The company faced revenue declines from FY2022 through FY2024 but notably swung operating income from negative $208M in FY2022 to positive $150M in FY2024, reflecting effective cost management and operational adjustments. Liquidity remains stable with a renewed $600 million revolving credit facility maturing in 2030, enhancing financial flexibility. Capital returns continue through dividends and modest buybacks amid improving free cash flow generation. The outlook for FY2026 emphasizes cautious growth amid competitive pressures and supply chain risks balanced against strong brand equity.