margins to be slightly down versus a year ago.

And had it not been for tariffs, we would have grown gross margins.

But overall, as we think about the year, we'll report, again, another year of record gross margin.

So we're working on levers for 2026.

The good news is we'll end the year stronger and we believe we're well positioned to have another strong year in 2026.

Yeah, and so the first thing, Bailey, to your question is our products are well segmented depending on the income profile of different consumers.

I talk blue tab, red tab, and signature.

Signature is what's sold into the lower income consumer.

We've been very thoughtful about pricing.

We're leading with product innovation rather than price.

And so we're doing what we can to maintain a price point.

It was evident in quarter three.

Signature, for example, I think is up in the low double digits for the year.