In China, while we expect there could be COVID-19 related surges related to Chinese New Year travel, we see the recent lifting of zero COVID policy as a positive step to an improved economic environment. We believe it will take time for the economy in China to improve amid weakened consumer confidence and a challenged real estate and housing market. We project that our sales in China will go 3 to 5% in local currency in 2023.

Jan 31, 2023 / CEO / receipt, needs a key / Kevin Wheeler, CEO | earnings call 2023-01-31 | transcript c3f5e18e-78b1-4c5d-9243-ad3a2ad8440a | chars 16535-16964 | segment 16

In China, while we expect there could be COVID-19 related surges related to Chinese New Year travel, we see the recent lifting of zero COVID policy as a positive step to an improved economic environment. We believe it will take time for the economy in China to improve amid weakened consumer confidence and a challenged real estate and housing market. We project that our sales in China will go 3% to 5% in local currency in 2023.

Jan 31, 2023 / CEO / receipt, needs a key / Kevin Wheeler, CEO | earnings call 2023-01-31 | transcript c3f5e18e-78b1-4c5d-9243-ad3a2ad8440a | chars 63676-64106 | segment 65