Bausch + Lomb (BLCO) - 2024 Q1 - Earnings Call Transcript

The next question is from Vijay Kumar with Evercore ISI. Vijay Kumar I guess two sort of margin-related questions. First, maybe, Sam, on gross margins outperformance in Q1, I think the annual guidance implies a step down. Is that the -- is that a function of the FX? Or what causes the gross margin step down in the back half? I think you mentioned something about $10 million of FX headwinds. Was that incremental to gross margin impact? Sam Eldessouky So it's two parts. So the first part is we're seeing an im ...