We are balancing important strategic investments with disciplined expense management which allowed us to deliver 150 basis points of trading 12-month margin expansion.

Jul 31, 2025 / CEO / receipt, needs a key / Martina Chung, CEO | earnings call 2025-07-31 | transcript 6efa1cd2-04d5-4174-8793-94408dabe9bf | chars 3121-3288 | segment 3