The earnings call revealed a decline in operating income and free cash flow, with increased costs and soft sales performance. The Q&A highlighted strategic resets, but with no growth expected until the second half of 2026. The Amazon partnership and SKU rationalization are long-term strategies, with short-term pressures on margins and investments. Analysts showed concern over unclear management responses, particularly regarding financial impacts and timelines. Despite increased share repurchases, the overall sentiment leans negative due to immediate financial challenges and uncertainties.